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Is it a good idea to buy now, pay later?

Buy now, pay later schemes are on the rise. These schemes allow consumers to buy something – anything from new shoes, homeware or to flights – without paying for it upfront. Instead, the cost of the items is spread across 4 to 6 weeks, with the client committed to make regular repayments. Sounds good, right? However, if you look at the big picture, you can see that you are still taking on debt and that there are penalties if you don’t pay in time. What’s the appeal? First and foremost is...

February 12, 2019

The inside life of an adviser

Being an adviser isn’t just about providing financial advice to people. Sometimes you may also be required to be a relationship counselor, a mediator, or a friend. Other times you may need to explain medical terms to your clients. In the financial planning space, things are changing constantly so advisers attend trainings and talks regularly to provide the best service we can to our clients. Beyond financial advice An experienced adviser would have gone through basic medical training, to bette...

February 4, 2019

Did you get a gift card from Santa?

Gift cards are widely available these days - from retailers to supermarkets and petrol stations, you have an array of option for gifting. One of the best things of giving them as presents is that they are as good as cash for the person that receives it. Some carda, like Prezzy cards, are issued by Visa so they can be even used for online purchases. Gift cards can make for a good present, right? Well, only if you remember to use them before their expiry date. “Consumer NZ says that 24 per cent...

January 16, 2019

Apex Office Holiday Hours

Our office will be closed this holiday season from December 22nd to January 14th 2019. Here's how you can reach us during this period: If your request is urgent, please call your insurance, mortgage or investment provider directly –AIA, AMP, Asteron, Consilium, Fidelity, Partners Life, Sovereign, Select Wealth Management, SynergyYou can contact your adviser – visit Our People page for more informationCall our office on 0800 500 510 for non-urgent queri...

December 19, 2018

Transferring money internationally - are you getting the best rate?

Whether you have emigrated to New Zealand, have relatives living overseas, have worked overseas or have an investment overseas, chances are that at some stage you will need to transfer money internationally. Many people go straight to the bank, but we are finding our clients are saving money by going through foreign exchange provider XE.According to the team at XE, there are a couple of considerations to take into account when it comes to converting currency and sending or receiving cross-b...

December 5, 2018

Auckland Walk Challenge

Apex is participating in the Auckland Walk Challenge for the first time this year. Teams are challenging themselves to walk the virtual length of New Zealand, all the way from Cape Reinga to Bluff by achieving the daily step goal of 7000 steps during the month of November. There are 992 groups participating in the challenge Auckland wide. We formed 4 different groups within Apex and at the time of publishing, we had achieved a total of 2,337,631 steps! As an organization, we believe in the impor...

November 19, 2018

Stop trying to time the market! You are missing out

Here at Apex we like working with clients to help them achieve their goals and make better calls. A big part of that is preparing for retirement. Our clients know what kind of ‘golden years’ they want to enjoy, and they have a plan. However, when we experience market volatility, like we did in October, some clients still call us asking if they should sell. Or if our client is sitting on a sum of money which they plan on investing, they want to avoid investing just before the market crashes. ...

November 14, 2018

The lowdown on KiwiBuild

KiwiBuild is certainly a hot topic at the moment among the media, politicians, and first home buyers. But what exactly is it, and could it be an opportunity to help you, or someone you know, into your first home? What is KiwiBuild KiwiBuild is a government programme designed to create 100,000 quality and affordable homes for first home buyers by 2028.  The government guarantees to purchase affordable homes at price caps (maximum $650,000), which encourages developers to build the affordab...

November 13, 2018

Your 5-minute guide to managing Christmas costs

The tinsel is out at The Warehouse and chocolate Santas are in stock at Farmers (yes, already!) which can mean only one thing: Christmas and all its festive cheer - and financial strain - is just around the corner.  Somehow, Christmas always manages to sneak up on us, even though it comes around at the same time every year! As a result, the way Kiwis usually fund the festive season is on our credit cards. Reserve Bank data shows we ticked up almost 7-point-3 billion dollars on our cred...

November 7, 2018

Baby boomers, are you cancelling your cover too early?

New Zealand had the second largest rate of workforce participation of people aged 65 or over in the OECD. Every year, Kiwis’ life expectancy increases by about a month. We are all living longer than ever before and many people are working past retirement age – sometimes out of necessity, sometimes because they enjoy what they do. Whatever the reason, retiring at 65 is no longer “the dream” nowadays as we potentially have 30 odd more years to live. A lot of our financial advisers work wit...

November 1, 2018

Self-Employed? You probably aren't getting the most out of ACC

You've filed your annual return, budgeted for provisional tax and are looking forward to your 18/19 financial year when suddenly you receive a little white envelope in the post. ACC have sent you their annual love letter. If you're lucky, and depending on your income and occupation, this will be to the tune of around $2,500 (I have seen significantly higher). Unfortunately, most people forward this onto their accountant and pay it without thinking about what they are getting in return. If you ar...

October 16, 2018

Investing in your mental health

We’re halfway through Mental Health Awareness Week, and a record number of Kiwis have already taken part in this global movement. From an interactive mural painting in Dunedin, to a kaumātua-led hikoi to the summit of Matukutureia and a nationwide Wellbeing Photo Challenge supported by Nikon and Shakti Mat, it is encouraging to see more and more people stepping up and stepping out to talk about this social stigma. In 2017, over $9.5 million in Mental Health Claims were paid out by just one in...

October 11, 2018

This is Doris' story

Apex clients have received more than $24 million in claim payments from insurance companies in the last year. Doris was one of these clients that had the right insurance in place at the right time. In 2015, Doris met with her adviser Will Leang to update her insurance. At the time, Will recommended she take out Progressive Care. Progressive Care is a new Severity based type trauma insurance by Sovereign, which can pay out more than once and for a wider range of illnesses. Benefit payments are li...

October 3, 2018

Blue September

Blue September is the Prostate Cancer Foundation's National Awareness Campaign. Every year around 3,000 men are diagnosed with prostate cancer in New Zealand and more than 600 will die. That’s about the same number as women who die from breast cancer. The good news is that early detection can significantly reduce the risk of death from prostate cancer. Mostly, men don’t know how dangerous this disease is – patients don’t talk to their doctor about it, doctors don’t talk to patients abo...

September 25, 2018

It’s finally spring – is it time to change homes?

As the days get longer, the birds start chirping, and the weather improves, we predictably start to feel more positive and optimistic. We start feeling like summer is just around the corner. For many people, the new season is often a trigger for buying or selling property. If you don’t start early enough, you won’t be in by Christmas Bringing your property up to its sparkling best for sale, can take longer than you think.  You may need to: top up your mortgage to cover the cost of work ...

September 20, 2018

World Suicide Prevention Day

Today is World Suicide Prevention Day, an annual initiative of the International Association for Suicide Prevention. The organisation says around the world more than 800,000 people die by suicide every year. That's about one person every 40 seconds. Globally, it's the 15th leading cause of death, accounting for 1.4 per cent of all deaths. In New Zealand, the number of suicides continues to climb. Provisional statistics released by the Chief Coroner last month show 668 people died by suicide...

September 10, 2018

Economic Update - September 2018

The world economy remains strong and the near-term outlook is fairly bright, despite the recent escalation in trade tensions. Global growth is robust as major economies continue in mature phases of an extended economic expansion. United StatesThe unemployment rate of 4% is near an 18-year low and the US economy has added jobs every month over the past 93 months, which is the longest consecutive stretch on record. The tax cuts and additional spending are estimated to contribute nearly 2% of GDP p...

September 4, 2018

Money Week 2018

Sorted Money Week is a public awareness campaign aimed at empowering New Zealanders to manage their personal finances. Now in its seventh year, Money Week 2018 will shine the spotlight on financial resilience. This year we aim to help New Zealanders focus their attention on how they would weather a financial shock, and more importantly - how quickly they can bounce back if it were to happen to them.Click here to visit the Money Week website for events, resources and ideas....

September 3, 2018

Dear future-me, I’m thinking of you today

In preparing for battle I have always found that plans are useless, but planning is indispensable. Dwight D. Eisenhower In today’s world, we are bombarded with messages of the now. Everyday life moves quickly and everything is readily at our fingertips, literally. You’ve probably heard the popular message to “live in the moment”. Also called mindfulness, it’s a state of intentional attention on the present. Human beings are also hard-wired as optimists, both neuroscience and social sc...

August 14, 2018

This is Duncan's story

When Duncan met with Will Leang, his Apex adviser, in 2016 his main concern was his insurance premiums going up. Duncan was in his 50s and had a number of different policies with different providers. Some policies he had signed up for from his work, others through another adviser. Only a few of those policies were serviced by Apex. “I wouldn’t say what I had could be considered a proper plan, but I did have insurance in place”, says Duncan. When Will went over their needs analysis he uncov...

August 13, 2018

The Mortgage “Sleep Test”: Do you pass?

The word ‘debt’ can conjure up some negative feelings, like sleepless nights and loan sharks. Of course there’s also what is known as ‘good debt’ – debt which is an investment, with the intention it will grow in value or generate income. Generally, home loans and student loans are considered ‘good debt’ for this reason. Average household debt levels in New Zealand (comprising mortgages, consumer loans such as credit cards and personal loans, and student loans) have grown tenfold...

August 8, 2018

What happens to my money (or debt) when I die?

by Diana Clement - NZ Herald What happens to your money (or debt) when you die?The short answer is if you have very little to your name, an uncomplicated life, and you have a will, the money goes to whomever you choose. That could be your children, partner, next-door neighbour, or even to charities such as the SPCA or Red Cross. The long answer is full of buts. No Will If you die "intestate", which means without a will, your money doesn't necessarily all go to your spouse, partner or children.T...

August 2, 2018

Just doing some home renos, why do I need insurance?

Over time there is a good chance that at your home or commercial building you may want to renovate or extend, dress things up or make it bigger. That shouldn’t be an issue should it? Well that depends on the work.  If you are having a repaint done or new carpet laid, not a problem. If however there is anything structural being done or invasive into the structure (think say installation of a new kitchen which requires new plumbing or electrical work) you need to know that this is not cover...

July 30, 2018

Has anything changed?

Are you buying a property, having a child or changing jobs? Maybe you already have? Take a moment to think back over the last year. Consider any major changes you and your family may have experienced and then watch this video....

July 25, 2018

The rules to break to get rich

In today’s blog post we want to share an article recently published in the NZ Herald. In this piece Susie Moore tells us that there are some rules that need to be broken to earn serious dollars. Susie Moore is an Australian high-performance coach, consultant and author based in New York. She's been featured on the Today show, Forbes, Oprah.com and more. Moore goes through some of the myths she thinks should be re-interpreted to get rich. For example, if you think letting your achievements spea...

July 17, 2018 Posts 1-25 of 207 | Page next
 

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