What it means to be part of the Paradigm Group family
Benefit from a long-term relationship with your wealth partner
Inspired by a need to make a difference, Paradigm Group was founded in 2003 by Patrick Nalty and James Mirams. It grew out of a vision to provide transparent advice and give clients more control over their wealth management decisions. Our team works together to provide a premium service to high net worth clients across asset management, wealth advisory, and SMSF consulting.
Our focus is on you and creating long-lasting relationships. Experience has shown that mutually respectful partnerships are vital to a successful advice and implementation process. And this may lead to better results for you. We understand that gaining your trust may take time, so we work at this in all our interactions.
Our success is anchored in our privately-owned status because it offers significant benefits to you. Ultimately, it means our decisions aren’t influenced or impacted by third parties such as banks. We are a fee for service business who has upfront fee discussions. Our Australian Financial Services Licence (AFSL No. 232 459) allows us the freedom to create client-driven advice and portfolio management solutions.
Get to know Paradigm Group
Our guiding principles
Integrity
We act honestly without exception and hold ourselves to the highest ethical standard. We always put your best interests first.
Passion
Passion is ingrained in our culture and it’s what keeps us moving forward. Passion has the power to transform experiences for those around us.
Agility
We’re not willing to sit still or accept the status quo. We’re always learning and evolving so we can pivot any time it’s necessary.
Partnership
We work together with colleagues and clients to build strong and successful long-term relationships based on mutual trust and respect.
Melbourne CBD location
We’re centrally located in Melbourne, but we look after clients Australia-wide. We also have a majority ownership in an Adelaide based business, Advantage One.
Paradigm Group’s core beliefs
Our most important role is to be your private wealth partner. We create conversations that matter and have an uncompromising focus on you. As life evolves, we help you anticipate the highlights and challenges and we’ve got your back every step of the way. We understand the complexities that arise when you combine wealth, family, and emotions. But we also know that family is everything, and this is reflected in all our actions.
We’ll be your eyes and ears in the markets, so you can be informed about changes that affect you. And through our educational based approach, you’ll find your wealth journey becoming clearer.
You won’t find service like ours anywhere else.
We acknowledge that historically the financial services industry has had more than a few cowboys, but we’re sure the Hayne Royal Commission is on the right track to ensure you get the absolute right advice, every time. We want you to join with us as we continue to differentiate ourselves from standard wealth management businesses.
Our Advisors are highly educated and are selected after an extensive due diligence process. They’re on our team because of their experience and their commitment to serve you.
Our clients are the essence of our business, and we’re proud that more than 40% of them have been with us for over 16 years. Right from our very first year in business.
And every day we also welcome new clients who want to do better, and who want to be better. The ones who are serious about growth but haven’t found the right wealth management partner who can meet the challenge. Until now.
Join us, it’ll be worth it.
Patrick Nalty
Managing Director
FAQ
What’s the difference between financial planning and wealth management?
Financial planning primarily considers an individual’s current financial situation and a plan is developed with investment and risk management recommendations. Wealth management is typically for individuals and families who require a more comprehensive approach. It will usually include in-depth planning and recommendations for aspects such as investment strategies, estate planning, retirement investing, and personal and business personal management.
Why is it important to seek professional advice?
Professional advice can have a significant impact on financial outcomes. A professional Wealth Advisor has appropriate qualifications, knowledge, and experience to understand your personal circumstances, and provide recommendations and advice that will help you build your wealth, manage investments, plan for your retirement, and protect your family and assets.
What does a Wealth Advisor do?
A Wealth Advisor develops a comprehensive wealth management plan that includes strategies to build your wealth over the long term, plan for your retirement, and reduce your financial exposure or risk. They do this by working in partnership with you to fully understand your needs in order to provide recommendations.
How does your advice process work?
We focus on building relationships at the Paradigm Group, so we start the advice process with a conversation. It’s all about getting to know each other so we can develop the mutual trust and respect that’s needed to make relationships work. Through a series of questions and discussions, we’ll seek to understand your current circumstances and where you want to be in the future. We’ll discuss your business and personal goals, and plans for your retirement. From this we develop a comprehensive plan as a guide for your wealth management journey with us. We help with the implementation process and keep communication lines open to assess and review your plan as things change.
Is a self-managed super fund (SMSF) right for me?
There are several things to consider when deciding if an SMSF is right for you.
- Do you want to take control of your investments and spend time developing an investment strategy and then making investment decisions?
- Do you want to be held personally liable for all the decisions made by the fund?
- Would you like to be able to invest in residential or commercial property through your super fund?
- Have you considered the costs of setting up an SMSF and the ongoing fees to other professionals?
I have decided that an SMSF is definitely for me. But where do I start?
To start a new SMSF, there are a number of important steps you need to take. The first step is to take advantage of our complimentary initial consultation and contact our SMSF specialists to ask any questions you have about the process. If you decide to proceed, our team will guide you through the process of setting up a new SMSF, which includes:
- Establish trust deed for the fund
- Registration of the fund via the ATO and ASIC
- Set up a new ABN and TFN for your fund
- Open a bank account
- Develop an investment strategy
- Rollover existing superannuation benefits
- Start your new investment plan
Our SMSF specialists can make this all happen for you. Our full end-to-end service takes the administrative headache away from you, so you may focus on more important things.
What are the benefits of Paradigm Group managing your investments?
We treat clients like family, and we welcome you to experience the difference we offer. Our service is relationship-focused and always in your best interest. That’s why we also champion innovation in the options we offer our clients. We have the ability to manage investments in-house with our PMAS service. This means you may invest in a portfolio that is flexible and responsive to market conditions. Adjustments are made by our independent Investment Committee who also manage the objectives, rules and controls of the portfolio models to ensure an optimal outcome.
What is your fee structure?
Paradigm Group delivers advice on a fee for service basis. Your initial meeting with us is complimentary. We believe in fee transparency, so we’ll provide a written quote upfront for services you need. Our fees are based on the complexity of work undertaken. We’ll invoice you once the advice has been provided, or in a series of instalments along the way, depending on the circumstances of the engagement. Where you elect to receive ongoing advice and services, a fee will be charged at periodic intervals under a client services agreement.
Why is insurance important in my wealth management plan?
Life involves risk. You can’t always prevent injury, illness or accidents from happening. However, having insurance may help to protect you, your family or your business if the unthinkable were to happen. To offset the risk of these unexpected events, it’s important to ensure you have adequate insurance coverage as part of your overall wealth management plan. Personal insurance gives you the opportunity to put plans in place for a variety of unfortunate situations. It gives you peace of mind that you’ll have a financial safety net or sufficient wealth to maintain your standard of living, or to assist your family.
Why should I review my existing insurance policies?
Over time your needs, wants, goals, and personal or financial circumstances may change. That’s why it’s important to review your existing insurance policies on a regular basis. This is done to ensure the level of cover you hold is still suitable for your particular circumstances. By regularly reviewing your cover, you can make certain that you and your family won’t be left financially exposed should the unexpected occur.
If you're an existing client with a Macquarie Cash account. We often get asked “I’ve received a SMS text message, what does it mean?"
Macquarie Bank are notifying clients of any transactions that occur on your account. If you would like to opt out of receiving these notifications, please contact Macquarie directly on 1800 808 508.
How can I check my super, investment or pension balance ?
- If you have access to the Paradigm Managed Account website, click here.
- If you have access to the Paradigm Wealth Advisors portal, click here.
- If you have access to the SMSF portal, click here.
- If you are not sure on your password, hit the password reset button to create a new one.
I need to reset my password. Can you do this?
Yes, you don’t need to call us and these can be reset 24 hours a day. Log into your account and near your email address hit the ‘forgot password’ button. You’ll be able to register a new password and login from there. For example, if you have a Colonial First state account click here.
I’d like to change or update my pension payments. How do I do this?
Please email your advisor directly with your request and we will arrange for this to be processed or be in touch if we cannot action it directly.
I'd like to organise an appointment with my adviser. What should I do?
Great, what would you like to discuss? Please click here to book a meeting or email reception@paradigmgroup.
Can you provide me with my Annual Tax Statement?
Paradigm Managed Account tax statement are available from the Managed Accounts Login portal. Once logged in, click Reporting (left hand menu) and then Periodic Reporting. Select Tax Report and the financial year you require.
I would like to withdraw funds from my super/pension/investment, can you please help me?
Yes we can. You can email, call us or also do it yourself by logging directly into your account to transact. Please have in mind specifically the dollar amount you wish to withdraw, the bank account or investment portfolio will then
What does COVID-19 mean for my super portfolio?
We invest across a balanced range of options. You can check your up to date online balances via the web portal to see how it’s doing. If you’d like to make a change or speak with one of your advisers, please feel free to get in touch.
Interested in joining our team?
Do you want to be a part of a friendly, cohesive team that’s focused on building long-term client relationships and making a difference? We’re always on the lookout for those special one-percenters. We’d love you to join us.
