Modern Times
In the past two years the world has become more complicated. That is somewhat of a somber start to talking about something as practical as an application designed to help you manage your super to your advantage and at a very affordable cost, but it’s quite appropriate. In difficult times, it’s a good idea to start thinking ahead to the future.
Being Pragmatic
Much of daily life goes on even if not quite the same. Most people in Australia now have some level of investment because of their super asset but many people and especially the younger employees tend to ignore such an asset and not realise that their lack of management has cost them rather dearly.
Due to the complexities of super regulation, SuperWiser takes anyone about two months to register and then proceed through the initial service. It was originally expected that SuperWiser was intended for employees under age 50 who still had time in the market to accumulate a higher projected income in retirement, say by more than 10%. However there is a realisation through SuperWiser’s presentation to market that active management of anyone’s super asset is a necessity at all ages even of someone who is pre-retirement.
Most employees have time to grow their super asset but some of us older employees have to defend what we have accumulated and a specialist service not controlled by product is required such as a digital service interface. Active management of your super asset is a must!
The Choices Presented by SuperWiser
The financial services industry is a complicated environment to find an affordable service delivering a high value to your super. The financial services industry has a bad reputation for delivering a high cost service for a low value being delivered.
SuperWiser is different as it is not a product but a service to identify the choices to be made to increase your accumulation of super wealth by making an informed choice around the options available.
The options involve a high level of skill and endeavour and yet are easily identified if you have a database of products analysed by an actuarial algorithm in full knowledge of your personal circumstances. The individual account holder cannot amass the amount of data required in deciding what best to do with their super asset. Up to date product knowledge coupled with a future looking outlook on global investment markets are but two of the skills not associated with the average worker.
SuperWiser analyses 40 super products and also advises you how to use the functions provided by the recommended product. If you are in a personal retail product or an industry fund, SuperWiser delivers product advice. Irrespective of which product you are in, SuperWiser advises on both contribution and investment strategies. SuperWiser will continue to contact you around opportunities presented through legislative changes or any variation in investment markets. SuperWiser will even advise you of amendments to be considered should a new product enter the market place with superior functionality and a lower cost.
Super Matters
Super starts with a first contribution and then more and more as the years roll on. In terms of value, as an asset it starts small but its growth can be accelerated if given the right attention.
Every asset you own does require attention and super is no different.
The Steps of the Sensible Investor
As a subject, super appears complex. Most people only know the common advertising slogans, the annual media releases on investment returns and who has been publicly criticised and punished for bad practices.
Decisions based upon the required information surely deliver an optimised result in wealth creation as opposed to basing key decisions on hearsay. In operating under an Australian Financial Services License, SuperWiser is obliged to know the product and also know their client. The development of the application has examined both these needs such that the application has up to date product knowledge and asks all the appropriate questions to understand your needs as a client.
In effect, SuperWiser has a universe of knowledge in delivering advice to every individual using such services.
The Path to Wealth
With the introduction of compulsory super, every worker under the age of 30 has the capability to manage their super asset in becoming a millionaire in today’s dollars, so today’s purchasing power, by the time they reach retirement. Anyone who has worked for twenty years already can better manage their super in the second half of their career in creating an asset above their expectations. Then again, anyone with less than 15 years to go can also better manage their asset as it is no longer just about growth but more so protecting your asset in negative markets so you do not see your asset diminish by 6 figures in one year of market turmoil.
Regular attention to what’s required to best manage your super asset is now available on a full fee for service basis. There is no percentage fees involved and no ongoing service fee with SuperWiser ensuring you are alerted whenever your super needs some attention. The choice is up to each individual to decide if they want assistance at that time or want to wait till next time.
Rich people pay attention to their wealth while we all work to achieve a simple life style. Super enables dreams but you must best understand how to manage from here.
Contact Us
The easiest way to understand SuperWiser is to look at the information on our website www.superwiser.com.au and have look at the video or start your free Super Review.
For your information, SuperWiser is owned by Super Simpler Pty Ltd and has no commercial relationship with any product whatsoever.
Pay Attention
It seems like a simple concept, but a lot of people miss out on the fact that you can make a lot more of your super if you just pay it some attention. Why? Usually because there’s a lot of noise and negativity around super, which can make it a little unappealing to engage with. It’s a mistake to ignore it though – with some input now, you can add an additional 20% in today’s purchasing power to your projected income in retirement.
The SuperWiser Proposition
SuperWiser has been developed by a group of people who are used to providing personal scaled advice. The people involved are not financial planners and are not intending to promote a high margin service where the value in terms of wealth creation is questionable.
SuperWiser essentially runs on a database of products and their details, which it assesses to see if there is a possibility of an improvement with your current super set up. Generally speaking, if you have been previously disengaged with your super, it is usually found that you can do better. The app will make some projection about improvement, and as you proceed through the application and provide some more personal details, we’ll be able to confirm the potential for improvement. In effect you get this information at no cost to you.
Cost Versus Value
To implement the recommendations made by SuperWiser will cost you $220. SuperWiser provides you with a system to monitor your progress against the projection over the short to medium term.
It’s important to remember that managing your super is not a one off exercise. You need to maintain your strategies as regulations change, products improve and markets are never as stable as we like. SuperWiser will do all the heavy lifting and notify you when there is something needing attention.
The Go-To Virtual Adviser
One of the best features of SuperWiser is 24/7 availability. You also do not have to look at your super constantly as SuperWiser will alert you if change is needed. You do not have to make an appointment and go anywhere and SuperWiser does not try to sell you more and more higher priced services.
SuperWiser is an affordable and available service which will initiate the attention required in optimising your asset and giving you choices when you meet the earliest condition of release (currently retiring at age 60).
What Next?
Start your free Super Review.
For your information, SuperWiser is owned and funded by Super Simpler Pty Ltd, a private company with 5 individual owners. SuperWiser has no commercial relationship with any product.
First Publication Of 2022
With the New Year just beginning, it’s the perfect opportunity to take stock of your super and make some plans for the future.
Australia’s super asset continues to grow but the pace varies depending on which product you are in and just how much attention you pay your super. Your super can be like a well-kept garden, or a poorly tended one if you think someone is looking out for it for you.
So maybe it is time to consider what you know about super and how well it is being managed?
Super Issues?
Super can be a controversial topic. No one has really taken responsibility for any of the mismanagement of Australia’s biggest asset that has occurred since its introduction in 1992.
From a product point of view, no one wants the public to have too much of a technical understanding of what it is and the value that is being delivered. There is a lack of transparency in the industry and a lot of false marketing coupled with poor regulation by government.
The public is being educated in a single dimensional measure of excellence with the annual publication of best performing products with no explanation of the technicalities around asset management.
The public themselves really don’t want to have to consider such complexities as they have the preference for too many years to assume everything will be ok in the long term.
Every individual irrespective of age can improve the performance of their super by giving it attention and asking some straightforward questions. Very often it is not a question of a change in product but an understanding in how you best use the product you are in. At other times you might find you are in a good product but something else might just be noticeably better and you might be tempted to change.
The Optimisation Of Super
All product providers have a help line and some product providers have additional services should you want to access more complicated financial advice. Financial planning is not for everyone and may only be for those who can afford the additional costs and also perceive a value in the service offering.
Generally speaking, the vast majority of people can significantly improve their future retirement outcome by paying attention to their super at the latest by age 30.
Essentially if you take the opportunity to better manage your super at age 30, the improvement in your projected income in retirement can be between 25% and 35%. The converse is also true. A lack of attention to your super from age 30 can equally damage you super future by an underperformance of some 25%, all as measured in today’s dollars.
Whatever your age, it is best to start now and arguably find out what you don’t know about your super as too many people just won’t tell you.
SuperWiser
SuperWiser is an application controlled by an algorithm that examines and analyses a very large database of product options. You are able to have the initial chat with this technology before you have to engage with the advice to be provided. Every effort has been made to provide as much information as possible at all stages and every effort has been made to ensure that SuperWiser meets the demands of all regulations.
In particular, the fact that SuperWiser is technology and represents our service interface does not mean you won’t find yourself interacting with someone in our Contact Centre here in Perth WA.
All options around super decisions are examined based on their impact on your projected income in retirement. If the improvement is not substantial enough to justify any change, there will be an adviser intervention to explain to you what SuperWiser is saying and why.
The object of the exercise is for you to have the information you require to make a decision and not to blind you with marketing jargon.
A Unique Service Without Competition
SuperWiser provides what is known as limited advice, sometimes referred to as personal scaled advice. Limited advice, as the name suggests, is a service which only examines your super and what you are doing to optimise its retirement value. As it is limited advice, it is very much priced as affordable, essentially delivering a high value in super optimisation for a very affordable cost. In addition, future advice around maintaining your established strategy is roughly half the cost of your entry into the application, all fees being charged on a full fee for service basis and not as a deduction from your account.
No other service provider within the financial services sector has the capability of SuperWiser, many product providers being limited to call centre support in providing administrative support only. Most products who provide financial advice only provide full financial planning and not the service most desired by an uninformed market.
Research indicates that full financial advice is only of interest to a proportion of the highest account balances with other assets as distinct from the situation most of us face.
Make A Resolution And Not A Mistake
Start your free Super Review. Should you have any questions, feel free to call 1800 467 467 and talk to our contact centre. You will find us to be very helpful.
Get to know SuperWiser and meet your super future!
Totally Affordable
Super is a valuable asset and for anyone who is going to work for 50 years – foresight is always better than hindsight. Many people think there is only one service option available for their super which is the high priced financial planning model. Research firm Investment Trends has indicated that the numbers accessing financial advice have fallen over the years but that might change as people appear to be considering financial advice as a consequence of life experience through COVID.
You should know, affordable personal scaled advice does exist.
How Much is Affordable?
The cost for holistic advice can be extensive to say the least. On the other hand, new services for limited advice are becoming more and more available, particularly through technology. Based on an examination of anyone’s super, there is value in obtaining appropriate advice from a suitably licensed and qualified organisation.
Most people regard the family home as a major asset and its acquisition is a serious emotional journey from beginning to end. Then again, because your super asset starts off small and seems to take forever to become important, too many people do not actively manage super the way they should. Super is not unlike the acquisition of your family home, with your equity in the asset being small in the first place, the risks are great and it seems to take such a long time to realise value.
If you had access to a super service which only delivered comprehensive advice around your super and only charged an affordable cost against the value delivered, would you use it?
Such is SuperWiser where full advice is $220 and update advice is $110 but you only pay once when you receive said advice. There are no ongoing service fees! The value is based on super as a long term wealth creation strategy which needs occasional management to maintain strategies around choice of product, cost of product, contribution, and investment.
Lethargy to Overcome
As a serious asset, super is best managed by the expert. The level of expertise required to develop a perception of which option provides best value for money is technically high. The proposition posed by technology is its ability to analyse the complex world of super product, wealth creation strategies, and regulation in a timely manner to look after your super better than you can yourself.
Why not access such a service?
Time Efficient
SuperWiser does not sleep. SuperWiser will always take your appointment when convenient for you. SuperWiser will not bore you with technicalities. SuperWiser will bring you into a service model which maintains all the strategies to optimise your super, even providing a methodology for you to monitor your progress towards your long term goal and objectives.
Super is a complicated process and, based on market feedback, individuals don’t understand why the process is just so complicated. SuperWiser deals with all the complications and provides advice on how best to manage your growing asset.
Yes there are pause moments in waiting for this or that but SuperWiser will alert you to the next step as soon as things are made to happen. There is a backroom team monitoring your progress through the application and adviser intervention does take place when required to ease any concerns you might have.
Start your free Super Review to examine if you can substantially benefit from taking control of your super growth.
Industry Resistance
The financial services industry is dominated by certain forces acting in their own best interests and not yours. A very bold statement but one with an element of truth. SuperWiser is a personal service of value not delivered by product and a terrifying proposition if they are forced to adopt it. Personal service around your super should have been more available than it was.
If you have a suspicion that you are not making the best of your situation and your super, why not examine the play tool on our website and contact one of our authorised representatives to find out more. You can decide not to proceed but best make such a decision based on knowledge as opposed to minimum input.
Send your questions to yoursuper@superwiser.com.au or call free call 1800 467 467 for more information.