Sound financial planning for life after work.

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 Health New Zealand - Te Whatu Ora 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.

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 info@tonkinfinancial.co.nz or give a call on 09 308 2412. We look forward to assisting you.

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.

The reality is, when it comes to retirement, one size does not fit all. Everyone is different and has different needs. So the important thing is to define what works for you, and ensure you’re on track to get there.

Just to give you a ballpark figure to start from, assuming you’ll be entering retirement mortgage-free, you should aim to put aside roughly 25 times your annual expenses. This way, if you retire at 65, you’re likely to have all your annual outgoings covered until you turn 90.

Of course, this is merely a rule of thumb, but it gives you a starting point. The next step is to find what comfortable retirement means for you.

Yes, projections are a key component of our retirement planning process. Over time, we’ll check in with you to see how you’re tracking and provide up-to-date estimates of your funds come retirement age – both as a lump sum amount and as a monthly benefit.

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 +GST 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. 

Alongside Retirement Planning, we specialise in broader Wealth Management (including insurance and investment advice) and Lump-Sum Investment.

Wealth Management: From ensuring you are receiving the superannuation you are entitled to as a medical professional employed by Health New Zealand - Te Whatu Ora in the Greater Auckland region, to investment strategies and risk management through appropriate insurance options, at Tonkin Financial we can provide wealth creation and protection advice, for your individual needs. Find out more here.

Lump Sum Investment: If you have a financial windfall at hand, lump-sum investment can often be an effective tool to boost your wealth. At Tonkin Financial, we partner with ANZ's OneAnswer Portfolio Service, which provides access to an extensive range of investment options, including New Zealand and international equities, fixed interest and cash (including foreign currencies) and can assist you with your investment decisions and building your portfolio. Find out more here.