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Empower Wealth experiences?

Discussion in 'Property Experts' started by miked, 5th Aug, 2015.

  1. miked

    miked Well-Known Member

    Joined:
    1st Jul, 2015
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    Location:
    Melbourne
    We are considering using Empower Wealth for their property plan - in summary to give us a 40 year plan (taking into account kids etc) to get us to an early retirement, telling us what sort of properties to buy and when. http://empowerwealth.com.au/property-portfolio-plan/

    Does anyone have any experience with EW in general, or more specifically for this plan, with advice to share?

    Very short background on us (if it matters) - young couple with some equity, decent cash flow and plenty of years ahead
     
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  2. Pins

    Pins Well-Known Member

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    Location:
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    There are some positive comments on them if you do a search over on Somersoft
     
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  3. Arcticfire

    Arcticfire Well-Known Member

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    28th Jun, 2015
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    Location:
    Newcastle

    I've not had a plan made however I have used there mortgage broker Simon Gillespie - who was able to get me a better deal with my bank even though my private banker refused to give me a better deal

    Their CEO Ben Kingsly is the current chair of the Property Investment Professionals of Australia ( PIPA ) - which is a pretty reputable organisation
     
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  4. Tekoz

    Tekoz Well-Known Member

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    Not that I have heard of before. But as long as their name is not on the spruikers list or in Fair Trading, then it should be fine :D.

    let us know how you go and how much they're charging.
     
  5. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    Ben King sly posts on this forum.
    You could search for his posts or maybe PM him.
     
  6. Arcticfire

    Arcticfire Well-Known Member

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    Location:
    Newcastle
    I also like there podcast - " The Property Couch " - alot of useful info
     
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  7. Ben Kingsley

    Ben Kingsley Active Member

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    Melbourne
    Happy to be PM'd. For the record our business has advised on the current and future purchase of over $700m worth of property. I'd like to think our reputation, record, results and client feedback are what we are judged on.
     
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  8. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    From what i have seen I think they are pretty good at what they do.
     
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  9. RM1827

    RM1827 Well-Known Member

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    29th Jun, 2015
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    Location:
    Sydney
    Hi, we used Empower Wealth for our property plan and we are very happy with that decision.Their plan is very detailed and takes into consideration all your future big plans and have a conservative approach to the property market, meaning they take into consideration increase in interest rates, high vacancy periods etc. I think if you have a road map the trip is just easier.
    If you want to PM me and happy to answer more questions.
     
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  10. Vasa

    Vasa Member

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    Location:
    Sydney
    Hi, I like these guys as well. I have decided to book into the 1 hour complimentary discussion to see if they can add value to what I am trying to achieve. I have a financial background so don't need help budgeting or running spreadsheets but I'm no tax expert so when it comes down to whether I am better of making extra contributions to super and buying through a SMSF rather than personally or through a trust I think it pays to get expert advice. I will let everyone know how it goes.
     
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  11. Pipeclay

    Pipeclay Active Member

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    8th Aug, 2015
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    Location:
    Tasmania
    Has anyone purchased through them and had time to realise the results i.e. gains/losses? Service and communication may be fantastic but the end result is in the numbers.

    PS I do like their no BS approach in terms of property selection criteria.
     
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  12. TheSackedWiggle

    TheSackedWiggle Well-Known Member

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    Location:
    canberra
    Just googled Ben kingsley,
    it seems he helped India get their freedom, you can't go wrong with that :)

    upload_2015-8-15_21-32-15.png
     
    Last edited: 15th Aug, 2015
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  13. TheSackedWiggle

    TheSackedWiggle Well-Known Member

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    Location:
    canberra
    It keeps getting better for kingsley
    It seems in Canberra they offer "Better value - Awesome chips" ;)
    upload_2015-8-15_21-37-3.png
     
    Last edited: 15th Aug, 2015
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  14. Pipeclay

    Pipeclay Active Member

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    Location:
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    Vasa,

    How did your discussion/session with these guys go?
     
  15. blackenator

    blackenator Well-Known Member

    Joined:
    18th Jun, 2015
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    Location:
    sydney
    I have used their services and brokerage services for my last few purchases and can say they have been great. I have also used their buyers service. I cant say how the capital growth has been cause the purchase was just a few months ago so only time will tell but so far so good. Hope this helps
     
  16. Pipeclay

    Pipeclay Active Member

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    Posts:
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    Location:
    Tasmania
    Blackenator,

    Thanks for the info. Did they do a plan for you? If so what was it like/did it specify?

    Also what type of properties have they assisted you with.

    Kind regards

    Pipeclay
     
  17. Vasa

    Vasa Member

    Joined:
    31st Jul, 2015
    Posts:
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    Location:
    Sydney
    Pipeclay,

    I received a PM on the same subject so please find below my reply

    "I ended up having a call with one of their property portfolio planning guys when I originally thought I was going to be speaking to Ben Kingsley. Ben was unavailable because of a ill child and the guy that rang me couldn't really help with what I was after. After the call I decided to just bite the bullet and setup my SMSF with my current accountant but still considering using EW as a buyers agent in Victoria. As I have financial skills being a trained company accountant I can do all the budgeting and forward projection spreadsheets myself so don't want to pay for it. i would however if I didn't have those skills as it's important to understand what you can afford and to have a plan in place. Good luck."

    Cheers
     
  18. Pipeclay

    Pipeclay Active Member

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    Location:
    Tasmania
    Thanks Vasa
     
  19. blackenator

    blackenator Well-Known Member

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    Location:
    sydney
    I didn't get the financial plan I just used their BA service. The BA service was good and straight forward I had a budget and they looked for a property within my budget. I am pretty sure they have only specific areas that they target.
     
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  20. Jacque

    Jacque Buyers Agent and Bookworm, Sydney Business Member

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    Location:
    Sydney
    Good to know that they are also REBAA members.
     
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