Because there are times in life when you need that extra help
No matter what your circumstances, there are often times in life when it can become difficult to manage the complexities of your financial affairs.
While you can’t predict the future, you can prepare for it by ensuring you have support in place for whenever you might need it. Whether you need someone to simply look after the administrative details of your investments, or take full responsibility for your financial wellbeing, our Lifestyle Assist service can help.
Keeping your finances under control
Should at any stage you become less able to manage your affairs, we can take on those duties for you. By engaging The Trust Company under a Power of Attorney, we’ll take on all the administrative duties of managing your finances, while working with you to make the most important decisions.
Your financial and personal affairs are, of course, not something you can entrust to just anyone. However, we’ve helped look after the wealth and wellbeing of individuals and their families for more than 125 years, and we have the experience and expertise to look after you too.
“After my wife died, I felt like the everyday tasks such as paying bills and managing the finances were starting to feel like a strain. The Trust Company’s Lifestyle Assist service helps me remain independent but has relieved that burden. Most importantly it has freed up my time so I can spend it with my children and grandchildren and live life to the fullest once again.”
Edward, aged 76
We do whatever it takes to make your life easier
We’ll work with you to make your financial decisions and ensure they’re always in your best interest. We can:
- Buy and sell assets, including property
- Look after investment properties
- Collect any dividends or interest owed to you
- Manage medical and general insurance claims, liaise with utility companies and pay your bills
- Organise tax returns
- Set up and renew insurances
- Coordinate any legal matters
- Arrange financial advice
- Reconfigure your home, or arrange regular home visits
- Research and coordinate carers or appropriate accommodation.
We’ll assign a dedicated consultant who’ll work with you to assist with whatever needs you have. From the beginning, they’ll be your key point of contact, and you won’t have to deal with a raft of different people. As your needs change, your consultant will help you assess your new requirements, and adjust our services accordingly.
Meet Margaret, 73
“I’d been married to Sam for 40 years when he died. Throughout our marriage, Sam had handled all the finances, including paying bills, doing tax returns for both of us and investing in a significant share portfolio. In his Will, he left everything to me. Quickly, I realised I didn’t have enough knowledge to handle all the affairs, especially at such a difficult and emotional time. I went to The Trust Company. I asked them to help, and that’s just what they did. They took charge of my finances; they asked me what I needed, and they manage my share portfolio to meet those needs. They pay my bills every month and they prepare my tax return every year. As time went on, I decided the family home was no longer suitable for me. The Trust Company sold the house for me and helped to find me a new unit, which is smaller and more comfortable.
“These days, I find it more difficult to move around, and there are some household tasks that I just can’t manage. I want to stay in my own home, so they arranged for carers to call on me once a day to help me to get up and about. My shopping is delivered every week, and they arrange for medical help when I need it.
I’m still living comfortably at home, knowing that my affairs are being looked after. Most importantly, I know that I am being well looked after too.”
Pricing is variable based on the solution that we customise for you, and in many cases, fees are tax deductible. You can make as many or as few of the decisions as you’d like, changing this level of involvement as you see fit. This leaves you to focus on what matters.
Specific services offered that you may wish to consider include:
- Investment portfolio administration including reinvesting dividends, managing corporate actions such as dividend reinvestment plans, managing/rolling over term deposits
- Personal management including paying household bills, managing utilities, arranging for medical care, moving into further care if required
- Property management including managing investment properties, collecting rent, organising repairs, selling property, transferring ownership.
Fees start from:
| Investible asset value | Annual fees |
|---|---|
| Up to $1 million | 1.375%* |
| $1 million to $3 million | 1.1% |
| Over $3 million | Negotiable depending on circumstances |
* To ensure we can provide a high standard of service to you, a minimum annual fee of $6875 applies.
Fees are calculated on the value of assets at commencement, and charged monthly in arrears. All prices are inclusive of GST. They are reviewed annually.
We have a range of additional services that are available to our existing clients at competitive rates including:
- Financial advice
- Tax advice
- Tax returns
- Reconstructing capital gains tax records
- Estate planning
- Estate administration.
For more information on our fees and charges, please see our Financial Services Guide.