Financial Advice for Women

Financial Planning for Women in Adelaide

Novo Wealth offers specialised financial planning for women as part of our responsible financial planning and ethical investment approach.

The Financy Women’s Index shows that the average woman retires with just 66% of the account balance of the average man. This is due to a variety of factors including (but not limited to):

  • The expectation placed on women to perform the majority of unpaid domestic labour (caring for children, sick or disabled loved ones, aging parents)
  • the wage gap
  • barriers to advancement in the workforce
  • ageism

To do our part in working towards a more equitable society, we work with women using a range of strategies to close the retirement savings gap, advising them on investing, and focus on savings and wealth management to help our clients achieve greater wealth and financial independence.

Get in Touch

Financial Planning for Women in Adelaide

Novo Wealth offers specialised financial planning for women as part of our responsible financial planning and ethical investment approach.

The Financy Women’s Index shows that the average woman retires with just 66% of the account balance of the average man. This is due to a variety of factors including (but not limited to):

  • The expectation placed on women to perform the majority of unpaid domestic labour (caring for children, sick or disabled loved ones, aging parents)
  • the wage gap
  • barriers to advancement in the workforce
  • ageism

To do our part in working towards a more equitable society, we work with women using a range of strategies to close the retirement savings gap, advising them on investing, and focus on savings and wealth management to help our clients achieve greater wealth and financial independence.

Get in Touch

Financial Advice for Women: Who Do We Help?

When financial planning for women, we take a number of factors into consideration, but the foundations of financial advice are the same: stage of life and financial situation.

Once we understand the stage of life you’re in and the specifics of your financial affairs – existing assets, debts, retirement accounts and savings – then we can start planning your financial future with all the specific considerations women’s financial planning requires.

Financial Advice for Women: Who Do We Help?

When financial planning for women, we take a number of factors into consideration, but the foundations of financial advice are the same: stage of life and financial situation.

Once we understand the stage of life you’re in and the specifics of your financial affairs – existing assets, debts, retirement accounts and savings – then we can start planning your financial future with all the specific considerations women’s financial planning requires.

Financial Advice for Young Women

When it comes to financial advice for younger women, such as women in early-career roles or women new to the workforce, there are a number of critical financial decisions to make to set yourself up for financial success long term.

This can include making the most of your superannuation to grow future retirement savings as well as helping you with cashflow and investing.

Financial Advice for Single Mothers

As a financial planner working with single mothers, we understand there are specific concerns that are integral to any suggested financial plans.

Financial decisions need to take into consideration ongoing money management at present and the future interests of dependents, elderly parents as well as preparing and saving for other potential factors that can impact the family’s financial life – such as elderly parents, illness and more.

Additionally, we can help you navigate Centrelink entitlements and what payments you can expect to receive.

Financial Planning for Divorced Women

If you are experiencing divorce or have recently finalised a divorce, it can be difficult to know what financial decisions you need to make.

Working with an adviser who understands the impact divorce can have is the first step toward starting the next chapter of your wealth management.

Why is it important for a woman to be financially independent?

The majority of our female clients want the same thing, regardless of their age or status: to grow their wealth, improve their financial situation and be financially independent.

The path to a more equitable society begins with ensuring everyone can be financially literate and economically independent. Economic freedom for a lot of people means choice – choice in who we share our lives with, choice in where and how we live and it provides us with the means to improve and ensure our own wellbeing, as well as the health and wellbeing of our loved ones. A great financial plan can do just that.

A financial plan that focuses on achieving financial independence could include:

  • Superannuation – picking the right super fund and retirement contributions
  • Emergency fund – selecting a high-yield savings account, how much money should be in your emergency fund, how to grow your fund as your overheads increase
  • Financial needs vs financial goals – determine your individual needs and how to financially meet them, then how to set up short and long-term financial goals
  • Understanding the implications of tax and interest on your finances
  • How to invest to build wealth and prepare for retirement

Why is it important for a woman to be financially independent?

The majority of our female clients want the same thing, regardless of their age or status: to grow their wealth, improve their financial situation and be financially independent.

The path to a more equitable society begins with ensuring everyone can be financially literate and economically independent. Economic freedom for a lot of people means choice – choice in who we share our lives with, choice in where and how we live and it provides us with the means to improve and ensure our own wellbeing, as well as the health and wellbeing of our loved ones. A great financial plan can do just that.

A financial plan that focuses on achieving financial independence could include:

  • Superannuation – picking the right super fund and retirement contributions
  • Emergency fund – selecting a high-yield savings account, how much money should be in your emergency fund, how to grow your fund as your overheads increase
  • Financial needs vs financial goals – determine your individual needs and how to financially meet them, then how to set up short and long-term financial goals
  • Understanding the implications of tax and interest on your finances
  • How to invest to build wealth and prepare for retirement

Next Steps

If you feel you are not on target to achieve your goals, there are a range of strategies we can employ to help set you and/or your family on the right path.

Our responsible investment approach focuses on future-forward investment opportunities that align with ethical values, such as investments in companies or funds that are at the forefront of gender diversity, employ progressive governance, and demonstrate positive environmental behaviour.

The time to take action is now. The longer you delay, the less time you have to build wealth and achieve your financial goals with a financial adviser. Contact Novo Wealth today!

Get in Touch

Next Steps

If you feel you are not on target to achieve your goals, there are a range of strategies we can employ to help set you and/or your family on the right path.

Our responsible investment approach focuses on future-forward investment opportunities that align with ethical values, such as investments in companies or funds that are at the forefront of gender diversity, employ progressive governance, and demonstrate positive environmental behaviour.

The time to take action is now. The longer you delay, the less time you have to build wealth and achieve your financial goals with a financial adviser. Contact Novo Wealth today!

Get in Touch