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Information for Graduates
Graduates
Newly graduated or just about to? Congratulations! You are about to enter a profession that offers a personally rewarding and financially lucrative career. But high income earning power alone does not guarantee either.
You may think income tax is the only financial matter you need to worry about right now, and that you don't yet need professional expertise for this, but strategic, early financial planning can vastly alter your long term financial landscape and the lifestyle you hope to achieve.
Our Expertise
Guiding and teaching medical professionals to build real wealth is our specialty. For over twenty years we have been growing expertise, knowledge and networks, second to none, toward this.
In short, we know your industry inside out and can provide comprehensive expertise in every area of your personal and professional financial affairs, at every different phase of your career.
Our Approach
It is not just our expertise that sets us apart from our peers. Within our niche field, our approach to wealth building and service delivery are unique. Don't just take our word for it: our existing clients can take credit for generating more than 80% of all our new business, such is the volume of good word of mouth referrals we receive.
Here are just a few reasons why Grimsey is the obvious first choice for graduating medical, dental and pharmacy professionals:
- You will retain a financial coach for life, educating you in wealth creation and probing every area of your personal and professional life that might affect your net worth.
- You will benefit from the network of specialist contacts, strategic alliances and affiliations we have developed within your industry over the years.
- You will enjoy the flexibility of a firm geared to understand and accommodate the heavy constraints on your time.
- You will never feel like a faceless, nameless file, no matter how minimal or basic your requirements might be at any given time.
Our Services
These links will take you to the range of financial services we offer:
Alternatively, you can find out more about the industry specific services and assistance we can provide by following these links:
Understandably, new graduates typically first approach us solely for tax return preparation and lodgment. We could, like so many other firms, prepare your return, bill you and see you next financial year end, but we see this as an opportunity to begin coaching and guiding you on the path to wealth creation and financial security.
No, this doesn't mean fees you can't yet afford. When you retain us to prepare your taxation return, we take it upon ourselves, as part of our service and at no additional cost to you, to discuss your personal and professional financial affairs fully, from your family situation, to your career aspirations, to your short and long term financial goals, to superannuation and retirement planning.
And to ensure you understand the importance of co-ordinating your taxation, investment and financing needs and goals, at your request, we will arrange a brief, no fee consultation with a Financial Planner and a Mortgage Consultant as part of your first appointment.
So, yes, we can help you with the obvious, such as ensuring you:
- receive maximum deductibility on your taxation returns; and
- take full advantage of the generous salary sacrificing provisions in public hospitals.
We can also teach you about and help you to:
- Implement effective wealth building saving strategies now.
- Obtain that first loan, whether to start investing now, or simply to finance a car.
- Manage your HECS debt to your greatest advantage
- Invest directly in the share market with as little as $1,000.
Perhaps you weren't aware your future earnings can be borrowed against now, or of the wealth building potential of doing so? There are a few other things that you might not yet be thinking about, but that could impact significantly on your financial wellbeing in the future.
HELP
Have you considered, for instance, the potential impact of your HELP debt? With some medical degrees now exceeding six figure sums, the exponential increase that would occur if you took, say five years off for family reasons, and the CPI ran at 3-5% across that time, could be financially crippling. We can help you manage your HELP debt in the most strategically directed way available.
Direct share portfolios
The Grimsey Private Portfolio Service is a managed investment scheme we set up to give small investors direct access to the share market.
In the past, small investors were limited to cash or managed funds. This vehicle allows you to know exactly what you own at all times, whilst still having an expert choose what and when to buy and sell.
It is also cheaper. There are no entry or exit fees and management fees are typically lower than those charged by managed funds. Most portfolios are also 100% performance based, so unless managers outperform relevant share market indices, you pay no fees at all.
Career Development
Looking for employment? Our niche clientele of doctors, dentists and pharmacists, not to mention our close ties to the broader health community, means we often hear of vacancies as they arise. Check out our hot opportunities for postings of the latest graduate positions as they come to our attention.
Considering a specialty? We can advise you on the market value of various medical and dental specialties, which may help inform your choice.
We invite you to experience the Grimsey difference by contacting us to make an appointment at your convenience.
Students
First and foremost, if you want to fast track your transition from poor student to financial freedom, the best favor you can do yourself, at this stage, is to access knowledge - about wealth creation principles generally, and about career opportunities, pathways and potential pitfalls. We help students with both.
We stage annual mentor nights, to provide you with quality and comprehensive information about the industry you are entering, straight from the horse's mouth. Presided over by successful dental and pharmacy professionals, students can find out about:
- The benefits and pitfalls of running a practice or retail pharmacy
- Specialisation
- Public v. Private
- Hospital v. Retail
- Patient care and the provision of quality healthcare
- Future employment opportunities
Students often tell us these events offer invaluable networking opportunities, which may be currently intangible – a background support and resource stretching and expanding into the future; or may land you that dream vacation or graduate position right now, with medical professionals often attending to recruit.
Over the coming months, we will be further developing this service to make it more immediate and responsive by creating an online mentor forum. You will be able to log in anytime and email our mentor of the month with specific questions or for career advice generally. Watch this space!
Our niche clientele of doctors, dentists and pharmacists also uniquely places us to know of vacancies as they arise. Check out our hot opportunities for postings of the latest vacation and graduate positions as they come to our attention.
Go to our calendar to find out about upcoming Grimsey and industry events, or why not first check one out in our photo gallery – you'll see that we also believe business and fun can go hand in hand!
Student Sponsorship
Sponsorship is another way in which we make good on our commitment to your welfare and professional development, even as a student. Some of the organizations we currently sponsor include:
Melbourne Dental Students Society
Melbourne Dental Postgraduate Group
Monash Parkville Student Association
University of Melbourne Medical Students' Association
Viet Health
Victorian Pharmacy Cricket Team
If you would like to inquire, either about one off or ongoing sponsorship for your student organization, please contact us. Our Communications and Marketing Co-ordinator can provide helpful advice and liaison within our firm, and will welcome any suggestions you might have to help us improve and expand the services we offer to medical, dental and pharmacy students.