creating wealth through understanding

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Money Mechanics is licensed to provide financial services advice through
PATRON Financial Services Pty Ltd trading as PATRON Financial Advice.
ABN 32 307 788 137 AFSL No 307379

Introducing Money Mechanics

We are specialist financial life planners in the areas of self managed super funds, public sector superannuation, wealth creation, salary sacrifice, gearing strategies, estate and risk management planning.

Our financial life planning approach brings together technical expertise and the human touch to create a solution tailored towards your overall life goals.

We have a unique fee for service advice menu so you can choose how we work together based on a fixed hourly rate. We choose to not take upfront or ongoing commission on financial products, which provides clients with a greater understanding of what fees they are paying and what they are paying for.

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Our People

Money Mechanics has a team of innovative, compassionate and experienced professionals.

Scott Malcolm
Director and Financial Strategist

Photo of Scott MalcolmScott has been in the financial services industry since 2000 and prior to starting Money Mechanics was senior financial planner for another national firm. Scott is an Authorised Representative (ASIC No. 262368) of PATRON Financial Advice AFSL 307379.

In 2005 he became the first Registered Life Planner (RLP) in Australia with The Kinder Institute of Life Planning, after completing the EVOKE training program in the United States and a 12 month mentorship program. In 2009 he completed training with The Money Coaching Institute and is interested in learning all he can about the Life Planning methodology and the psychology around people's relationship with money.

Scott is a Self Managed Super Fund Specialist Advisor (SSA) with the Self Managed Super Fund Professionals Association of Australia (SPAA) and has been lecturing at the Canberra Institute of Technology (CIT) on Financial Planning and Money topics since 2007.

Ellen Torpy
Client Services Manager

Photo of Ellen TorpyEllen is based in the Patron Adviser Support (PAS) Team at the Parramatta office and is the dedicated Client Services Manager for Scott Malcolm and the clients of Money Mechanics.

Ellen’s role is to assist Scott with the day-to-day client administration within the business and to ensure the smooth running of the back office processes.

Ellen commenced her career in the financial services industry in 2007 after completing a Bachelor of Business and Commerce. Prior to joining PATRON Financial Advice Ellen has worked for AXA Australia in their Business Development Team and was Case Manager for a successful Risk and Superannuation Adviser. She is PS146 compliant in Life Insurance and is currently studying the Diploma of Financial Planning.

Financial Life Planning

Financial life planning brings together technical expertise and the human touch to create a solution tailored towards your overall life goals. We help create your vision for life and look at any obstacles that may get in the way of achieving your overall goals.

Our process starts with understanding where you have come from with regards to your habits, attitudes and relationship to money. We invite clients to engage with a number of tools to uncover their unconscious patterns and behaviours around money. Click on the link to complete Your Money Archetypes Quiz. Your money archetypes are not your personality or “who you are”, but are symbolic metaphors that help us to understand your patterns and behaviors. Simply stated, they show us “where we are” so that we can become aware of, and change our unconscious behaviors. Archetypes are powerful “teachers” and “allies” since they inform us of areas we need to grow.

The Money Mechanics philosophy is to work in conjunction with you and any of your other professional advisers (which may include your accountant, estate planning specialist, risk specialist). This collaboration ensures we address your needs though the most appropriate mechanisms and explore, develop and tailor an appropriate strategic solution.

One-off strategic advice - this may be as simple as a meeting between you and Money Mechanics. (More complex requirements may be covered in two or more meetings involving you, Money Mechanics and/or your other advisers).

Ongoing strategic advice – this service entails regular reviews of your life goals and financial strategies to ensure they are focused on achieving your desired outcomes.

Our focus is always the same, to allow you to feel empowered and in control of your financial matters with minimum worry.

Superannuation

Superannuation is a taxation strategy to provide a lifetime retirement and investment solution. Your superannuation plan could include many aspects including retail, industry, public sector defined benefits or accumulation plans and self managed superannuation funds (SMSF).

Each type of superannuation plan has its advantages, disadvantages and different strategy options. Money Mechanics can assist you in developing an appropriate superannuation plan to suit your needs.

This may include an investment strategy to protect and build your wealth within superannuation, including technical taxation strategies and tailored self managed superannuation fund strategies.

Wealth Creation

Creating wealth for a financial goal can be as simple as constructing a short-term saving plan for a proposed holiday or a deposit on the purchase of your first home. Too more complex goals like early repayment of a mortgage.

Money Mechanics can assist you in planning for these events and tailor an appropriate solution in a tax effective manner. A comprehensive wealth creation plan may include strategies focusing on:

  • Salary sacrifice
  • Borrowing to invest into property or shares
  • Regular savings
  • Capital protection
  • Alternative products
  • Taxation management

Back Up Plan

Having a back up plan is an important aspect when it comes to planning for your life and the unexpected events. Your back up plan includes the areas of estate planning and risk management planning or insurance.

A properly considered back up plan involves the following aspects:

  • Your Will: is the central part of any estate plan. It sets out how you want your assets to be distributed.
  • Power of Attorney: operates in circumstances before death where you may be suffering from either a temporary or permanent legal disability and are unable to make decisions for yourself.
  • Testamentary Trust: can be used in conjunction with a will to provide for ongoing control of your assets after death. It may be used when there is a concern that the assets are at risk particularly important for blended families, divorce or legal proceedings involving your children.
  • Your Risk Management Plan: General and life insurances are important for you and your family if the worst happens. Lump sum or income replacement insurances can provide for you or your family if the worst happens and is a crucial part of your overall back up plan if you do not have enough asset to self insure.

It isn’t nice to go to the topic of death, disability or loss however it is important to have the discussion with your family members, partner and professional advisers.

Money Mechanics can assist you in planning for the unexpected so you can get on with the good things in life.

Education

Money Mechanics believes in the value of education and financial literacy. There is an array of jargon in the financial world and we aim to demystify this through conducting regular education programs.

These Money Mechanics courses are run through various adult education programs and are also available for the workplace, industry groups or as a family seminar series. Money Mechanics can tailor these courses to your particular needs.

Money Mechanics has a range of E-books available, including informative publications covering:

  • Budgeting
  • Borrowing to invest into property or shares
  • Cash-flow and debt management
  • Investments 101
  • Demystifying superannuation
  • Estate planning
  • Charitable trusts