Not-for-Profits

You are a leader of a non-for-profit organisation that is dedicated to making a positive impact in the world. You have a vision, a mission and a passion for your cause. You also have a responsibility to manage your resources effectively, efficiently and ethically. You may be facing some challenges and objectives, such as:

Outsourcing the management of your resources to a trusted partner who can help you maximise your impact and minimise your costs.
Ensuring that you can become self-sufficient and non-reliant on government grants or other external sources of funding.
Aligning your financial strategy with your organisational values and goals.

We understand your needs and challenges, because we have helped many organisations like yours in the past. We are the specialists in financial planning for non-for-profits. We can help you create a customised plan that suits your specific situation and objectives. We can also provide you with ongoing support and advice to help you implement your plan and achieve your desired outcomes.

How We Help

Tailored Service Offering

You understand the unique value that an organisation catering to specific individuals can provide. The same applies to providing financial advice, where better outcomes can be achieved by tailoring our service to the needs of organisations such as yours (rather than providing general advice that does not consider the unique challenges faced by your organisation).

Given the wants and needs of Not-for-Profit organisations can vary greatly, it is critical to have access to various professionals who can collectively work together to provide a better outcome.

Financial advisers, asset consultants, tax specialists, accountants, solicitors, and financiers focus on different aspects of an organisation’s financial affairs. At Custodian Financial Group we have brought together leading experts in each profession to ensure that all the pieces of your financial puzzle fit together. As the conduit for this advice model, the first of its kind in the Canberra region, we take away the pain and hassle of keeping your organisation’s financial affairs in order by allowing you to outsource to a trusted professional.

Specialised Advice

Not-for-Profits are a niche sector of financial advice, however the wealth of knowledge required to deliver high quality advice to Not-for-Profits is extensive. For this reason, many financial advisers do not have an appropriate service offering for Not-for-Profits. With over 50 years combined experience in servicing Not-for-Profits, you can rest assured knowing that our advisers are well-positioned to achieve the best possible outcome for your organisation.

Having advised Not-for-Profits from a wide range of sectors (e.g. religious, charitable, industry-linked, etc.), we understand that each Not-for-Profit is unique and comes with its own set of challenges and opportunities. For this reason, we are very conscious to have an intimate understanding of your organisation before providing any specific recommendations.

Traditional and Ethical Investments

Not-for-Profits typically need to consider the values of their organisation and its members when developing an investment strategy. What may be appropriate for one organisation may conflict with the values of another, and so it is of utmost importance that any investment strategy be developed in consultation with your organisation to ensure the best financial outcome within the relevant investment parameters.

By clearly defining the scope of your investment strategy we can do what we do best, develop a portfolio to generate the greatest risk-adjusted return for the wants and needs of your organisation.

Organisational Modelling

Not-for-Profit organisations have the ongoing challenge of balancing the competing objectives of maximising member/community support and maintaining financial security. This generally influences the financial resources that are committed to short and long-term objectives; however, it can be very difficult for a Not-for-Profit to understand the financial implications of day-to-day decisions without the benefit of sophisticated financial modelling.

At Custodian Financial Group we have developed proprietary modelling software that projects the financial position of Not-for-Profits on an ongoing basis. This tool was developed in-house due to the lack of modelling software targeted to Not-for-Profit organisations and is the only one of its kind available in the market today.

Leveraging off our modelling tool will provide new insight into the financial decisions made by the organisation and allow you to make informed decisions for the betterment of the organisation and its members.

Business Support

Running a Not-for-Profit organisation generally requires greater consideration of various stakeholders (e.g. members, charities, etc.) than running a for-profit business (where profits are generally central to any decision making). Our Advisers have experience working with Not-for-Profit organisations from a wide range of sectors and industries and can work closely with your Business Manager to ensure the organisation is able to meet its objectives, whatever they may be.

In order to determine what business support, we may be able to provide, we would undertake a scoping exercise to get an intimate knowledge of your organisation and its key objectives. Through this process we would look to find ways to enhance the experience of all stakeholders, whether they be employees, direct members, or part of the wider community.

Given any business support we may provide would be tailored specifically to your organisation, please contact our office if you would like to schedule a cost and obligation-free meeting to discuss further.

Auditing

Many of our Not-for-Profit clients require their financial accounts to be audited by a specialist external auditing firm on an ongoing basis. We have tailored reporting to assist with this process and ensure any audit is undertaken in a timely, accurate and cost-effective manner. Should your Not-for-Profit entity need to be audited, we are happy to work with the specific requirements of your organisation and any external auditing firm.

Please do not hesitate to contact our office if you wish to discuss how we can assist with your organisation’s auditing requirements, and we would be happy to discuss this process in greater detail with the key representatives of your organisation and/or your external auditing firm.

Group Insurance for Employees and Members

We understand that your primary reason for being is to serve individuals within a specific group, or people who have a common interest/purpose. For this reason, we have developed a group personal insurance offering which can protect the interests of those individuals who form part of your core service offering.

Group insurance cover avoids the need for any underwriting, which can be a tedious and convoluted process with no guarantees that cover will be offered. Instead, under a group insurance policy the insurer makes an assessment on the risk profile of the entire group and premiums are based on this assessment, ensuring all group members are treated equally (regardless of their personal circumstances).

Group insurance is available for as little as 5 members and there is the ability to have cover for different groups (e.g. employees and/or the target market of the Not-for-Profit). This can be extremely valuable for group members as they can obtain important insurance cover that may otherwise be unavailable, and is often provided by Not-for-Profit organisations as a point of difference to help attract and maintain quality employees. We work with all group insurance providers to ensure the best possible outcome for your organisation and the individuals that fall under the group insurance policy.

What Our Clients Say About Us

“The team at Custodian Financial Group have provided my partner and I with the peace of mind that our future is more secure, especially with a baby on the way! Our money is now working for us rather than the big companies... and they have put a ﬁnancial plan in place that meets our life goals.”

“I have recommended Custodian Financial Group to many of my friends and family and will to anyone, as I have always found that they conduct themselves in the best interest of their clients.”

“My husband and I came to you to discuss our personal superannuation fund and to also discuss the options that were available for our future ﬁnancial planning. We were very impressed with the personalised professional service and advice given to us, and how you have tailored this speciﬁcally to suit our situation and future needs. We felt very comfortable to put our ﬁnances in your care and for you to guide us in the right direction.”

“David and the team are excellent. They provide a tailored service to our personal investment needs. They have been able to provide us with significant guidance and support to ensure that we are best positioned for the future.”