The Best Defined Benefits Super Financial Planners in Canberra

Financial planner

Who are the best defined benefits super financial planners in Canberra? Photo: File.

When you can retire and how much money you need to be comfortable are key issues for a secure financial future. In Canberra, research has shown that more people would rather die than run out of money in retirement.

The path to financial security isn’t always clear, no matter what stage of life you’re at. This is why it’s important to seek advice and support from a professional specialising in creating, growing and protecting wealth. For many this includes demystifying and keeping on top of changes to Defined Benefit Superannuation (DBS) schemes such as the Commonwealth Superannuation Scheme (CSS) and the Public Sector Superannuation Scheme (PSS).

In this article, we’ll outline the qualities to consider when choosing a quality financial planner who has deep knowledge on both CSS and PSS defined benefits.

What makes a great defined benefits super financial planner?

Choosing the right DBS financial planner can help map out a road to retirement and take the stress out of what can be a worrying experience for those who aren’t money experts. This includes heading in the right direction with and maximising your CSS and PSS.

It can be helpful to keep the following in mind when choosing a DBS financial planner.

  • Qualified. You’ll want a financial planner who is university qualified, an expert in the field and one who complies with the Financial Adviser and Ethics Authority Code of Ethics (a requirement for all financial advisers from 1 January 2020). You’ll also want to make sure they specialise in Defined Benefits Super schemes.
  • Communications. The financial world is complex so it’s important to choose a financial planner who can explain options and pathways to you in plain language so you’re clear on and confident about future steps.
  • Big picture advice. For a better financial future, you’ll want a DBS financial planner who provides holistic, big-picture advice, to give you peace of mind. Securing a happy retirement is multi-faceted.
  • Collaborative approach. You’ll want a financial planner who can work collaboratively with the other players involved in your financial future, to streamline matters and get the most from the overall advice you’re getting. Other players could include your accountant, insurance provider, solicitor and even real estate agent.
  • Fees. You’ll want to ask your DBS financial planner about their fees and may feel you want to check the fees of a couple of planners to compare and feel comfortable you’re getting value-for-money.

The best defined benefits super financial planners in Canberra

RiotACT’s editorial team has combed through 20 years of on-site comments to compile a list of the most recommended businesses according to you.

To be listed in our Best of Canberra series, each business needs to have consistently received positive feedback on RiotACT and Facebook as well as maintaining a minimum average of 4/5 stars on Google.

Nest Advisory Group

Nest Advisory Group

Nest Advisory Group helps clients design and implement short and long-term plans to create, grow and protect their wealth. Financial consultants help clients answer two questions – How much money do I need to retire? When can I do it?

Through expert, holistic advice, Nest Advisory Group supports clients to invest and diversify wealth across property, shares, managed investments, and other assets. Financial consultants have extensive knowledge working with the PSS and CSS.

Nest Advisory Group positions clients to achieve a better financial future by making smart and informed choices, armed with up-to-date market knowledge. This gives clients confidence and peace of mind. The team also supports clients to track progress towards goals and portfolio performance, providing meaningful ongoing advice and support along the way.

The suite of services provided by Nest Advisory Group includes retirement, superannuation, vehicle finance, insurance, mortgage broking, debt management, business planning and finances relating to major shifts in life including marriage and children, separation and divorce.

A point of difference with Nest Advisory Group is its dedication to building teams of professionals to support clients at all stages of life (personal or business). Teams can include experts such as a solicitor, accountant, bookkeeper, insurance broker and real estate agent.

Stu and Jen Logan wrote on Google, “… very professional and went over and beyond to help us with questions we had. Really friendly in their attitude, which helped with some of the complicated matters we were dealing with.”

Click here to make an appointment with Nest Advisory.

Level 4 / 15 Moore Street
Canberra ACT 2601

RSM Australia

RSM provides sound, practical and relevant financial advice to clients at all stages of life, focusing on building wealth. Financial services include self-managed superannuation, retirement planning, wealth accumulation, debt management and personal risk. The team at RSM specialises in superannuation strategies, including investment options, building strong relationships based on a deep understanding of what matters most to clients.

Boban Stojanovic wrote on Google, “Professional all the way.”

Green Associates

Green Associates is a leading charter financial planning practice that has been operating since 1989. It is one of a select number of businesses that has been awarded Certified Quality Advice Practice status by Charter Financial Planning. Green Associates provides quality advice on superannuation as a long-term investment, a growing asset and a way of saving money while lowering tax. This includes advice on employer contributions, salary sacrifice contributions and personal contributions.

On Facebook, Veronica Molloy wrote, “Happily recommend this thorough and professional service.”

Morgans Canberra

Morgans Canberra was established in 1998 and its team of financial advisers provide personalised service to clients with a team-based approach, which involves a financial planner, investment adviser and support staff. Team support includes advising clients on superannuation, self-managed super funds (administration and management), financial planning and retirement planning.

On Google, Ange Byron wrote, “The Morgan’s people … are efficient, really good at what they do and actually juggle things around to fit you in if it’s an emergency.”

See Clear Wealth Financial Planning

See Clear Wealth Financial Planning is a holistic financial planning firm, specialising in personal superannuation, government defined benefit schemes and insurance. With a combined 30 years of  experience in finance, the team supports clients in all phases of life, including retirement. Personalised service is key, with See Clear Wealth advisors happy to meet clients at a location and time of their choice.

On Facebook, Merrin Starr wrote, “Very knowledgeable and professional financial advisors …”

If you’re looking for more information on wealth management in Canberra, you might like our articles on the best financial planners, the best tax accountants and the best chartered accountants Canberra has to offer.

Your experience with defined benefits super financial planners in Canberra

Thanks to our commenters who have provided insightful feedback. If you believe we have got it wrong, please let us know.

Have you had experience with any of the Defined Benefits Super financial planners listed above? If so, share your feedback in the comments below.

Frequently Asked Questions

Do I really need a financial planner?
It’s best that you use a financial planner who knows about PSS and CSS – superannuation is somewhat complex and some find it challenging to understand. Also, you only have one shot at getting it right. The Commonwealth Superannuation Corporation is a great resource for general advice and explaining the rules of your scheme, but it doesn’t advise on the best option for you and how to maximise your benefits.
How do I get help from a financial planner?
First remember that it’s never too early or late to seek expert help from a financial planner. Book a complimentary appointment, even if it’s just to discuss your situation overall. You can then take it from there. Always remember that there are no “do-overs” when it comes to your defined benefit super.
How do I maximise my PSS and CSS benefits?
This is a good question and is one reason to talk to a financial planner specialising in PSS and CSS. It can be challenging to figure out exactly how super schemes work and the best way to access your benefits. Financial planners can help you understand your situation better and guide you on getting the most out of your PSS and CSS. Good financial planners also use technology to develop sound budget plans and generate different options for you.
What should I think about when claiming a defined benefit superannuation payment?
When thinking about how and when to claim a defined benefit superannuation payment, many think only of lump sum or guaranteed income. However, there’s much more to consider. Multiple factors are involved in deciding how to get the most out of your retirement which is why it’s beneficial to talk to a financial planner specialising in super. They’ll help you explore the trade-off between pension and lump sum. They’ll also help you understand how much money you need for what you want to do in retirement, whether you’ll have access to money for emergencies and how to reduce tax and more.
What is involved in a great financial planning service?
A great financial planner won’t rush matters and may want to meet you several times before tailoring a plan. They’ll need a lot of information first. With some financial planning services, you can upload information online before your initial appointment. This means getting the most out of your meeting. A great financial planner will be open and honest and outline all your options in plain language.

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