Knowledge Centre

06 Feb 2015

Campbell Financial Knowledge Centre


At Campbell Financial Group, we believe in our client’s financial wellbeing and their understanding of financial concepts. We understand that the financial industry is full of jargon and concepts that can be difficult for people to get their head around or remember. There is also constant change, whether it is tax, super of the investment world.

We provide a large and up to date resource for our clients to explore and grow their knowledge of money matters. We understand that money can be a dry subject, so our Financial Knowledge Centre also has some more light hearted material and videos. We also have a great library of animated videos that explain some complex financial aspects in a simple visual manner.

Our comprehensive online resource enables our clients to explore at their own pace. The features of our Financial Knowledge Centre currently include learning modules, articles, videos, life events, quizzes, jargon busters, financial calculators, downloads and regular competitions. 

Our objective is to help our clients become more confident with their money and make better financial decisions, coupled with our advice. Which will in turn decrease stress around money and increase peace of mind. Knowing more about particular subjects can make people more confident.

 We add new content on a monthly basis. If you are a current client you can login into our Financial Knowledge Centre at the link below. If you are not a current client and would like to explore our Financial Knowledge Centre, we have left some content open for you to view. So you are welcome to come through and read a few articles or watch a few videos.

If you wish to enquire about our Financial Knowledge Centre or our service that we provide to clients, please do not hesitate to contact us.

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16 Jan 2014

From Edplan to Campbell Financial Group
– launching a new era

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The faces of Edplan – “the Campbell’s” – have established their own company, Campbell Financial Group, to continue servicing the teacher profession’s financial planning needs, as well as offering their trusted experience and skills to other clients seeking sound and measured financial advice. Phil and Joel explain how they are looking forward to offering the best of the past with some exciting new products and opportunities to grow their clients’ wealth…

Why have you established Campbell Financial Group?
Phil: Joel and I wanted to continue providing financial advice to the NSW public teaching profession and the retirees from that area. We were not interested in deviating across over market segments. There is a saying “don’t bite off more than you can chew”. Over the last 3 decades, we have built up a tremendous relationship with the teaching profession and we want to continue this, while also expanding our services to others with similar financial backgrounds and requirements.
Joel: We will continue in an even stronger more dedicated and efficient way, the best way forward for our clients and future clients.

Is the teaching profession very different in terms of its need for financial advice?
Phil: Everyone should get qualified financial advice, and at the earliest possible time, because it can make such a vast difference to their lifestyle both during their working life and into retirement. The teaching profession does have specific characteristics where expertise in the area can really make a difference, and that’s what we have concentrated on building over the past 25 years. Specific areas such as salary packaging and superannuation can offer substantial benefits to teachers, but I think it is also because we understand and relate to teachers so well.

The teaching profession’s conditions have changed considerably since I first started out, with many of the longer-term teachers part of defined super funds, which effectively produced a pension on retirement. Younger teachers are part of the newer superannuation system, and with the levels of compulsory contributions set to increase even further from the current 9.25%, it can mean that teachers can accumulate in excess of $200,000 after 20 years working, and they want to ensure that this money is working hard for them to fund their ongoing lifestyle as well as providing a comfortable retirement income.

Have teachers’ attitude to financial planning changed over the years?
Phil: Undoubtedly. The level of compulsory superannuation today has ensured that, but even more so, people’s financial literacy and understanding has improved significantly, so the idea of just letting finances drift until a crisis hits is no longer accepted. I remember a principal coming to me one day and saying that he was earning more than another principal and yet his financial position was worse off than his friend, and he asked me why that could be so? I answered quite simply “He’s been with me for 23 years and you’ve been with me for five”. There’s no magic formula, the sooner you put your finances in the hands of a professional, the sooner you can start maximising your income. This can be through better financial products, salary packaging and sacrificing, adopting the best taxation measures and overall better financial management.

Are you diversifying your client base?
Joel: Our client base is overwhelmingly based around the teaching profession, but over the years teachers have referred their partners and friends, so part of our business is made up of this and we continue to receive referrals from our clients. Our clients have been especially referring their adult children to us as they have wanted their children to get financial advice earlier if life than they had so they can make a difference to their financial future while they have time on their side.
There are many professions – particularly in the public service – that have similar characteristics to the teaching profession, and these people appreciate the fact that we are all about the long-term. It’s all about building relationships, understanding each of our clients’ specific needs, and offering expert advice without any pressure.

Are you diversifying your client base?
Phil: The fundamental basis of our business is Joel and I. That’s the front line but lets not forget the importance of a highly qualified support staff that we have. We have built relationships over a long period and our clients know they can ring us personally. That’s important because when our clients sign on to Campbell Financial Group they are really signing up “the Campbell’s”, as we’ve become known. We have a very down-to-earth style and that applies to the accountants, solicitors and mortgage brokers we use. It’s like a small, close family, and that’s always been a key strength of our business and will continue to be. We offer a full range of financial services from investment strategies to estate planning. We take a holistic approach to financial planning, because all the elements play a part, it’s far more than just suggesting particular products.
This does mean that we won’t take on anyone as a client. We have specialties in particular areas and if a person comes to see us and we don’t have the speciality in the areas they need we will refer them to colleagues who do.

Can you explain the financial strategies that you favour for your clients?
Phil: Every client is different, but teachers have specific pay conditions that we are very familiar with. We emphasise the need and benefits of salary sacrificing, but even before that stage we work very closely to determine whether each client is making the most of their income. Our clients will come to us and say that it is difficult to take anything more out of their salary to put into super, even though they know they should be doing that. But Joel and I generally find many areas where savings can be made. It’s a bit like a doctor, you have to know the state of health of a client before you can prescribe for the future. So we get their current finances in order and then look at providing a financial strategy that will meet their objectives. We favour conservative, proven products, with an emphasis on managed funds, fixed interest and strategies that provide the best tax benefits.