IT'S increasingly common to hear of farming families grappling with how to retire comfortably and hand the farm over to the next generation.
Succession and estate planning in a family farming business can be a complex balance of the needs and wants of the "retiring" generation compared to those of the next.
A long, multi-generational family history, sitting on large assets with a low and variable return, often with family members at different ages, only adds to the complexity.
Increasingly, farming families are building a portfolio of Australian shares alongside the farming assets, providing flexibility that may help grow the family legacy.
This provides the farming business with diversified assets and income, offsetting some of the risks that can come with farming.
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Like a good agronomist helping with varieties and chemical selection, a good team of advisors can assist with share selection, portfolio, and risk management to maximize returns above the average.
iInvest specializes in carefully crafted strategies to help achieve objectives through good times and bad.
With clients all over rural Australia, our advisors regularly visit regional centres throughout North Victoria and Southern NSW.
"Being easily accessible to our clients has been central to building strong relationships, and now, with an office in Beechworth Victoria, it's a little easier," says Gavin Hanlon, State Manager Victoria.
"Our clients have a dedicated advisor who is part of a highly experienced team."
iInvest has over 50 collective years of experience in investing in companies on the ASX, taking the worry out of investing for you. For an initial appointment, please call 1300 213 447.
iInvest Trading & Advisory Pty Ltd (Authorised Representative # 431611 of Zodiac Securities Pty Ltd AFSL # 398350)
