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Book a FREE consultation
and receive your complimentary eBook

Get started with a free strategy consultation and receive a copy of the Good Fortune Guide – written by James McFall, Managing Director Yield FP and 2020 National Finalist Certified Financial Planner of the Year to help educate you on your Financial Plan.

Creating a Comprehensive Financial Plan for a Specialist Surgeon & Business Owner

specialist surgeon and business owner

A Yield Client Case Study

Est. Improved position at age 90 by ~$781k

Bucket company strategy Est. Improved position by up to $200k

Reduced ongoing Insurance costs by up to $60k p.a.

Reduced ongoing Accounting and Audit cost by $4,098

Our clients are a high-net-worth couple who were considering a variety of significant changes through deciding on a comprehensive financial plan.

Their overarching financial goal was to achieve a smooth transition to retirement, that optimised financial outcomes for them.

They were not big believers in superannuation. They did have a financial planner when they met with us, but felt they were too focused on investments and the approach was very passive. 

Overview – Creating a Comprehensive Financial Plan

A high-earning surgeon and business owner couple had made a number of savvy business decisions and had investment interests in property and shares.

They also had multiple entities that increased complexity and opportunity in how we could help them.

In addition to assisting them to transition to retirement, they wanted us to consider whether they should retain their current home as an investment once they moved into a new home they were building.

Furthermore, they wanted us to review the viability of purchasing a second farm to expand their business, either as well or instead of retaining the existing family home.

Part of this also involved advice on how they could achieve a secure transition of retirement, considerate of their SMSF and various other structures.


To really help these clients, we carried out the following:

  • A detailed analysis of their current position to illustrate how they were tracking towards their goals and we overlaid multiple strategies to assist them to improve their position. This included calculations for 12 different scenarios.
  • We defined what was most important to them and helped to show them how they could reduce risk and be debt free, while enjoying substantially more than they will ever need to live their desired lifestyle.
  • We did a comprehensive insurance assessment to improve their cost of cover, because they felt they were over insured and had been receiving conflicting advice on how competitive their cover was compared to the market.
  • We provided a highly bespoke investment solution, which worked with what they were already doing and comfortable with and added to it with complimentary strategies that helped reduce risk in some instances and diversify. 


Given their strong income, we concluded that while they could probably afford to purchase the second farm and hold onto their current home, we recommended against it.

The reasoning being that our modelling showed that they did not need to take on additional risk to achieve their retirement objectives, but also the new house they were building was near their current property, which meant they would have a high concentration risk to the performance of the local area. It also resulted in non-deductible debt on the new home.

Our advice included the following:

  1. Super – they already had an SMSF and we showed them why it made sense for them to grow this, as well as providing a bespoke investment solution that worked for them and their risk profile. We also showed them how to reduce their accounting and audit costs by almost 2 /3’s or over $4,000 annually.
  2. Farm – we empowered them in their decision to expand their business and worked collaboratively with their Accountant to help them with how they structured it from a tax perspective, considerate of their financial planning goals.
  3. Structures – we considered their structures and where they had tax losses and recommended strategies to discuss with their Accountant, including a bucket company structure, that was projected to improve their position by $200,000. We now collaborate with their Accountants advice ongoing to ensure this remains a viable ongoing strategy. 
  4. Debt – our advice included a debt reduction strategy that tied to their core value of security in retirement.  
  5. Insurance – We provided a range of insurance options to reduce their cost to help empower them with their risk protection needs. The result was a reduction in premium of over $60,000 annually. 

Illustration of Outcomes – Comprehensive Financial Planning

The following graphs show the difference in terms of net financial position excluding family home and other lifestyle assets, based on a situation where the client continued down their current path against a scenario where they implement our recommendations.

There are two graphs, with one of the situations being where they retained their property and another where they sell it and implement our strategies. 

Net Financial Position - Hold Property

In the below scenario, where they sell their property we identified they’d be able to enter retirement without debt, whereas should they hold it (IE: graph above) they’d be required to take debt into retirement. 

Net Financial Position - Sell Property

About the projections: Our analysis was based on a set of assumptions, such as rates of return on investments, interest rates, inflation and current tax and superannuation legislation. We always take a cautious approach when forecasting on figures to ensure that they are realistic and achievable.

This means that If our client were to outperform our assumption, they may be able to bridge the gap between what they want and what we’ve assessed as achievable.

On the flip side, should they underperform our assumptions, it could see them needing to work longer though for these clients this should not be an issue, as they intend to work longer than we’ve assessed they need to anyway by some time. 

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Important Note
Produced with our client’s permission. The content of this case study has been based on a real-life client. Any information provided here is general advice only and does not consider your objectives, financial situation or needs. This information should not be taken as comprehensive and does not constitute legal or financial advice. You should seek legal, financial or other professional advice before relying on any content. Yield Financial Planning is not responsible to you or anyone else for any loss suffered in connection with the use of this information. Information is only current at the date initially published.

What Our Clients Say

We have entrusted our wealth creation and future security with Yield Financial Planning for a number of years now. They truly are professionals who have stayed ahead of the game by making strategic decisions at the right time and have always given sound advice. Security for our future is in great hands. Thanks Yield Financial Planning!!!

Yield Financial Planning has provided us with professional expert sound advice. It is always a pleasure to deal James and his team who always have our best interests at heart and has set up a sound plan for retirement. James and his team have provided first rate advice and funds management. I have confidence in James’s competence and integrity.

Yield Financial Planning have been excellent in their advice and investment strategies being a pleasure to work with over many years. Their strategies and constant portfolio reviews making changes when needed have guided us right through from our working days, the GFC and now retirement. We hold Yield as being an invaluable necessity.

Just the excellent service we receive and doesn’t matter how many questions we have; the staff are happy to oblige. They follow things through and let us think about important and critical matters methodically with a helping hand along the way. So overall the Journey is pleasant, professional and comprehensive yet it is explained to you what could help you or your needs.

I’ve been with Yield for more than 10 years and I’ve found the advice invaluable in helping to navigate life’s twists and turns. Highly recommended 5 Stars!

I would like to congratulate Yield Financial Planning, for their high quality of care, expertise and knowledge they have provided in ensuring my future growth is heading in the right direction. These qualities have reflected both in results and the ongoing follow up as an existing client, which I find reassuring.

Have been with Yield for a few years as my financial planners, and was very pleased when they announced their Mortgage Brokering Services – their Broker had great communication, and at no time was I unsure of where we were in the process. Being my Financial Planner, I was much more comfortable knowing they had my interests at the forefront of all negotiations – rather than getting a mortgage broker off the street who is probably aligned with a bank. From a more financial perspective, Yield saved us over $5000 per year through reduced interest payments alone – I highly recommend looking into Yield Financial

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Get started with a free strategy consultation and receive a copy of the Good Fortune Guide – written by James McFall, Managing Director Yield FP and 2020 National Finalist Certified Financial Planner of the Year to help educate you on your Financial Plan.