James, a successful medical specialist based in Australia, had steadily built his wealth over a number of years. With a self-managed super fund (SMSF) and a diversified portfolio including commercial property, direct shares, managed funds, and ETFs, James had accumulated close to $5 million in assets.
Despite this success, he had grown increasingly dissatisfied with the performance of his investments, which were being overseen by a large financial institution. The returns were inconsistent, and he felt the level of engagement and service was far below what he required—particularly with retirement approaching.
James approached Lightbulb’s Family Investment Office seeking a more personalised, strategic approach to wealth management—one that would focus on aligning his portfolio with his goals for income, capital growth, and long-term capital preservation.
Goals
- Assess the performance of James’s existing SMSF investment portfolio.
- Enhance income generation while maintaining strong potential for capital growth.
- Preserve capital to ensure financial security through retirement.
- Improve the level of service and receive more proactive advice.
- Build a long-term relationship with a trusted advisory team.
Recommendations
- Conducted a detailed portfolio analysis, identifying underperforming assets and excessive concentration risks.
- Recommended rebalancing the SMSF portfolio to reduce exposure to low-yielding or stagnant investments.
- Introduced diversified strategies with a focus on quality income-generating assets, including listed infrastructure, high-quality fixed income, and select managed funds.
- Streamlined administration and reporting processes to reduce James’s time burden and improve oversight.
- Developed a transition-to-retirement strategy, incorporating tax-effective income streams and clear cash flow planning.
- Scheduled regular strategic reviews and implemented ongoing performance monitoring.
Outcomes
- James now has a more balanced, diversified portfolio aligned with his risk tolerance and long-term objectives.
- Increased confidence in his ability to meet retirement income needs, with greater clarity on financial projections.
- Reduced portfolio volatility and improved yield through high-quality, income-focused investments.
- Gained a trusted team of advisers who proactively manage his portfolio and respond to his evolving needs.
- Significantly improved engagement and satisfaction, knowing his wealth is being managed with care and precision.