WEALTH
MANAGEMENT
FOR LAWYERS

Why get financial advice?

As a lawyer, law firm or self-employed barrister, you possess unique financial challenges and opportunities.
Managing your finances effectively is crucial to securing your future and achieving your long-term goals. That’s where professional financial advice tailored specifically to lawyers comes in.
We understand the complexities of your profession and the financial intricacies that come with it. Here’s why seeking financial advice is essential for lawyers and partners.

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The Law Society of Western Australia is the peak professional association for lawyers in Western Australia. The Law Society is a not-for-profit association dedicated to the representation of its members.

New Horizon Wealth is part of your members extras programme to take advantage of the exclusive offer contact us through your membership portal or when you book an appointment quote your membership number. 

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Why Our Partnerships Matter

Great financial advice isn’t delivered by one person alone. It’s supported by the right technical expertise behind the scenes. By working with trusted specialist partners like Sentinel group we ensure your advice is well-researched, technically sound, and kept up to date as your life and the rules change.

What we do

SUPERANNUATION

RETIREMENT
PLANNING

INVESTMENTS

WEALTH
PROTECTION

SELF MANAGED
SUPER

DEBT MANAGEMENT

ESTATE PLANNING

TAX PLANNING

Your financial journey

1. STARTING OUT
  • Ensure your personal finances are in good shape and your family is protected.
  • Start saving for the future, whether for a home deposit, pension contributions, or an ISA.
  • Plan and invest wisely to build long-term financial security.
2. MAKING PARTNER
  • Explore how transitioning to self-employment impacts your finances and cashflow.
  • Use our wealth framework to review your assets and goals, from mortgage repayments to funding education.
  • We can assist with pension contributions, ISA consolidation, life insurance*, and cashflow modelling to plan for long-term growth.

*Implemented by third-party specialists.

3. ACCUMULATING WEALTH
  • We can help determine when you can afford to retire by aligning surplus distributions and cash flow with your plans.
  • Our fees are deducted from gross dividends to reduce tax liability.
  • We can use gilts to cover expected expenses such as tax bills.
The information above is not intended and should not be construed as tax advice. Each investor should seek their own independent tax advice.
4. LIFE AFTER THE FIRM
  • We help optimise your retirement income by forecasting future expense and modelling spending patterns.
  • To ensure liquidity, we assist in allocating cash to high-yielding gilts.
  • Our specialists can guide you on intergenerational planning including trusts FICs and inheritance tax strategies.
book a strategy session today

Retail super funds

Retail funds are usually run by banks or investment companies. Anyone can join.

Main features:

  • They often have a wide range of investment options.
  • They may be recommended by financial advisers who may charge a fee for their advice.
  • Most range from medium to high cost, but many offer a low-cost or MySuper alternative.
  • The company that owns the fund aims to keep some profit.