Elliot Watson - Financial Planners in Newcastle
Helping people in Newcastle, Maitland and The Hunter secure their financial future
More choices, more enjoyment and more opportunity. At Elliot Watson Financial Planning, we are here to help you achieve the financial freedom needed to realise your life’s goals.
Our experienced financial planners in Newcastle, Maitland and The Hunter are ready for your call. Contact us for reliable recommendations and advice today.
Achieve more with multi award winning
Elliot Watson Financial Planning
What is financial planning? Do you need a financial adviser in Newcastle?
Wherever you are in your financial journey, Elliot Watson Financial Planning wants to help you achieve more. We provide holistic financial advice strategies to help you achieve the things that are most important to you.
We look at each financial facet of your life to guide you down the path to success. Learn more about our financial planning services.
Why choose Elliot Watson Financial Planning?
As a team of highly skilled and passionate people, the Elliot Watson Financial Planning team work tirelessly to help you achieve more.
Our excellence and dedication have been recognised on a national stage winning Practice of the Year in 2018 and Risk Practice of the Year 2017. However, our greatest achievement is your achievement.
We gain the most satisfaction when we see our clients achieve their goals. Contact us for more information about our tailored financial advice in Newcastle, Singleton and Maitland.
Understanding super inheritance tax in Australia: What you need to know
Inheritance tax can be a confusing topic, especially regarding superannuation. While Australia abolished death duties many years ago, taxes associated with superannuation death benefits can impact how much of your loved one's super you receive. This guide will break down…
Navigating Property as part of Intergenerational Wealth Transfer: A Guide for Givers and Receive
Passing down property is a thoughtful way to leave a legacy and a big part of Intergenerational Wealth Transfer in Australia but both benefactors and inheritors must be prepared for the financial, legal, and emotional complexities involved.
Navigating Share portfolio as part of Intergenerational Wealth Transfer
Inheriting a share portfolio as part of Intergenerational Wealth Transfer can be a significant financial windfall, but it also requires careful management.
When considering using the services of a financial planner, people want to know that their adviser has the qualifications and experience to help them achieve their goals. Over the years of working in financial planning, our team has come across many frequently asked questions, which we have answered below. If you have any further questions, please do not hesitate to contact us on 02 4038 1623.
1. How much contact do your financial planners have with clients?
The financial planners at Elliot Watson Financial Planning have regular contact with their clients to ensure they are progressing well with their financial plans and to ensure any changes to their circumstances, government policy, international markets or technological improvements are considered and factored into their plan if appropriate.
Your contact frequency with your financial planner will depend on the service level you select. The options include comprehensive, standard or passive. Our adviser will explain the differences in the service levels to you during your initial consultation.
2. How do you charge for your financial advice?
At Elliot Watson Financial Planning, we will charge a fee for service. This fee will be disclosed to you at the earliest opportunity, and no work will commence until we have your agreement. You can sometimes have the fee debited from your superannuation account.
3. How do your financial advisers choose what to recommend to clients?
Our financial planners will only know which products and services to recommend once they have sat down with you to explore your current financial position and identify your goals. Everyone has unique circumstances, so what might be appropriate for one person may not be appropriate for another. Your financial planner will make recommendations based on your circumstances and what suits your needs.
4. Are your financial planners members of any industry and/or professional bodies?
Yes, in line with financial services industry standards, our team has a Financial Planning Association (FPA) membership. This membership depends on advisers adhering to a code of ethics and professional conduct. The standards imposed by the FPA are considered world-class and hold financial planners to a higher standard than the requirements set out in the financial planning regulations.
Click to read the FPA Code of Ethics
Gary Watson is a member of the Law Society of NSW and the Hunter Valley Charter of The Law Society of NSW.
5. Can your financial planners provide a second opinion?
Our financial planners can provide a second opinion to help you plan for your financial future.
You may have already seen a financial planner and desire a second opinion to ensure you are comfortable with the advice and that it’s the best advice for your unique financial situation. The financial advisers at Elliot Watson Financial Planning can provide a second opinion to help you with your financial decision-making. It is important that the relationship you have with your financial adviser is built on trust.
6. Do you have any conflicts of interest?
Under current legislation, our financial advisers have a fiduciary duty to always place their client’s interests ahead of their own. We operate in accordance with all financial planning industry standards, and our qualified financial advisers always act in the best interests of our clients. Our high ethical standards also prevent our financial planners from providing advice where there is a conflict of interest.
7. Where do you have your meetings?
Watson Wealth Group includes Elliot Watson Financial Planning, Watson Mortgages, Watson Legal, and Singleton Financial. With headquarters in Maitland and offices in Singleton and Newcastle, we are well-positioned to serve our clients across the Hunter region. Our state-of-the-art, sound-proof pods allow us to conduct virtual meetings, enabling us to service clients across Australia.
8. How long does an initial consultation go for and what does it cost?
The goal is to determine if we want to work together. Financial planning is a two-way street, so it is vital for both parties to establish trust and open and honest communication. Without these two important elements, the best financial plan in the world would be worthless if we couldn’t work together to implement it. An initial consultation will go for approximately 60-90 minutes. However, if we proceed, the meeting may go longer as we collect the data outlined in the Things to Bring page. The cost of the initial consultation is $495 (incl. GST).
9. What services do your financial planners provide?
Elliot Watson Financial Planning specialises in the following:
- Superannuation
- Investment Planning & Wealth Creation
- Personal Insurance
- TPD Claims Advice
- Private Wealth Management
- Capital Growth & Income Generation
- Self-Managed Superannuation Funds
- Budgeting & Cash Flow Management
- Group Insurance Claims
- Debt Management & Mortgage Advice
- Estate Planning
- Legacy Planning
- Aged Car Financial Advice
10. Can you help me with my mortgage?
Our advisers are authorised to advise on debt reduction and cash flow management. However, they are not authorised to provide advice on mortgage products, this is reserved for those with a mortgage broker’s license.
Elliot Watson Financial Planning works with a subsidiary, Watson Mortgages, a mortgage broker and can refer you to them for support on mortgage products. Your adviser will help liaise with Watson Mortgages to help you get a good combination of strategy and product. Having your financial planner and mortgage broker openly communicate is beneficial for you.
11. Can you help me with my tax return?
No, financial planners cannot do tax returns. You must be a registered tax agent to give tax advice. However, we have a strong relationship with an accountant and can refer you to them for support.