Our Services

Minimise tax while maximising your financial position.

At OMG Financial Services we will help you maximise your financial position while making sure you are not paying unnecessary tax.

Unlike most accountants we take a pro-active approach and believe strategic tax planning is far more important than just lodging a tax return or completing a BAS. This involves structuring advice, tax planning, business process outsourcing, salary packaging and advice around many other tax considerations.

No matter where you are in your medical professional career, whether you are starting out as an intern or a specialist running your own practice, OMG Financial Services is here to support you. We offer:

• Effective tax structuring
• Preparation of tax returns
• Preparation of business and installment activity statements
• Preparation of annual financial accounts
• Cash flow management and budgeting advice
• Salary packaging strategies

When you have just begun employment for the first time after graduating, the last thing you need to worry about is Salary Packaging and how or what to complete in order to get it up and running. OMG Financial Services will assist and guide you through creating a salary packaging strategy tailored to your personal situation and circumstances.

• PAYG tax liability analysis
• Budgeting

To find out how OMG Financial Services can make your life easier please contact us today.

Lighten the load of running your business.

We understand as a busy medical professional that you are very time poor. Our mission is to ease the pressure of running your business or practice by lightening the load.

As a client of OMG Financial Services, you have access to a wide range of solutions for your business, consultancy services, access to premium business executives, medical associations/networks and a wide variety of subject matter experts within key business needs.

We have the resources, skill and expertise to assist you in your business and personal needs. These include:

• Practice/Business structuring
• Mergers and Acquisitions
• Sales and marketing
• Technology solutions
• Book keeping management
• Data management
• Travel solutions
• Travel expense management
• Human resource recruitment and management
• Legal services
• Accounting outsourcing
• Processes and procedures

Succession Planning

One of the most important aspects of running a successful practice/business is having a plan that allows you to step away from it seamlessly, when the time is right. We will work with you to develop a succession strategy that delivers the results that you want with minimal impact on the practice/business or your lifestyle.

Due Diligence

Whether you are buying a practice/business or merging with another practice/business, our advisory team can cast an expert eye over the structure and financial details. A detailed due diligence process will give you peace of mind that you have covered all bases and you are well informed before proceeding to settlement.

• Structuring
• Budgeting
• Business Planning
• Compliance
• Cashflow management
• Profitability analysis
• Practice acquisition

To find out how OMG Financial Services can make your life easier please contact us today.

Don’t risk what you worked so hard to build

OMG Financial Services provides a bespoke wealth management service which is specifically designed for specialists who have already built significant wealth. This service encompasses portfolio management across all asset classes including residential property as well as unique investment options available via our global wealth management contacts.

We understand that your needs are unique and varied and as such, so are your investment options. OMG Financial Services are able to help you structure and deliver investments that are not typically available to retail investors.

We work with you to create a tailor-made strategy that reflects your needs and objectives, timeframe, risk attitude and investment preferences. We will provide you with unique and innovative solutions, structuring, investment opportunities and technical expertise.

OMG Financial Services can help you in the following areas:

• Strategy development
• Risk management
• Asset protection
• Tax minimisation
• Bespoke investment creation

In addition to our comprehensive service we also offer the following options.

Execution only

This option is most suited for High Net Worth specialists who know what they want to do, but seek our help in the execution of transactions and ongoing portfolio management of this executed investment.

Limited advice

The scope of this service is determined by you. You may have a specific need or issue, such as restructuring or managing your portfolio or simply establishing suitable levels of insurance and seek our recommendations on the right products and strategies. We will consider your personal circumstances, but only within the context of the specific need.

To see how OMG Financial Services can help you with your wealth management needs please contact us.

Strategy first

OMG Financial Services believes that financial planning is a holistic advice process which covers all areas of your finances and not just your super and insurances. When provided holistically, financial planning will provide you with guidance and support across your entire personal and business financial life including:

• Wealth Creation
• Wealth Protection
• Direct Property Investing
• Investing in Shares
• Superannuation Advice
• Mortgage and Debt Structuring
• Risk Reduction Strategies
• Estate Planning

Financial planning should not be a process which solely focuses on managed fund investing, either inside or outside of the superannuation environment. Unfortunately however the typical financial planning company in Australia isn’t equipped to provide a truly holistic advice service, which ultimately provides a limited result for their clients.

As a financial planning client of OMG Financial Services, we will help you develop a holistic strategy which covers all areas of your finances. The result; you can live a life with greater freedom and choice knowing that your entire financial situation has been considered and just as importantly, effectively planned. OMG Financial Services is able to provide this comprehensive service because we have structured our business a little differently than the average financial planning company in Australia.

Our approach to the financial planning process is unique in that we first help you identify your appropriate strategy before investing into any specific product. We call this ‘Needs Based Planning’ because it focuses on your needs as an investor and not a prescribed asset allocation or risk-profiling model, as seen across other financial planning companies around Australia.

Finally, we believe that clients who understand how the wealth creation process works are far more successful in achieving their wealth creation goals. To help you become truly financially successful we will take you through an education process which covers all areas of your finances allowing you to make better informed investment decisions.

No matter your age or current financial position OMG Financial Services can help tailor a financial strategy to suit your unique goals and objectives.

To see how OMG Financial Services can help you please contact us and we will contact you shortly to arrange a time to catch up.

Proactively protecting your position

Having a strong legal foundation is fundamental in creating and protecting your wealth. Whether it is to execute the purchase of a practice, finalising your Estate Plan or to simply purchase a property, the legal team at OMG Financial Services can help.

It is critical that you have a solicitor that understands not only your needs but how they apply to the law. At OMG Financial Services we make it easy for our clients to have their legal needs looked after. Including, but not limited to.

• Wills
• Asset protection
• Structuring
• Buy/Sell agreements
• Commercial property and leasing
• Contract advice
• Conveyancing

To see how OMG Financial Services can help you secure your funding objective please contact us today.

Enhance the performance of your practice

You and your practice are inextricably joined and one cannot perform without the other. OMG Financial Services understands how important it is to build a quality brand that personifies who you are and what you stand for. More importantly we know how to turn this into a brand which your patients can trust and rely upon your speciality.

OMG Financial Services will help you unlock the quality of your service offering and can then implement a step by step plan so that you can build a better business for you and your patients.

Specifically we can support you to:

• Identify and develop your brand
• Develop marketing strategies and implement them
• Create web based marketing and lead generation tools
• Position your brand
• Develop your website
• Build your Social Media profile

If you want a true, scalable business which can thrive without you clocking up patient hours then you need to speak to OMG Financial Services. Not only can we help you build a longer term business plan to achieve this but we can also help you in the short term to reduce the time you spend each week on non-clinical duties such as IT, HR and Marketing.

The result is that you can unshackle yourself from your business to spend more time with the ones you love, doing the things you love.

To see how OMG Financial Services can support you in taking your business to the next level please contact us.

Protect yourself against life’s unforseen situations.

Significant financial burden can be placed on families and businesses due to a death, critical illness or disability. Protecting not only yourself but your family against these events is crucial. Obtaining professional advice from OMG Financial Services is the key to identifying the appropriate insurance needs for your current situation.

Being independently licensed we can help you arrange insurances through the industry’s leading providers of:

• Income Protection
• Critical Illness cover
• Total and Permanent Disability
• Life Insurance
• Business Expense insurance
• Key Person Insurance

To see how OMG Financial Services can help protect you and your family contact us now.