The McMasters’ Way is a sophisticated premium financial planning and wealth coaching service integrating taxation planning, superannuation planning, structural advice and investment advice to achieve maximal wealth outcomes for health practitioners.

Your Personal Advisor works with you to make sure everything is done efficiently and on time and that you can concentrate on your practice and your family comfortable and confident that financial success is achieved.

McMasters', and many of its directors and staff, are authorized representatives of Dover Financial Advisors Pty Ltd, AFSL 307248. The McMasters' Group owns the Dover Group.

McMasters’ integrates advanced tax planning and superannuation strategies, debt management, careful use of legal structures and cash flow positive investment selection to maximise your wealth, cash flow and peace of mind. McMasters’ employs conservative and balanced investment techniques designed to achieve long term benefits for you. Your financial plan is based on your cash budget, attitude to risk and debt and your preferred work-life balance. Your plan emphasises cash flow positive principles to simultaneously increase your net wealth and increase the after tax cash flow available to you and your family. The process is on-going and features half-yearly up-dates and reviews to monitor progress and to ensure all goals and benchmarks are satisfied.

All McMasters’ Statements of Advice accord with our philosophy that doctors should:

Investment selection emphasises stable, well managed Australian based companies and trusts running sound businesses with established reputations and management skills. Your attitude to risk and return dominates the selection process, but a mandatory parameter is cash flow positive returns, meaning you have more cash available to you than otherwise would be the case. Emphasising sustainable cash flow positive results enhances your ability to invest further and reduces the short term risk connected to borrowing.

Legitimate taxation strategies are used to improve the net cash flow from your practice and from your investment portfolio. This in turn increases the amount able to be invested and reduces the risk inherent in all investment strategies, by providing a compensatory and un-connected cash flow source.

Superannuation strategies are used to maximise tax outcomes and to minimise taxes on investment earnings. These are supported by the height, stability and length of a doctor’s income stream, and where appropriate steps to improve the profitability and cash flow of the doctor’s practice.

Commission free income continuance insurances and life insurances with sensible sums insured reduce the short term risks inherent in borrowing and investing.

Debt management strategies minimise the after tax cost of your borrowings and simplify the administration process. Interest rates and other costs are minimised, and tax deductibility is maximised, to make sure you pay the least amount possible for your borrowed funds.

Asset protection principles are respected throughout each advice.

All Statements of Advice comply with all Corporations Law requirements and best practice industry standards as well as our own meticulous standards.

McMaster’s Statements of Advice:

1. include a detailed analysis of your existing cash budget, your attitude to risk and debt and your preferred work-life balance,
2. consider how you can improve your income by improving your medical practice without working extra hours or taking on unnecessary risks,
3. employ customised tax planning, debt management and superannuation planning techniques to maximise the amount of cash available to you for investing,
4. implement innovative estate planning and asset protection solutions,
5. select the most appropriate investment vehicle for your circumstances (including SMSFs, family trusts and companies),
6. carefully select a cash flow positive portfolio of balanced investments designed to maximise your cash flow, maximise your capital appreciation and align with your risk and expected return profile and your attitude to debt,
7. prescribe what needs to be done, who will do it and an implementation time table, and
8. implement the advice.

McMasters’ regularly save doctors tens of thousands of dollars of tax a year.

The form and content of a McMasters’ Statement of Advice depends on each client’s specific circumstances and requirements. McMasters’ does not use para-planners and template software to prepare our documents and each Statement of Advice reflects each client’s unique circumstances.

The Statements of Advice are in user friendly plain English, with direct, simple and clear instructions on what needs to be done and who has to do it. Unnecessary content is avoided and hyper-text links and footnotes are used to incorporate standard materials and external information sources wherever possible. This means your Statement of Advice is at once direct, immediate, concise and personal, while at the same time containing a huge amount of supporting material and expansive explanations and third party supports.

Each client’s Statement of Advice differs in detail, but most include the following features:

McMasters’ does not accept commissions on client investments. Commissions are not appropriate for doctors seeking impartial and objective financial advice.

McMasters’ does not handle your money. You handle your monies, no one else.

McMasters’ does not provide expensive investment management platforms. These comprise an unnecessary cost that drags down overall investment performance.

McMasters’ does not use para-planners or template software to create its Statements of Advice. We specialise in doctors and we draw on these experiences, but each Statement of Advice is an individual and unique set of recommendations.

McMasters’ does not recommend investments that pay commissions, except in rare cases.

McMasters’ rebates all commissions under the Commission Rebate Scheme.

McMasters’ does not refer work to third parties based on mutual referral or incentive payments. All third party referrals are merit based and represent the person we believe is best placed to help you.

McMasters’ does not recommend taxation strategies that are not supported by tax law and practice and which are not within the commonly accepted bounds of tax planning.

McMasters’ does not accept commissions from any source and all McMasters’ fees are presented in a tax deductible format for tax advice, practice development advice and advice on your existing business and investment profile. This means you pay much less than the typical commission based financial planning report.

Our fees are time based and depend on how much time the report or other assignment takes to complete. All meetings are charged including first meetings, and we will explain and confirm in writing all expected fees before commencing any significant assignments.

A standard fee for developing and implementing a detailed Statement of Advice is in the range of $600 to $900 plus GST, depending on the complexity of the matter and the extent of the work involved. This fee note is all inclusive covering two to three hours of meeting time plus SOA preparation time. It does not cover  specific legal tasks, such as setting up SMSFs, wills and partnership agreements,  which are charged at normal professional rates. This fee note does not include accounting work or tax return or BAS preparation work and other accounting and tax compliance tasks. It also does not include any time expended in implementing the advice. Our fees are tax deductible.

McMasters’ advice typically saves clients tens of thousands of dollars in tax every year and maximises the after tax growth in wealth by synthesising legal planning, taxation planning, superannuation and investment selection to provide optimal results in line with your personal, professional and business personality.

All tax invoices are rendered by Dover Financial Advisors Pty Ltd, AFSL 307248, in accordance with Corporations Law requirements.

Back to The McMasters' Way Home

 swimming pools. spas. in ground luxury pools. Brighton.  Melbourne. Aaron Hamill. Water tanks.