Meet Gary Watson
Gary recently joined the Elliot Watson Financial Planning team as a Financial Adviser, specialising in aged care. Combining his extensive legal skills with his vast financial planning knowledge, makes for a perfect combination of experience for helping clients navigate the complexities of entering aged care facilities, and the corresponding Centrelink requirements. We are excited to have Gary on board and to offer this new service to clients. Let’s learn more about Gary:
What are your qualifications?
I am admitted as a Lawyer of the Supreme Court of NSW and hold an Australian Practicing Certificate to engage in legal practice as a Government Legal Practitioner.
I hold a Bachelor of Laws, a Master of Laws in Commercial Litigation, a Bachelor of Legal & Justice Studies majoring in Commerce and Conveyance Law, a Diploma of Legal Practice and a Diploma of Financial Planning. I am also a trained mediator and government dispute facilitator.
In October 2015, in recognition of academic achievement at Masters Degree level, I was admitted as a Graduate Fellow of the College of Law.
I am a member of the Law Society of NSW and a member of the Hunter Valley Charter of The Law Society of NSW.
I have over 30 years’ experience across financial planning, legal administration, law interpretation, dispute resolution and business management.
What do you enjoy about Financial Planning and Aged Care Advice?
It is essential that those wanting to access aged care services are adequately represented and receive reliable financial advice.
I take great satisfaction in helping elder clients and their families navigate the complexities of aged care services and government support.
Given the complex legal and financial structure of the Aged Care industry, in the absence of adequate financial advice, elderly people in need of aged care services may not receive all government entitlements and if not correctly assessed, may be asked to pay aged care providers amounts, for services and accommodation, that they are not legally required to pay.
The decision to enter an aged care facility or, receive home support, is difficult and can be a very emotional time for clients and their families. In my capacity as an Aged Care Specialist Adviser, it is rewarding to help alleviate the stress by ensuring clients are accurately assessed, receive all government subsidies and do not pay excessive amounts.
What do you like to do on the weekends?
I enjoy the free time at weekends, relaxing with my wife of 39 years and catching up with our three adult children. We are keen renovators and enjoy planning and renovating our home together over the weekend.
I hold an aircraft Pilot Licence with a Class 4 Instrument Rating. I fly light aircraft and have an endorsement to fly the DH 82 vintage Tiger Moth.
What do you like about Newcastle and the Hunter?
I have lived in the area for over 60 years and I’ve enjoyed raising my family in the Hunter. The region has undergone significant improvements over the last few years and it truly provides a great, relaxed lifestyle.
What is the best piece of financial advice you have ever been given?
The best financial advice I’ve received is; ‘… It’s time in the market, not timing the market, that provides investment growth….’. The earlier you start investing for the future, the better.
What are you passionate about?
I am passionate about helping people. Legal and financial issues can be the source of significant stress and disadvantage for many people. Assisting people with the complexity of government regulations and financial planning is both rewarding and satisfying.