Pharmacy Professionals
Our Expertise
For over twenty years we have been acquiring and maintaining highly specialised knowledge and experience in your field. So we understand that pharmacists have distinct needs.
Your profession is subject to a stringent regulatory framework and pharmacists face greater corporate governance requirements than any other profession. Additionally, managing a retail outlet under the umbrella of the Pharmaceutical Guild and the PBS obviously brings its own added challenges.
Grimsey's global approach to your personal and professional financial affairs means that we can offer expertise anywhere and everywhere it's needed, at every stage of your life, from employee to business owner to retiree.
Obviously, pharmacists agree with us because we have more independent pharmacies as clients than any other financial services firm in Melbourne.
Our Approach
In addition to our unparalleled expertise; our practice ethos is unique:
- We are driven by forward thinking and future planning. We identify opportunities and risk; we analyse options; we make recommendations; and then, most importantly, we make things happen! In short, we don't simply advise you on your financial affairs; we proactively coach you through every opportunity to maximize wealth creation and minimize risk.
- We understand the heavy time constraints on owner-pharmacists and strive to accommodate them. Don't be surprised to find your first appointment made with a partner, at your premises, and at a time convenient to you. Unheard of? Well, not at Grimsey. We don't just promise excellence in service; we deliver.
- We intentionally remain a medium sized firm, so as to ensure that every Grimsey client receives personalized, hands on service; access to the highest levels of expertise in any area, whenever required; and prompt attention/turnaround at all times.
Our Services
Naturally, we can help with all the financial services typically required by high net worth individuals, including:
- Corporate governance, encompassing asset structuring to limit liability and maximize return, as well as everything from regulatory compliance to bookkeeping and payroll services.
- Income Tax, and using the taxation system to build wealth.
- Financial planning, superannuation and investments.
- Estate planning & business succession.
- Financing (personal & professional) and debt management.
- Protection, life insurance, income & asset protection.
Additionally, our expertise enables us to offer financial services of particular value specifically to pharmacists:
- Newly graduated?
You may think income tax is the only financial matter you need to consider at this point but consider, for instance, the importance of managing your HECS debt. The time to start developing and implementing wealth creation strategies is right now. Visit our Graduates page to find our more.
- Business acquisition
Our many years of specialization have enabled us to build up strategic alliances with key players in the industry. We can link you to financial brokers, outside the banking sector, that specialize in financing retail pharmacies. Our intimate knowledge of the industry, existing outlets, market value and businesses coming on to the market, or likely to, can all help to ensure that your business acquisition is a seamless and financially rewarding process.
- Business planning & development
We can provide ongoing support and mentoring to help you grow your business. This could take the form of feasibility reports for prospective purchases; profitability analysis of an existing outlet or particular areas of operation; coaching in managing stock and cash flow – the list is as comprehensive as your needs at any given point.
- Competitive edge
As a Grimsey client you will find yourself beneficially connected to a vast network of independent pharmacies. For instance, we have helped like minded clients come together to create buying groups, enabling them to match the purchasing power of the larger retail chains. We have also been the facilitating force behind many successful partnerships, being well placed to introduce pharmacists who might complement each other in terms of resources and goals. And when it comes to business acquisition, our network of contacts places you on the inside track:
- Administrative services
We commonly oversee routine bookkeeping and payroll functions, workcover compliance, etc. for time deprived owner-pharmacists. Alternatively, if you prefer to attend to these functions internally, we are also happy to coach clients in Quick Books and MYOB.
Our comprehensive expertise and approach have been purposively developed and are directed toward one goal: to free you to focus on what you do best, confident in the knowledge that your financial affairs are in safe and expert hands.
We invite you to experience the Grimsey difference by contacting us to make an appointment at your convenience.
