Let’s hear from Tyson Roberts, our Managing Director who has been leading Vista Financial Group since 2018. With a rich background in financial advice and a track record of success in corporate management, Tyson strives to ensure our group delivers best-of-class financial solutions for our clients.

‍What achievements has Vista Financial Group had in 2024 so far?

We were fortunate to win The Count Financial Firm of the Year Award in February 2024 which is a direct reflection of our team’s dedication to excellence and client experience. We have also welcomed Aimee Taylor, a Financial Adviser with over ten years’ experience, into our Beaumaris office.

What’s planned for Vista Financial Group in the lead up to end of Financial Year?

We have entered our most active time of the year working toward June 30, so plenty of client strategy work has continued. We will also be opening a new location in mid-May 2024. This expansion will include an experienced adviser joining the team, along with additional support. Stay tuned for more on this in coming weeks.

We also have some exciting developments in the investment space, with new portfolios set to launch soon, which is something I am looking forward to sharing with our clients.

What’s sentiment like with clients at the moment?

Overall, clients have been really pleased with strong returns on their investments due to favourable market conditions – despite a return to volatility recently.

Many clients are looking to optimise their cash holdings, both personally and within super - including self-managed superannuation funds (SMSFs) - to generate a higher rate of return for the long term.

What challenges are you seeing with clients at the moment?

Victorian investment property owners are concerned about the introduction of a land tax by the Victorian Government which is impacting returns on property. This has resulted in some clients re-visiting their investment strategy.

Additionally, proposed changes to tax larger superannuation balances above $3 million, including taxing unrealised capital gains, may prompt clients to revisit their strategies and structures.

In particular for the younger generation, those with debt are experiencing a tightening of cashflow due to the increase in interest rates from historical lows. The majority had fixed rates for two to three year terms and have been gradually coming off the fixed term over the past 12 months. It’s important these clients are having their rate reviewed by Shane Moloney (Mortgage Broker) to ensure it remains competitive and they aren’t paying more than necessary.

Any parting comments?

Thanks for reading this far down!