About TSG
The Salisbury Group was established in 1999, with the simple aim of providing well thought-out planning and investment advice to its clients. Salisbury manages over AUD$700 million of client investments and is already one of the largest 100 financial planning firms in Australia.* The Salisbury Group is a Principal Member of the Financial Planning Association of Australia Limited and abides by the strict Rules of Professional Conduct and Code of Ethics laid down by the FPA. The company holds an Australian Financial Services Licence issued by the Australian Securities and Investments Commission. This enables our Advisors to provide our clients with very broad ranging advisory services with the client best-interest at heart.
Salisbury's team of Authorised Advisors are highly experienced and respected financial experts. Through our advisory team, Salisbury offers a comprehensive financial planning service that identifies individual client needs and objectives and covers the important elements of:
- goal setting
- saving and superannuation
- protection of asset values and current lifestyle
- development of properly balanced investment portfolios
- tax effectiveness
- financial arrangements in retirement
Since foundation, Salisbury has built a reputation for advice that is objective, client-oriented, thorough and of considerable expertise.
Our primary aim is the generation of sustainable wealth creation for our clients. This focus allows Salisbury's clients to establish a solid and sensible financial foundation for an independent retirement.
Salisbury’s approach to Financial Planning Advice
Financial planning is the process of meeting your goals through proper management of your finances. Financial security is a vital part of your quality of life - not only now, but in all the years to come. Many people fail to realise that their financial plan - or lack of a plan – is probably more important than the underlying investments they select. This is where good advice and on-going management from a qualified planner can translate into a secure and prosperous future.
In providing financial planning advice to our clients, we use a six-step process. The aim of the process of to take a 'big picture' look at your current position, and to define your financial goals for the future. Our recommendations are designed to help you understand what you may need to do, now and in the future, to achieve your goals.
The six steps in our process are:
- Gathering your financial data - your income, debts, assets.
- Identifying your goals and your investment risk-profile
- Identifying financial issues which may impede your ability to achieve your goals
- Preparing your financial plan and designing investment strategies that can reduce or overcome items identified at Stage 3
- Implementing your financial plan
- Reviewing and revising your plan - to ensure it stays up-to-date and relevant to the economic and legislative climate as well as to your changing lifestyle.
A key factor in our recommendations is your attitude to risk. In general, investments, which offer higher than average returns, have a higher exposure to risk. For some investors volatile investments are not suitable; others may be prepared to accept some risks as part of a generally balanced and secure portfolio, while some investors may be comfortable with a more aggressive investment approach. For this reason, we spend considerable time getting to understand your personal circumstances and outlook before we recommend any investments to you.
When you are comfortable that you understand the recommendations in the report, and that they meet your objectives, then your Salisbury Advisor will assist in implementing the plan, including placement of funds into your preferred investments, arranging risk insurance, and the liaison with other professionals such as taxation advisors, lawyers or government departments.
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Advice first, product second
A current trend in Australian financial planning is an increasing majority of Advisory businesses owned by the large financial institutions – banks and insurance companies. The Salisbury Group is owned by its’ Directors with a strategic stake being held by AFS Group Limited, and both Directors and Advisors place great emphasis on best-practice advice rather than favouring any particular investment product or investment manager.
To this end we have a broad-ranging Approved Products List covering a wide-array of investment managers and life offices. The founding chairman, Professor Tom Valentine is now acting as a consultant to the group.
Professor Tom Valentine
B.Ec. 1st Class Honours, University Medal ( Sydney ), M.A, Ph. D. (Princeton), FFTA
Professor Valentine is adjunct Professor of Finance at the Macquarie School of Management (MGSM)
He was declared a "2006 Legend" by the NSW Finance and Treasure Association.
His prior positions include:
* Professor of Banking and Finance at the University of Western Sydney 1995-2005
* Professor of Finance, University of Technology, Sydney 1991-1994
* Professor of Finance and Director of the Centre for Applied Finance, Ku-ring-gai College of Advanced Education 1989-1991
* Professorial Fellow and Director of the Centre for Studies in Money, Banking and Finance, Macquarie University, 1981-1989
* Member of the Board of the Australian Financial Institutions Commission, 1995-1999
* Chairman of Audit Committee, Australian Financial Institutions Commission, 1996-1999
* Member of the Board of the Financial Institutions Commission of NSW, 1997-1999 * Chairman of the Audit Committee of the Financial Institutions Commission of NSW, 1997-1999
(The Financial Institutions Commission of New South Wales was the body responsible for supervising the activities of Credit Unions, Building Societies, Friendly Societies and Co-operative Housing Societies in NSW. Its responsibilities were absorbed into the Australian Prudential Regulation Authority in 2000.)
Professor Valentine has consulted to the Law Reform Commission on Bankruptcy and Managed Investments, was a consultant to the Royal Commission into the State Bank of South Australia as well as a Senior Advisor to the Campbell Committee of Inquiry into the Australian banking system that led to the deregulation of the financial sector. *source: Rainmaker Information 2005 Annual Dealer Survey March 2006
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