Last week share markets around the world fell. At its lowest point the Dow Jones Industrial Average was down 1579 points, a fall of 6.4 per cent. This one-day fall wiped off more than all the gains made since the beginning of 2018. The Australian share market, unsurprisingly, followed suit having its worst week in 2 years.
Elliot Watson did not get into financially advising to be given awards.
But in helping a struggling woman through one of the toughest periods of her life, the 29-year-old was presented the 2013 Value and Advice Award for NSW last Thursday in Sydney.
The award from dealer group Charter Financial Planning is selected from a panel based on their valuable advice to clients in terms of creating change in their lives.
Mr Watson saved his client almost $70,000 in tax after she had developed post traumatic stress syndrome after 20 years in the NSW Police Force.
The East Maitland man said to be able to help his client was worth more than any award.
“Obviously it was very nice, but it’s not why you do it,” he said.
“She had been going through a tough time and basically after accumulating 20 years of having to deal with things she was unable to work and had trust issues and was having trouble getting on with her life.
“The NSW Police Force have an exiting program for people like her and I was able to give her the right advice when she needed it, which saved her up to $70,000 in tax, which was fantastic.
“Obviously saving that amount of money was great but to be able to help her through that time when she was very stressed and confused was the most important part.”
The former captain of Maitland Grossmann High School began working for Newcastle Financial Planning in 2006 before acquiring his license in July 2007.
Mr Watson’s client was thankful for his help.
“I can only offer praise and gratitude to Elliot,” she said.
“I was referred to him when my life was in turmoil.
“Elliot helped me make important decisions and has enabled me to get on with life with a secure outlook, both financially and personally.
“I cannot thank Elliot enough for everything he’s done for me, he went above and beyond the call of duty.”