Investment Advisory
Overview
The majority of investment advice provided in Australia is not independent. Advisers operating under restricted licences can only recommend investments from their licensee's approved product list. Advisers who charge asset-based fees have a financial interest in keeping assets under management rather than directing clients to pay down debt or hold cash. Advisers who receive product commissions have a structural incentive to recommend higher-commission products. Peter White Financial Planning operates outside all of these constraints.
Details
Peter holds a Master of Applied Finance and has 25 years of experience in financial services, including 14 years as a Senior Financial Adviser. He is a member of the Financial Advice Association Australia and a member of the Profession of Independent Financial Advisers. His practice at Level 57, 25 Martin Place, Sydney CBD does not receive commissions, does not charge asset-based fees, and is not restricted to any product list. Investment recommendations are based on what is appropriate for the client, assessed against their full financial position.
Additional Information
Portfolio construction begins with a clear understanding of the client's objectives, time horizon, risk tolerance, income requirements, and tax position. Peter develops investment strategies across Australian and international equities, fixed income, cash, listed and unlisted property, infrastructure, exchange-traded funds, managed funds, and listed investment companies. The strategy is documented in a Statement of Advice and reviewed as circumstances change.
More About This Service
Asset allocation is the primary driver of investment outcomes over time. The split between growth assets (equities, property, infrastructure) and defensive assets (bonds, cash) determines both the expected return and the volatility of the portfolio. Peter advises on strategic asset allocation that is calibrated to the client's risk tolerance and time horizon, and that is robust enough to hold through periods of market stress without requiring reactive decisions at the wrong time.
Further Details
Many clients come to Peter having accumulated investments over years through multiple advisers, employer share schemes, and ad hoc decisions. These portfolios frequently contain overlapping exposures, high-cost products, inappropriate risk levels, and embedded tax liabilities. Peter conducts independent reviews of existing portfolios and provides a frank assessment of what is serving the client well and what should change, taking into account the tax consequences of any restructuring.
Tax Is A Material Component Of Investment Returns
Tax is a material component of investment returns. Peter incorporates capital gains tax timing, the 50% discount for assets held longer than 12 months, franking credit optimisation, and the tax treatment of different investment structures into portfolio construction and ongoing advice.
