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Clarity Wealth Management (“CWM”) is responsible for managing the comprehensive “all in one” advice and administration service operated by Financial Clarity Pty Ltd. It had its beginnings when Ken Bloomfield commenced managing direct share portfolios for clients in 1989. At the request of clients it was expanded in 1996 to include management of investment portfolios for self managed superannuation funds, estates and family trusts. Additionally, Financial Clarity, by setting up an investment management arm (Clarity Investment Management), has enabled the CWM service to facilitate clients wishing to access the considerable benefits of Managed Discretionary Accounts.
The service is specifically designed for those investors wanting an active - results oriented investment approach, but who do not want the hassle of monitoring markets and tracking paperwork. A combination of direct securities and selected "value adding" managed funds is utilized. Financial Clarity will only recommend utilizing managed funds when we believe the managers have the experience and flexibility to deliver returns over and above the fees they charge. That is, we must believe there will be value added at the bottom line.
The service provides proactive advice and state of the art analysis of the tax consequences of differing investment choices. This includes "What Ifs" for capital gains tax, income tax and the impact of franked dividends.
All Portfolios provide clients with on-line access and, throughout the business week, valuations are updated nightly. At the end of each financial year clients,or their nominated accountants, are supplied with a comprehensive taxation summary together with fully reconciled bank accounts.
All brokerages otherwise payable to Financial Clarity under this service are rebated to the client.
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