Why Understanding Mortgages Is Essential Owning a home is a dream for many Australians, but how much do you know about mortgages? Understanding the process can help you make smarter financial decisions and avoid costly mistakes. There’s something special about the security of owning bricks and mortar as an investment. Not to mention the emotional […]
Evaluate Your Financial Health and Secure Your Future. Most people overlook their financial health until it’s too late, but taking control today can set you on the path toward a secure and prosperous future. Financial well-being is about more than just saving money—it’s about making smart decisions with your investments, retirement planning, and protection against unforeseen […]
What is a Financial Adviser? A financial adviser helps individuals manage their finances by offering expert guidance on budgeting, saving, investing, and retirement planning. They work with you to create a personalized financial strategy that aligns with your goals and circumstances. Financial advisers are like personal coaches for your finances. They set clear, achievable financial […]
Introduction Solomons Group is excited to announce a strategic addition to its team, Rebecca Li. With over two decades of wealth management experience, Rebecca brings unparalleled expertise to clients across the Asia Pacific region. Moreover, her extensive background and commitment to client success align seamlessly with Solomons Group’s mission to deliver world-class financial solutions. In […]
Introduction Solomons Group is pleased to announce the addition of Joel Tilbrook to its team. Solomons Group Welcomes Joel Tilbrook. Joel brings extensive industry knowledge and global strategies from leading financial institutions, thereby enhancing our clients’ access to both Australian and international market opportunities. This strategic move is set to elevate client wealth management to […]
Introduction Wealth transfer from the baby boomer generation has begun, with home ownership being a significant catalyst. The rising cost of homes in Australia, coupled with the steady target cash rate of 4.35%, has led many parents to consider helping their children buy homes. However, before stepping into the role of the ‘Bank of Mum […]
Introduction The ATO has issued a warning on SMSF asset valuations about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self managed superannuation funds (SMSFs) have reported assets as having the same value for three consecutive years. With many of these assets residential or commercial Australian property, you can forgive the ATO […]
Introduction In late 2023, thousands of Australians were notified about outstanding historical tax debts they never knew existed. This revelation has significant implications for individuals and businesses, particularly small and medium enterprises (SMEs). Historical Tax Debt and ATO’s Response In circumstances when a taxpayer is in serious hardship and unable to pay the ATO, the […]
Introduction Solomons Group Welcomes Sam Chung! Solomons Group Australia proudly announces the addition of Sam Chung as Cross Border Engagement Lead. Moreover, Sam, based in the Brisbane office, brings over two decades of experience in the financial sector. In fact, he has held prominent roles at Shanghai Commercial & Savings Bank, ABN AMRO Bank, Citibank, […]