Our history
Five Pillars Financial Planning Pty Ltd started life as M Farrell & Associates back in November 1988.
In its early years, the business specialised in advising in, and arranging superannuation, life insurance and other types of personal insurance and investments.
During the late 1990s, the business began offering financial planning as part of its services, and it was renamed ‘Farrell Partners’ in 1996.
In 2001, the company developed a philosophical framework to explain key financial planning principles to clients. These principles became known as the ‘Five Pillars of Financial Independence’™.
The ‘pillars’ as they were known, were trademarked, and consisted of the following:
1. Live within your means
2. Establish a cash reserve
3. Manage risks
4. Reduce non-deductible debt
5. Invest for retirement
Our clients took to the concept of the pillars, and appreciated having a logical and straightforward structure to build their prosperity upon.
In recognition of the importance of the pillars, in 2005 the company changed its name to Five Pillars Financial Planning Pty Ltd. In 2006, the company relocated from Epping to Rhodes, where it continues to trade from today.
2010 saw a review of the original five pillars. And whilst the original pillars continued to provide vital fundamental principles for wealth creation and protection, just like our clients, we’d grown too. We found that our clients increasingly valued the process of acquiring and implementing a personalised financial plan, and so our ‘new pillars’ were created to explain what it is.
Our new five pillars are therefore:
1. Become clear on where you stand right now – before you can move forward, it is vitally important that we fully understand your current situation so we can take everything into account.
2. Know where you are heading – we help you identify the specific goals you are aiming to achieve, which will set the purpose and direction of your strategy.
3. Have a personalised strategy developed – the financial strategy we create for you is fully tailored to your unique circumstances and goals, and is selected from the most appropriate financial options available from throughout the market.
4. Implement all actions – we will help you implement each recommendation contained in your strategy so that you can make the journey towards attaining your goals.
5. Stay the course – we’re here to guide and encourage you for the long term as you follow the steps recommended in your financial strategy. We’ll follow up with you regularly and refine your strategy if needed to keep you on course.
These pillars describe how we work with our clients to help them achieve real financial success.
Contact us today to access effective strategies that Five Pillars can devise for you, that will organise your money better and put you in a position to get stronger results over the longer term.
Please note that past performance is not a reliable indicator of future performance. The information contained in this website is of a general nature only. We strongly recommend you seek advice specific to your goals and circumstances before taking any action.
