A note from Pinnacle…

30 June is looming and it’s hard to believe we are fast approaching a new financial year… June is now upon us and the dreary winter months are here!

The 2023 outlook has certainly lived up to its initial predictions, with inflation, interest-rate increases and cost of living pressures all continuing to be major driving factors.

Unfortunately the rollercoaster ride continues with the surge in living costs, housing pressures for renters and concerns for mortgage holders if the RBA continue to lift interest rates – resulting in further pain and another hit to the hip pocket. However for investors, ‘cash is king’ and investing back into term deposits is now a viable option. The drama over the US debt ceiling and the worry that the US Treasury may run out of cash, has affected local markets and the Australian dollar.

In an attempt to share some positive news for us consumers and the avid wine connoisseur, I’m discovering wine suppliers are offloading some great quality wine for extremely affordable prices… what a great way to kick off winter and to top up your cellar!

 

What’s happening at Pinnacle!

The first part of this year has been business as usual for us at Pinnacle, however it is with sadness to share that one of our own, Matthew Anderson is currently experiencing some ongoing health issues – this currently requires some personal time away from the office to undergo ongoing treatment. Matthew has an amazing positive attitude and so far treatment is progressing without any significant side-affects – early days, but positive news. Whilst we have continual contact with Matthew, his presence in the office is certainly missed. We look forward to Matthew being back to full health again and back in the office sharing his words of wisdom, or knowledge of useless facts ‘aka’ Mr Google! He is certainly appreciative by all the well wishes he has received.

We have been teasing you with the introduction to our new Client Portal. Developing new systems can take time and unfortunately is taking longer than first expected, however we need to ensure that all of our testing is going to plan to avoid problems once rolled out. With cybersecurity issues continually on the rise, we’re pleased that the client portal has functionality for multi-factor authentication. A welcomed feature, certainly in the current times we are living in.

As 30 June is fast approaching, we have included a few articles on super contribution reminders and important cut-off dates, tax tips and some super strategies to take advantage of, if this is applicable to you. Any pressing questions regarding strategies for this current financial year, we encourage you to contact your advisor as soon as possible to avoid disappointment with cut-off times.

Financial year 2024 here we come!

Chris Launer

Chris Launer – Principal

“Pinnacle always provides an excellent service. [My Advisor] has provided outstanding support to my two daughters and I since the death of my husband in August 2020. I would be happy to recommend this service to others.”
Margaret NRetired
“The Pinnacle team has guided the management of our financial circumstances for over 20 years, successfully navigating at least 3 significant economic cycles. Services have been rendered with total integrity and focus on our personal aspirations. During this time we have greatly appreciated the extension of PWM resources to assist a number of family members responding to particular situations along their personal lives' journeys.
Trevor & Carolyn CConsultants
“Pinnacle Wealth Management, who most importantly created a sound financial future for our comfortable retirement, go way beyond being a financial advisor, providing support to us and our children, as their needs have changed, at a strongly personable level. Their client focus is exemplary.”
Barry TRetired Accountant
“We have been Pinnacle clients for many years and have always found their advice to be considered relevant. The administration team is professional, courteous and timely. No hesitation in recommending the Pinnacle Team.”
Damien WRetired Head of Commercial Banking
“A friend recommended Pinnacle Wealth Management to me, having worked with them on his mother's behalf for many years. I'm so grateful to him - my Financial Advisor is brilliant, totally approachable, not as I'd imagined! I now have much greater clarity about financial management and greater peace of mind. For my money, they're the best financial planners in Adelaide.”
Jackie HCommunications Consultant
 “We are long term friends of [Pinnacle Wealth Management] having been clients since its inception. We have appreciated the professional advice and also the care and friendliness of [our advisor] and staff."
Ian WRetired
"We have been clients at [Pinnacle Wealth Management] for about 20 years. It has been a very enjoyable and profitable time for us. We have been safely steered through the GFC, both our retirements and various other major events that have shaped the nature of financial planning in our world. Through the entire time we have been delighted with the care and careful management of our funds through the leadership of [our now retired advisor] and the friendly and efficient support of all the ancillary staff. He has become a personal friend as well as the person whom we trust implicitly to handle our portfolio and to give us sage and pertinent advice on many areas of our concern. We will miss his presence but we are sure that he has chosen well with [our new advisor], and we look forward to forging a similar relationship with him.'"
Ray & Lyn HRetired
"We have been clients of [Pinnacle Wealth Management] since the inception of the business, about 20 years ago. Overall, we have been very pleased with the long-term handling of our financial affairs, the financial strategy implemented and the regular reviews to make sure we remain on track to achieve our goals. This includes regular informative communications. It has been great to receive sound advice and personalised service, tailored to our needs, covering many different tasks. When an emergency occurred, the excellent and swift service we received from the staff [at Pinnacle] was greatly appreciated. We wholeheartedly recommend [Pinnacle Wealth Management] as a Financial Adviser."
Kelvin & Melanie TConsultant
"My association with [my advisor] began many years ago, with a requirement to diversify my portfolio from bricks and mortar to Australian and International equities. At that time [my advisor] worked for another financial services business. I had no hesitation in following [my advisor] to Pinnacle. [My advisor] has the qualifications, but it is his experience and guidance that have been the founding safeguard for my family and I throughout the varying market conditions. [My advisors] expertise and guidance throughout the years has provided us in achieving our goals along with our family needs. His innovation and tailored strategies have kept us on track in reaching our desired endgame.
Tony SMaintenance
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Words by Jacqui