The Wealth Affect

The Wealth Affect Financial Planning firm located in Dubbo in regional NSW. Providing financial services relating to

Client win of the week (possibly the decade)?As anyone who deals with Centrelink knows, any interaction with this depart...
22/04/2026

Client win of the week (possibly the decade)?

As anyone who deals with Centrelink knows, any interaction with this department can be a very painful and drawn out process, often taking months to get an application approved (and then often needed errors corrected).

We are ecstatic to have been able to email a client this morning to let them know their Age Pension had been approved 4 DAYS AFTER WE MADE THE APPLICATION.

When this client engaged with us back in late 2025 they were under the impression that they would not be eligible for any Age Pension entitlements. Since this time we have worked with them, provided personal advice to restructure their situation to ensure they could access a part Age Pension (gaining them approximately $15,000 per annum in entitlements along with access to the Pension Concession Card - and around 5 years sooner than they would have if no changes had been made).

For anyone who says 'I don't need a Financial Adviser, I can pick my own superannuation investments without paying them', please understand that investment selection is such a small component of what we do every day, with the real client wins coming from thinks like better Centrelink outcomes

20/10/2025

“Oh, but someone at Centrelink told me, so it must be right.”

This, this right here boils my blood – what people need to understand is that staff at Centrelink are not gods and they do not make the rules, they just have a habit of poorly understanding and conveying them.

The rules are dictated by the Social Security Act 1991 (Cth), not by whoever answered the call at Centrelink, and there is little recourse when a trusting member of the public assumes that what they are being told on the phone by Centrelink staff is correct when it is blatantly wrong (and there are implications).

We battle this issue daily, spending irrecoverable time arguing with Centrelink about their incorrect understanding of the legislation that they work under.

In a single call today, our staff were provided with countless pieces of incorrect information (some advice, the staff member doubled down on more than once) when trying to assist a client to prepare for their partner’s entry into Aged Care!

Thankfully, we know their own rules better than they do!!

The following are just some of the blatantly incorrect statements that were made by Centrelink staff in the call. If ANY ONE of these pieces of advice had been followed, this would have resulted in around ⚠️💲$35,000 PER YEAR💲⚠️ in unnecessary Aged Care fees that would have been irreversible:

⛔️Centrelink Staff’s Advice: Their rural property will be assessed when entry assessment is completed. ❌Incorrect!❌ The assessment of the rural property that we require MUST be in place prior to the entry assessment.

⛔️Centrelink Staff’s Advice: If this is their only property, it will not be assessed. ❌Incorrect!❌ That statement is just blatantly incorrect as there are a range of factors to consider besides whether it is their only property when determining if it will be assessable.

⛔️Centrelink Staff’s Advice: Their entire property will be exempt from assessment for a period of 2 years because the husband lives there. ❌Incorrect!❌ The property in question is considered a Large Property or Large Suburban Block (over 5 acres), resulting in the value of the property outside of the home and surrounding 5 acres being valued and assessable (without the specific assessment we are trying to get them to undertake). The 2-year period of exemption they told us the client would have access to doesn’t apply to the Aged Care fees and will not apply anyway as the husband will continue to live in the home.

⛔️Centrelink Staff’s Attempted Actions: Tried to undertake an Aged Care entry assessment while we were on the phone with them. ❌Catastrophic!❌ Delaying this assessment was the primary reason for the call as this process had been inadvertently triggered earlier than required – completing this assessment would have been irreversible and financially devastating.

Unfortunately, this is not an isolated incident and is the reality of what we are up against every day. If we have this much trouble getting things done right (when our expertise and years of experience and training are related to this exact area), what hope does the public have in getting a correct assessment?

Centrelink - just do better!!!!

Australian Minister for Social Services Tanya Plibersek I don't know what the solution to this is, but this is an ongoing issue every day.

16/10/2025

🎉🎉We’re incredibly proud to share that The Wealth Affect has been named a Finalist in two national categories at the IFA Excellence Awards 2025🎉🎉

🏆 Regional Adviser of the Year – Shane Harris
🏆 Best Financial Advice Employer of the Year

Big shout out to our back-office superstar Cassandra on obtaining her Accredited SMSF Association Specialist designation...
30/07/2025

Big shout out to our back-office superstar Cassandra on obtaining her Accredited SMSF Association Specialist designation. After months of study, revision, practice tests, pulling out her hair, second guessing herself, and really putting in the effort, she has aced her exam and added another achievement to her already impressive list of career and education achievements.

Cassandra's hard work and commitment to retaining and improving her exceptional knowledge and skillset perfectly reflects the business we have been building over the past 5 years, always aiming to have the best and brightest people working in every role to ensure our clients are in the best hands no matter which team member they are dealing with.

05/07/2025

With all the compliance, red tape, and operating costs forever soaring, running a Financial Advice firm isn't the easiest or most enjoyable endeavor some days. But such kind words from one of our favorite clients helps to remind us of why we provide this service :)

"It was Dec 2022 when I first left a review of The Wealth Affect and Shane, a most positive review. A number of things changed for me during the time up to this present date, July 2025. I required advice with several matters around my finances and forward decisions. Shane not only offered the financial support, which to date has been a total success, but made himself available to me to "run past him" further decisions I had to make. I cannot speak more highly of a young man who is not only competent in his chosen field but a person who shows genuine concern for his clients - Carol"

Our phones are currently misbehaving! We are only able to pickup calls on (at best) one phone currently, and it is a luc...
13/09/2024

Our phones are currently misbehaving! We are only able to pickup calls on (at best) one phone currently, and it is a lucky dip around which one is working.
If you are having trouble getting ahold of us, we are still receiving any missed calls or voicemails, and will get back to you as soon as we can!!
All other contact channel are operational - Email, Text, Facebook Messenger

Like Christmas, but so much better! 🥳🥳The most magical time of year in the Financial Planning world - when our new Techn...
22/08/2024

Like Christmas, but so much better! 🥳🥳

The most magical time of year in the Financial Planning world - when our new Technical Guides arrive in the mail!

04/06/2024

Our phones are down!

No, we haven't been ignoring you - but we did just discover our phones have been down most of the day!

If you are feeling neglected, send us an email or message us on Facebook!

**Scammers on the prowl**Please take extra care when opening or replying to emails from myself or my office.We have been...
15/01/2024

**Scammers on the prowl**

Please take extra care when opening or replying to emails from myself or my office.

We have been alerted to a scam email using my name originating from a domain external to ours.

While we have no reason to believe our systems or mailing lists have been compromised (as this scam email was sent to a related business party, with their contact details and business connection easily identifiable from our website), we are still asking everyone to take additional care when receiving contact from our office. If you are unsure of the authenticity of contact from our office (especially if any personal information is being requested), please do not hesitate to contact us directly via phone, social media, or email (to an address you have used in the past) to confirm.

In the event that you do receive a suspicious email, please alert us immediately so we can take any necessary actions to ensure the ongoing security of our systems and protection of our critical data.

The Wealth Affect has again been named as one of the Top 3 Financial Services Providers In Dubbo by Three Best Rated for...
14/12/2023

The Wealth Affect has again been named as one of the Top 3 Financial Services Providers In Dubbo by Three Best Rated for 2023!

To find out more, head over to our latest blog post!

The Wealth Affect makes the list of Top 3 Financial services Providers in Dubbo for 2023!

Address

266 Macquarie Street
Dubbo, NSW
2830

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