At Tonkin Financial, we understand the challenges, opportunities and priorities that are specific to the medical profession. Over the past 30 years, we have helped hundreds of Auckland doctors and medical professionals employed by District Health Boards in the Greater Auckland area, to maximise their investment potential, protect their wealth and stay on track with retirement aspirations and plans.
Financial planning that evolves with you. Our quality financial solutions are focused entirely on your needs; tailored to your individual circumstances and evolving as your needs change. In our book, getting to know you and what you want to achieve is the most important aspect of our service. Followed closely of course by expert advice - from the outset when we implement your agreed financial plan, and over the longer term to track progress.
At Tonkin Financial, we’re committed to developing long-term client relationships and delivering outstanding service. We believe - strongly - that financial advice is an ongoing relationship: it starts with sound, tailored advice for our clients' needs, but continues over the longer term with guidance as needs and goals change.
We specialise in providing financial advice to medical professionals employed by District Health Boards in the Greater Auckland region. Over the past 30 years we have developed extensive understanding as to how we can best support the financial advice needs of medical professionals, and provide high quality advice for their financial life and plans.
Financial advice provides many benefits, as relevant to the needs of individual clients. But perhaps the common benefit experienced by those who seek financial advice is this: it is an opportunity to take the time to discuss in-depth your financial life and circumstances with an expert; an opportunity to take stock of where you are, what you want to achieve, any challenges, and solutions you are looking for.
Financial advice is not solely about 'product' - i.e. types of investments, types of insurance etc - rather it is about accessing the knowledge of an experienced professional who can apply their expertise to your individual circumstances and aspirations, and make well-informed recommendations for your financial life.
A good retirement plan is an essential step towards achieving the lifestyle you aspire to for your post-work life, helping ensure a comfortable and secure future.
The goal is to create a durable income stream that you can live on by: (1) determining your future spending needs; (2) investing in a diverse range of assets, appropriate for your time horizon and risk profile; (3) paying off debt, particularly the mortgage.
We can help you devise a savings and investing strategy that balances your tolerance for risk with your short and long-term goals.
From our initial meeting to ongoing reviews, we always put your goals front and centre.
We start our discovery process with a handy Fact Finder questionnaire. This assists us in gathering the information we need to understand your current ‘financial picture’: where you’re at, what your pain points are, and the goals you have in mind.
With our Scope of Service defined, we arrange an initial meeting with you. This is an opportunity for us to delve deeper into your current circumstances, and start outlining a plan and a timeline appropriate to your goals.
Once you’re happy with our recommendations, we walk you through the implementation phase. This is the point where your financial plan becomes actionable and measurable. Over time, we’ll help you keep on top of progress, by reviewing your situation regularly and monitoring the results.
To get the conversation started, please feel free to email us at firstname.lastname@example.org or give a call on 09 308 2412. We look forward to assisting you.
Depending on the types of service we provide, we might receive a commission fee from the provider, or charge clients an hourly rate.
We usually get a commission fee for our advice on DHB Superannuation, KiwiSaver and insurance. For broader financial planning or advice on lump-sum investment plans, we may either charge clients an hourly rate of $200 per hour or a one-off fee, based on the client’s requirements.
We will discuss the fee rates with you in an open manner during our initial meeting.
Lump-sum investing can be part of your overall investment strategy, alongside other investment options.
Typically, this approach is suitable for investors who have a significant sum of money, readily available for long-term investment. Timed right and with a reasonable timeframe, lump-sum investments can yield comparatively higher returns than a regular payment investment plan.
As an example, if you invested $20,000 ten years ago, today you'd likely be better off than someone who contributed the same amount ($20,000) but did so in smaller amounts as a regular investment plan, rather than as an initial lump sum, over the same 10-year period. The success of the lump-sum strategy depends on what the market is doing, as well as when the lump sum is invested and when it is needed.