Paul Bottele was recently named SMSF Investment Strategist of the Year at the NSW SMSF Accounting Awards. Paul is a partner in HLB Wollongong’s Wealth Management division. We recently spoke to him about the win as well as his recommendations for investments in 2018.
What do you think differentiates you and the Wollongong team from other financial advisors?
Myself as well as a number of the other wealth management advisors at HLB have a background in business advisory and accounting. We believe much of our success is due to the fact that we are not just focused on investments but rather on advisory. This broad skillset allows us to provide specialised advice to clients in the areas of taxation, superannuation and investments. We become one point of call for the client.
In Wollongong, we have also developed a private wealth division. This is suited to qualified high net worth individuals who wish to have control on their investment portfolio and be part of the decision making process. We have been very fortunate to be able to partner with exclusive and high quality investment managers to deliver above average investment returns.
What do you enjoy most about your work?
I like being considered a sounding board for clients as well as being a key person in their financial decision making. We take the approach of partnering with the client rather than just managing their investments. Our approach is flexible and bespoke. Which means more work for us but delivers better outcomes for the client. No approach is the same. It is a feature of how we do things.
What are your recommendations for investors in the new year?
We recommend a defensive approach for 2018. We have been fortunate to have a long run of good returns but we need to consolidate for the year ahead. Our focus next year will be protecting our clients’ portfolios and the gains they have made. In saying that, we will take on opportunities as they arise, after careful due diligence. Lastly, when seeking advice, find an advisor who has got ‘skin in the game.’ Make sure you and your advisor’s interests are aligned.