Take control of your future now!
Fast track your financial freedom
Services
Our services focus on tailored advice and strategies instead of products.
Retirement Planning
It doesn't mean stop working!
Retirement means you do not need to work for money, have the financial resources to live with the lifestyle you like. Who doesn't want to reach that stage earlier? With tailored advice, you can fast track your retirement goals by maximizing the return of your retirement assets per your investment style, in a tax effective manner.
Superannuation Advice
Almost 10% of your salary goes there every year!
We have a body check yearly to ensure our health is on the right check but when was your last time had a health check for your Super Fund? If you think it is not important then think twice as most of us are having almost 10% of our salary going there every year. It is important to at least ensure:
- Fees are reasonable;
- Investment options are tailored to your investment style;
- Insurance in Super are adequately protecting you.
Personal Insurance
What's your plan B for you and your family?
Think about the major changes in the last 10 years in your life. I think you would agree that our lives are full of challenges and uncertainties. While we all need to stay positive and face those challenges, we do hit rock bottom sometimes. Having appropriate personal insurance in place gives you a peace of mind and let you and your family get back on track faster.
Business Insurance
Not only your business, but also your passion
Being a business owner like you, we understand your business is also your passion. Sometimes we are so busy to notice that our business has already grown so much but we still have the basic cover being renewed from day one. Chances are, you will have a shock at claim time. Having a tailored cover in place for your business can give you a peace of mind and focus on your business and your passion.
Private Wealth Management
Fast track your financial goals.
It is a good start to establish your budget and set a saving target. We all save money for a reason, from holidays to your first home, or simply save up for rainy days. With the current historically low interest rate, your savings are hardly catching up with inflation, which means your purchasing power are diminishing. With proper risk management and investment strategies, we can assist you fast track your financial and lifestyle goals.
Estate Planning
Legacy for your next generation
It is more than just having a valid will, beneficiary nomination in your super fund. It is also important to ensure your hard-earned assets will be passed on to your loved ones at the right time, with the right splits, in a tax-effective manner.
About wealth factor
founded by Derek Woo
About Derek Woo, founder of Wealth Factor
In 2003, Derek arrived Australia as an international student. All he had was his suitcase, some cash and a bank cheque to provide for his first year expenses.
Being alone in a new country, Derek understood the importance of setting goals and planning ahead.
In the 15 years, Derek has achieved the highest qualification of financial planning. In 2018, Derek has achieved his financial/lifestyle goals, i.e. be a self-employed financial planner and be more involved in community works as an interpreter (Cantonese and English)
With everything else the same, people already achieved their financial freedom tend to be happier than those who are still struggle with their bills and worried about their future. Derek believes Financial Planning is also bringing happiness to people.
Why Wealth Factor?
- As many small business owners, I rely on your words of mouth therefore your satisfaction is our no. 1 priority.
- No restrictions about product and service providers, ensuring advice is tailored to your circumstances
- Flexible time and location, from webinar, home visit to prime CBD meeting rooms.
Professional qualification
- Certified Financial Planner, CFP®
- Registered Tax Adviser
- Bachelor of Commerce (Accounting and Finance)
Experience
- 18 years experience in financial planning
- 2 years experience in Private Banking
- 10 years experience in Industry Super Funds as registered advisers
- 16 years experience as a registered adviser
When we are advising & dealing in Financial Planning Products we are acting as:
The Trustee for Cheung and Woo Family Trust t/as Wealth Factor Pty Ltd
ABN: 21 776 981 690 | ACN 621 790 396 | AFSL 506390General Insurance
We cover your home, motor vehicle and business insurance as well
When we are advising & dealing in General Insurance Products we are acting as:
Pang Kwong Woo t/as Wealth Factor GI (AR 464994) | ABN: 53 423 875 806
Authorised Representatives of Community Broker Network Pty Ltd | ACN 096 916 184 | AFSL 233750What you need to know/ Download here:
A small tagline
Drop Us A Note
Don't be afraid to reach out. You + us = awesome.
Suite 8.04/ 100 William Street Woolloomooloo NSW 2011042 1870 388