Financial Planners For Business Owners & Entrepreneurs

Solace Financial specialises in helping business owners cultivate personal wealth while nurturing the businesses they’ve dedicated years to building. Many entrepreneurs unintentionally rely solely on their business as a retirement plan, placing significant financial risk on just one asset. As an independent firm with our own Australian Financial Services License (AFSL), we ensure our advice serves your best interests, free from the influence of banks or product providers. If you’re interested in understanding your financial situation better, we offer an initial consultation at no cost and with no obligation.

Many business owners are diligent when it comes to reinvesting in their companies, but often neglect their personal financial health. Earnings frequently go toward purchasing new equipment or hiring additional staff, while personal savings and investments are pushed aside. Retirement savings, personal investments, insurance, and emergency funds are often postponed year after year. As retirement approaches, the business often emerges as the primary asset, leading to a plan that hinges on selling it and living off the proceeds.

The scenario poses a major threat. Relying only on one resource in one field means that you are vulnerable to economic changes and personal health issues. The worth of your business will ultimately depend on how much people will be prepared to pay for it once you retire.

The unpredictable pattern of income makes planning for your finances difficult. It is possible to earn a lot of money in one period only to make less during another. Employees get a steady income and contributions towards their pensions made on their behalf by their employers, but this is not the case for the business owner. Financial tips offered may also assume that you receive a regular income and make pension contributions, something that may not be relevant for a business owner.

Sometimes the roles of financial professionals can blur, so it helps to define them clearly. An accountant focuses on compliance, ensuring your tax returns, BAS, and bookkeeping are in order, and your business meets regulatory requirements. On the other hand, a business advisor examines how your company operates and seeks ways to improve its growth and efficiency. Meanwhile, a financial planner manages your personal finances as a business owner. They consider how your wealth is organised, protect your family’s financial future, guide investments outside of the business, and plan for retirement and eventual business exit.

In most cases, it is preferable for both a planner and an accountant to be involved in the process as opposed to selecting between the two. The areas of work between the two may overlap at many points, particularly in respect of tax matters. At Solace, we address the issue through having a Chartered Tax Adviser on our team, who combines the tax structuring with advice on other finances.

Solace stands out as an independent, principal-owned firm, holding our own Australian Financial Services Licence (AFSL 509493). Free from the influence of banks or product providers, our focus remains solely on understanding and optimising your financial situation. With more than 80 years of combined experience among our five advisers, including several Certified Financial Planners and an in-house Chartered Tax Adviser, we offer comprehensive expertise in both financial and tax matters.

We are honoured by accolades like AWMA Adviser of the Year for High Net Worth in 2025 and IFA Business Outcome Leader of the Year in 2023 because of our dedication and quality. We regularly receive excellent ratings on Google from our satisfied clients. Our value to you is that we can provide expert advice in finance and taxes to help you grow your business.