ABOUT KILLARA WEALTH
Welcome and thank you for your interest. I’m Tony Richard-Preston, Principal Adviser & Managing Director of Killara Wealth.
Killara is the aboriginal word for ‘permanent’. Killara Wealth is the firm I established to provide genuine, professional fee for service advice to clients. At Killara Wealth you can be assured you will be dealing with and receiving advice directly from myself as your professional adviser. Consider me a permanent and reliable source of financial advice in a constantly changing financial services landscape.
PRIVATELY OWNED & OPERATED
Killara Wealth is privately owned (not by a bank, super fund, life company or other product provider). There is no alignment to any financial institution, no vertical integration with product providers and there are no sales targets. These attributes plus a fee for service approach ensures solutions are delivered to clients that are in their best interest without unnecessary conflicts of interest.
My fee for service approach to advice means that commissions are either turned off wherever possible or alternatively, used to offset the fee for service cost of advice.
I have over 22 years’ experience in providing comprehensive financial and investment advice to clients. Additionally, I have held senior roles in financial planning, life insurance and investment management. During my career I have managed multi billion dollar institutional equity portfolios, established three financial advice businesses in the industry fund and profit-to-members sector and launched a life insurance advice business.
My areas of specialty are broad and reflective of my extensive experience and education. My practice focuses on providing advice to professionals such as lawyers, accountants, executives, senior public servants and ADF personnel (those with membership of government or military defined benefit schemes).
My experience in superannuation and financial planning is complemented by my strong analytical skills and comprehensive understanding of investment and financial markets garnered from eight years directly managing equity portfolios in excess of $3 billion for industry superannuation funds. This experience provided me with invaluable insights into investing and has equipped me to apply disciplined rigour in portfolio construction, manager selection and ongoing management of client investment portfolios.
TAX, SUPERANNUATION & LIFE INSURANCE
I have provided advice to clients in the areas of tax, life insurance and superannuation since 1998. I focus on the development and implementation of long-term strategies ensuring assets are structured appropriately, lifestyles and loved ones are protected and superannuation is maximised to achieve the retirement income and other objectives of clients.
DEFINED BENEFIT SUPERANNUATION
I have been advising clients on defined benefit superannuation schemes for the last 20 years. In 2012 I successfully established then led the Commonwealth Superannuation Corporation’s financial planning advice service for members for a period of four years. I am an expert on the CSS, PSS, DFRDB and MilitarySuper schemes.
Bachelor of Laws
Bachelor of Commerce (Accounting, Banking & Finance)
Master of Laws (Corporate, Commercial & Taxation)
Advanced Diploma of Financial Planning
Certificate IV Finance & Mortgage Broking
FFin – Fellow of the Financial Services Institute of Australasia
AFP® – Member of Financial Planning Association of Australia
MAICD – Member of the Australian Institute of Company Directors
FBAA – Accredited Member of the Finance Brokers Association of Australia
100% POSITIVE | 5 STAR AVERAGE on AdviserRatings.com.au
"I am a partner in a legal practice that was undergoing a restructure. I engaged Tony to help me understand what this meant for my cash-flow, tax position as well as the implications for my family trust and superannuation. At the same time, my partner and I were starting a family and we wanted to make sure insurance was in place to protect our future and that of our child. Tony took the time..."
"I was concerned about the decisions I needed to make retiring after 40+ years in the workforce. I found Tony to be pleasant, interested, approachable and very knowledgeable about investments, taxation, superannuation and risk. He was not "pushy" and presented the information and options to me in a concise and logical way. Option were well researched and risks explained clearly. Tony's aft.."
"I wanted to establish some share investments for excess cash I was holding. Tony explained to me a range of options available. He was excellent at breaking down the pros and cons of different strategies, including tax considerations and market risks. I ended investing in a low-cost portfolio of managed funds that are easy to manage for me and I am very happy with the outcome. Tony was a..."
"Tony is the first financial adviser I’ve had and he has been so helpful and patient. He has explained everything to me so clearly that I feel confident to trust in the plans and advice he has given me. He consistently made himself available to answer any questions I had."
"Tony has given us advice in areas including retirement, investment and estate planning. Tony was always able to explain things to us in a clear way. Through Tony's knowledge and experience, we feel confident that the advice given was right for my needs. Tony was responsive, courteous and helpful."
"I was with the Australian Federal Police for 34 years and was a member of the Commonwealth Superannuation Scheme (CSS). I recently needed some complex calculations performed to determine my CSS benefits comparing age retirement to redundancy. Tony was able to provide me with this analysis taking into account historical and future payments along with a detailed explanation of the methodologies used. If you require sophisticated calculations of your CSS benefits, talk to Tony."
"I was recently promoted to Partner at my law firm. I engaged Tony to put together a strategy to help me save for my future goals including a house as well as maximise the tax benefits I could achieve from superannuation and the first home super saver scheme. Tony provided me with a comprehensive financial plan covering my life and income protection insurance needs, superannuation, family trust investments and employee share plan. He also provided me with a detailed cashflow, tax and capital projections that we can use to track progress towards achieving my goals. If you’re a lawyer who needs financial advice I recommend meeting with Tony."
Sue, 56 - 65 years, Concord West, NSW
"Tony was very helpful with my retirement planning needs, advising me on my superannuation and providing me with detailed scenario options to help me decide what would work best for me transitioning into retirement."
To arrange a complimentary 15 minute discussion on how I can help you secure and manage your financial future please, contact me.