Crest Financial Services https://www.crestfs.com.au/ Financial Services Mon, 13 Apr 2026 00:41:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.crestfs.com.au/wp-content/uploads/2024/08/cropped-Favicon-2-32x32.png Crest Financial Services https://www.crestfs.com.au/ 32 32 Paul Howden honoured with lifetime achievement award for outstanding contribution to the advice industry https://www.crestfs.com.au/crest-news/paul-howden-honoured-with-lifetime-achievement-award-for-outstanding-contribution-to-the-advice-industry/ Mon, 13 Apr 2026 00:41:08 +0000 https://www.crestfs.com.au/?p=10584 In a moment of well-deserved recognition, Paul Howden has been awarded the prestigious Astrum Lifetime Achievement Award, celebrating more than 30 years of dedication, leadership, and innovation within the advice industry. The award recognises individuals whose careers have made a profound and lasting impact on the profession. For Paul, this honour reflects not only longevity […]

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]]> In a moment of well-deserved recognition, Paul Howden has been awarded the prestigious Astrum Lifetime Achievement Award, celebrating more than 30 years of dedication, leadership, and innovation within the advice industry.
The award recognises individuals whose careers have made a profound and lasting impact on the profession. For Paul, this honour reflects not only longevity but a career defined by integrity, mentorship, and an unwavering commitment to client outcomes.
As one of the founders of Crest Financial Services more than 25 years ago, Paul helped build a practice grounded in trust, professionalism, and a client-first philosophy. Over time, the firm has evolved into a respected business now transitioning to a new generation of leaders—many of whom were personally mentored by Paul himself.
Paul’s journey in financial advice has been shaped by resilience and determination. Early in his career, he was mentored by another adviser who helped shape his values and approach—principles he has carried forward throughout his career. Despite facing significant personal challenges, Paul remained steadfast in his ambition to build a lasting legacy, earning respect across both his team and the broader industry.
His contributions extend well beyond his own business. Paul was recognised early in his career as one of the youngest recipients of the Gerald Lippman award and has played an active role in shaping the industry’s direction, including his time on the ARA board during a period of significant transformation toward holistic financial advice.
A defining feature of Paul’s career has been his commitment to developing others. He has mentored advisers, paraplanners, and operational staff—many of whom have progressed into senior leadership roles both within his practice and across the industry. His leadership has fostered a culture focused on excellence, continuous learning, and strong client relationships, with some clients remaining with the business for over 25 years.
Colleagues consistently point to Paul’s belief in empowering others as central to his leadership style. He has invested heavily in training and professional development, even hosting multi-day conferences to support the growth and motivation of his team. His legacy is reflected not just in business success, but in the people and careers he has helped shape.
Throughout more than two decades of industry change—including regulatory reform, rising professional standards, and technological advancement—Paul has remained at the forefront. He has embraced innovation, integrating new technologies and processes to enhance efficiency, accuracy, and client experience, while consistently maintaining standards above industry requirements.
Beyond the workplace, Paul has demonstrated a deep commitment to community and charitable initiatives, particularly through his support of children’s charities and advocacy for education. His contributions reflect a belief that success carries a responsibility to give back and make a meaningful difference.
The Astrum Lifetime Achievement Award is reserved for advisers who have shaped the profession through leadership, innovation, and service to the advice community. Paul Howden exemplifies these qualities, having built a legacy defined by integrity, resilience, and enduring impact.
As the advice profession continues to evolve, Paul’s career stands as a benchmark for excellence—an inspiring example of what can be achieved through dedication, vision, and a genuine commitment to others.

 

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]]> RBA rate rise: What it means for your mortgage, savings & investments https://www.crestfs.com.au/crest-news/rba-rate-rise-what-it-means-for-your-mortgage-savings-investments/ Tue, 03 Mar 2026 03:48:02 +0000 https://www.crestfs.com.au/?p=10576 What the recent RBA cash rate rise means for you In February 2026, the Reserve Bank of Australia (RBA) increased the official cash rate by 0.25% as part of its ongoing effort to bring inflation back within its 2–3% target range. Why the RBA increased rates Inflation has remained above the RBA’s target band, with […]

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What the recent RBA cash rate rise means for you

In February 2026, the Reserve Bank of Australia (RBA) increased the official cash rate by 0.25% as part of its ongoing effort to bring inflation back within its 2–3% target range.

Why the RBA increased rates

Inflation has remained above the RBA’s target band, with price pressures proving more persistent than expected. By raising interest rates, the RBA aims to reduce spending and borrowing across the economy, helping to ease inflation and restore long-term price stability.

What it means

Mortgage holders

If you have a variable-rate home loan, your repayments may increase. Borrowers nearing the end of fixed-rate terms could also face higher refinancing costs.

Borrowing costs

Interest rates on personal loans, business lending, and credit facilities generally rise in line with the cash rate.

Savers

Higher interest rates can benefit savers, with improved returns on savings accounts and term deposits.

Property and investments

Higher rates may soften property demand and create short-term market volatility as households and businesses adjust to tighter financial conditions.

Planning ahead

Rising interest rates can place pressure on cash flow, but they also present an opportunity to review your financial strategy. Now is the time to reassess debt structures, budgets, and investment plans to ensure they remain aligned with your long-term goals.

For personalised advice on how the recent cash rate rise affects you, contact Crest Financial Services on (02) 4929 2552 today and speak with our team about building a strategy that protects and strengthens your financial future.

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]]> Patrick Recognised for 10 Years as a Financial Adviser https://www.crestfs.com.au/crest-news/patrick-recognised-for-10-years-as-a-financial-adviser/ Tue, 16 Dec 2025 00:29:34 +0000 https://www.crestfs.com.au/?p=10550 A very special milestone was celebrated recently at Akumin’s End of Year Event, where the spotlight highlighted Patrick Hancock’s 10 years as a financial adviser. The event brought together practice principals, advisers, and industry professionals to reflect on the achievements of the year, share insights, and celebrate outstanding milestones across the Akumin network. Patrick Hancock […]

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]]> A very special milestone was celebrated recently at Akumin’s End of Year Event, where the spotlight highlighted Patrick Hancock’s 10 years as a financial adviser. The event brought together practice principals, advisers, and industry professionals to reflect on the achievements of the year, share insights, and celebrate outstanding milestones across the Akumin network.

Patrick Hancock was recognised for a decade of dedication, professional growth, and unwavering commitment to helping clients achieve their financial goals. This recognition is a proud moment not only for Patrick but also for the entire Crest team, who have seen firsthand the impact of his work over the years.

Patrick began his journey at Crest in 2009 as a Paraplanner, shortly becoming Paraplanning Manager, before transitioning into an Adviser role, and later becoming one of the Directors at Crest. It is fair to say that Patrick has grown with the company, and the company has certainly grown with him.

Reaching a 10-year milestone in the financial advice industry is no small achievement. It reflects consistency, resilience, and a genuine passion for guiding clients through important life decisions. Throughout his career, Patrick has built strong, long-term relationships based on trust, integrity, and personalised advice. His focus has always remained on putting clients first and providing clarity and confidence in an ever-changing financial landscape.

In Patrick’s words: “I didn’t even realise 10 years had passed until I received the invitation for the event. Being an adviser, talking with my clients and working towards their financial achievements has been more than a job — it’s a passion.”

Patrick shared that the most fulfilling part of his role is seeing clients move through different stages of life: from starting careers, to growing families, to planning for retirement, and knowing he has played a meaningful role in their journey. He also reflected on how much the industry has evolved over the past decade and how rewarding it has been to grow alongside his clients.

Patrick also expressed his sincere gratitude to his clients for their ongoing trust and to his colleagues at Crest Financial Services for their constant support. He acknowledged that being surrounded by a strong, collaborative team has been instrumental in his professional development and long-term success.

While the Akumin Event provided a wonderful setting to celebrate achievements across the network, for Crest Financial Services, this occasion was especially meaningful as we honoured Patrick’s 10 years of dedication to the profession.

We congratulate Patrick on this outstanding achievement and thank him for his continued commitment to excellence. We look forward to watching his journey continue and to celebrating many more milestones in the years to come.

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]]> Crest team development conference 2025 https://www.crestfs.com.au/crest-news/crest-team-development-conference-2025/ Thu, 04 Dec 2025 02:32:38 +0000 https://www.crestfs.com.au/?p=10493 As part of Crest’s commitment to delivering professional advice and a consistently high level of service to our clients, Crest Financial Services recognises the importance of investing time and energy into the development of our advice and administration teams. With this focus in mind, the entire Crest team attended a two-day conference at Greystone Estate […]

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]]> As part of Crest’s commitment to delivering professional advice and a consistently high level of service to our clients, Crest Financial Services recognises the importance of investing time and energy into the development of our advice and administration teams. With this focus in mind, the entire Crest team attended a two-day conference at Greystone Estate in the Hunter Valley. The event provided an opportunity for staff to work together on developing both themselves and the systems, practices, and processes that support our business.

Throughout the conference, a range of presentations and activities were delivered. A standout session for many was the Subarctic Challenge from Harvard Business School, facilitated by Jessica Deamer, Rhys Higgins, and Rhys Field from the Advice team. This exercise underscored the value of teamwork and demonstrated how collaboration can achieve stronger outcomes than working individually.

Several enjoyable team challenges were also undertaken during the conference, offering valuable insights into effective teamwork while helping participants recognise their own strengths and areas for improvement.

Overall, the team agreed it was an engaging and productive few days of focused self-improvement, learning, and team building. The conference provided meaningful insights into how Crest can continue to strengthen and enhance the high-quality advice and service delivered to our valued clients.

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]]> Professional Development Day https://www.crestfs.com.au/crest-news/professional-development-day/ Tue, 09 Sep 2025 01:47:02 +0000 https://www.crestfs.com.au/?p=10434 Crest Financial Services recently took part in Akumin’s Professional Development Days, held across five major cities, with advisers Jessica Deamer, Thomas Hoy, and Rhys Higgins representing the team in Sydney. The event delivered a full day of forward-thinking insights, practical strategies, and meaningful conversations designed to elevate the quality and impact of financial advice. The […]

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]]> Crest Financial Services recently took part in Akumin’s Professional Development Days, held across five major cities, with advisers Jessica Deamer, Thomas Hoy, and Rhys Higgins representing the team in Sydney.

The event delivered a full day of forward-thinking insights, practical strategies, and meaningful conversations designed to elevate the quality and impact of financial advice. The day was full of learning and networking with some key highlights mentioned below:

The day opened with Akumin’s executive team sharing their strategic vision and service enhancements, reinforcing their commitment to innovation, growth, and adviser support. This set the stage for a series of sessions tailored to providing professional advice to achieve the evolving financial planning needs of clients.

The second presentation of the morning was spent looking into the transformative role of artificial intelligence. Attendees explored how AI is being used to build scalable, efficient advice businesses that deliver quality client experiences on a consistent basis.

Followed up by a technical update, with expert panels unpacking recent legislative changes including aged care reforms and the division 296 tax. These insights helped advisers stay informed and prepared to guide clients through complex regulatory shifts.

Following lunch, the afternoon kicked off with a session moving into risk advice, presented by the insurer AIA Australia, examining the strategic and practical elements associated with providing insurance advice to protect our clients and their families.

The afternoon had more to unpack regarding risk, with the Zurich Insurance team presenting their Cost of Care volume 2 – which explored the often-unseen implications and costs associated with significant health events, and the ongoing value of partnering with an advice professional.

They analysed the average costs for individuals who experience significant health events in their life, including out of pocket medical costs, time off work and on-going treatment. These can vary depending on your age and gender. A few examples they covered include:

  • The average lifetime cost for prostate cancer – the most common cancer among Australian men is $42,130 – with a recovery period of 6 weeks from surgery and treatment daily for 4 to 9 weeks.
  • The average lifetime cost for breast cancer – the most common cancer among Australian Women is $41,260 – with 3 to 6 weeks of radiotherapy treatment and a recovery period from surgery 6 to 8 weeks for women.
  • The average lifetime cost for a heart attack is $95,728 – with a recovery period of one week in hospital and 6 to 12 weeks ongoing recovery.

Giving the team a critical reminder of the out-of-pocket costs many Australians experience when dealing with significant health events.

The day concluded with a forward-looking economic and investment outlook panel, where leading strategists shared their views on global trends and portfolio implications. An open Q&A allowed attendees to engage directly with the experts, rounding out a day rich in insight and connection.

In an ever-changing financial services industry, the Crest team remains dedicated to maintaining a high level of knowledge in all areas of advice and keeping up to date with current regulatory changes. The Professional Development Day provided the team with a renewed insight on familiar areas of advice, the opportunity to network among other advisers and an insight into future advice considerations for our clients.

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]]> Crest’s Jessica Deamer selected as judge for prestigious industry award https://www.crestfs.com.au/crest-news/crests-jessica-deamer-selected-as-judge-for-prestigious-industry-awards/ Fri, 08 Aug 2025 01:14:35 +0000 https://www.crestfs.com.au/?p=10409 We are thrilled to announce that Jessica Deamer has been invited to serve as a judge for the prestigious Australian Wealth Management Awards 2025, which will culminate in a black-tie celebration on Friday, 22 August, at the Sofitel Sydney Wentworth. This invitation is both an honour and an outstanding achievement, marking a significant milestone in […]

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]]> We are thrilled to announce that Jessica Deamer has been invited to serve as a judge for the prestigious Australian Wealth Management Awards 2025, which will culminate in a black-tie celebration on Friday, 22 August, at the Sofitel Sydney Wentworth. This invitation is both an honour and an outstanding achievement, marking a significant milestone in Jessica’s career and reflecting her growing influence and respected standing in the Australian financial services industry. Being selected as a judge signifies the high level of trust and recognition Jessica has earned within the profession, as she now joins a panel of esteemed industry leaders, innovators, and experts who are tasked with assessing and recognising excellence across 36 competitive categories, including financial advice, executive leadership, funds management, and wealth technology. This achievement is even more meaningful considering Jessica was previously a finalist in the “Best Young Adviser (35 years or younger)” category. Her insights and expertise will help shape the recognition of Australia’s most outstanding talent. Her appointment as a judge is a proud validation of her dedication, professionalism, and leadership, not only as an adviser but also as a key contributor to setting the standards of best practice in wealth management. The Australian Wealth Management Awards are widely regarded as the benchmark of excellence in the industry, with a rigorous, peer-reviewed judging process that celebrates innovation, integrity, and outstanding client outcomes. At Crest, we are incredibly excited and proud to see Jessica representing us on such a distinguished stage, and we have no doubt she will do a wonderful job in recognising the very best the industry has to offer. To learn more about the awards, the categories, and the upcoming gala, visit the official website at https://www.australianwealthmanagementawards.com.au

 

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]]> Jessica Deamer nominated for prestigious 7NEWS Young Achiever Award https://www.crestfs.com.au/crest-news/jessica-deamer-nominated-for-prestigious-7news-young-achiever-award/ Mon, 30 Jun 2025 05:44:50 +0000 https://www.crestfs.com.au/?p=10355 We are proud to share that Jessica Deamer, one of Crest’s valued financial advisers, was recently nominated for the 7NEWS Young Achiever Awards in the Monica Minolta Career Achievement Award. The 7NEWS Young Achiever Awards are held each year to recognise, encourage, and celebrate the positive achievements of young people aged 18 to 29 across […]

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]]> We are proud to share that Jessica Deamer, one of Crest’s valued financial advisers, was recently nominated for the 7NEWS Young Achiever Awards in the Monica Minolta Career Achievement Award.

The 7NEWS Young Achiever Awards are held each year to recognise, encourage, and celebrate the positive achievements of young people aged 18 to 29 across New South Wales and the ACT. With a wide range of categories, spanning everything from community service to innovation in business, the awards aim to highlight young Australians who are making a meaningful impact in their industries and communities.

Jessica’s nomination in the NSW Department of Finance, Services and Innovation Award category reflects her dedication to excellence in financial services, her forward-thinking approach, and her leadership within our team and beyond. This category recognises emerging professionals who demonstrate initiative, insight, and a commitment to driving progress in the finance sector.

The awards gala was held on Friday, 2 May 2025, at the Fullerton Hotel in Sydney. It was a beautiful and elegant evening, complete with a formal dinner and the celebration of young Australians who are making an impact across the state. Paul Howden, Rhys Higgins and Cameron Tynan proudly attended the event alongside Jessica, not only to represent Crest but to personally acknowledge and celebrate the effort, dedication, and professionalism she brings to her work every day. Their presence on the night reflected the entire team’s admiration for Jessica and the pride we feel in seeing one of our own recognised on such a prestigious platform.

Although Jessica did not take home the final award, being selected as a finalist in such a competitive field is a significant achievement in itself. It is a true reflection of her hard work, professionalism, and passion for helping clients reach their financial goals.

We know many of our clients have had the pleasure of working with Jessica and experienced firsthand the care, knowledge, and dedication she brings to her role. Her nomination is not only a proud moment for our team, but a reminder of the calibre of professionals you can trust at Crest.

Congratulations again to Jessica for this well-deserved recognition—we look forward to seeing all that she continues to achieve in the years to come.

 

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]]> Crest leaders advance global expertise on Boston & New York Study Tour https://www.crestfs.com.au/crest-news/crest-leaders-advance-global-expertise-on-boston-new-york-study-tour/ Fri, 13 Jun 2025 04:41:49 +0000 https://www.crestfs.com.au/?p=10231 Crest continues to demonstrate its commitment to professional development and global best practices in order to serve our clients better. Adviser/Directors Jessica Deamer and Rhys Higgins, along with Senior Paraplanner Rhys Field, recently participated in the Boston & New York Study Tour organised by Financial Services company Entireti. This immersive experience provided them with valuable […]

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]]> Crest continues to demonstrate its commitment to professional development and global best practices in order to serve our clients better. Adviser/Directors Jessica Deamer and Rhys Higgins, along with Senior Paraplanner Rhys Field, recently participated in the Boston & New York Study Tour organised by Financial Services company Entireti. This immersive experience provided them with valuable insights into international finance, strategic leadership, business innovation and client-focused financial services.

In Boston, the team participated in three full days of workshops at the esteemed Harvard Club of Boston, where they tackled complex business case studies modelled on real-world corporate companies (such as Amazon, Booking.com & Shore Capital Partners). Each case study focused on different areas of business management & best practice, ranging from crisis management and organisational change to high-stakes financial decision-making. The format required participants to analyse critical issues, present their recommendations, and defend their strategies, all while learning from experienced educators such as Harvard Business School Professor of Business Administration Boris Groysberg. This exposure sharpened their critical thinking and expanded their toolkit for solving the kind of strategic problems today’s financial advisers and business leaders face.

After that, the team headed to New York, where the delegation visited BlackRock’s headquarters, one of the world’s leading asset management firms. They gained firsthand exposure to BlackRock’s investment strategies and investment approaches. Engaging with senior professionals provided them with a deeper appreciation of the complexities of strategic portfolio construction, current market outlooks and technology usage in portfolios.

A highlight of the trip was a guided tour of the iconic Harvard University campus. Walking through the grounds that have produced countless global leaders, the group reflected on the power of education to drive innovation and influence. The Harvard environment served as a reminder of the value of intellectual curiosity and the pursuit of truth in professional life.

Jessica Deamer, Rhys Higgins, and Rhys Field returned to Australia with renewed clarity on leadership, an expanded view of the financial world, and an even stronger foundation to support Crest clients and teams they lead within Crest.

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]]> Crest East Maitland has moved to 93 High Street https://www.crestfs.com.au/crest-news/crest-east-maitland-has-moved-to-93-high-street/ Thu, 07 Nov 2024 00:04:19 +0000 https://www.crestfs.com.au/financial-services/?p=8442 We are thrilled to announce that Crest East Maitland has moved to a new, larger office at 93 High Street, East Maitland, NSW 2323.

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News

Crest East Maitland has moved to 93 High Street

We are thrilled to announce that Crest East Maitland has moved to a new, larger office at 93 High Street, East Maitland, NSW 2323. Conveniently located just around the corner from our previous address, this move marks an exciting new chapter for Crest as we continue to grow.

Intergenerational Wealth Transfer Challenges

At our new premises, you’ll find not only our dedicated accounting team but also a full team of financial advisers, paraplanners, and administrative staff. This collaborative setup ensures that all our clients have access to comprehensive support under one roof, whether for accounting or financial planning. We’re here to support you with the exceptional service that Crest has been known for over 25 years.

This new office is part of our ongoing journey to enhance our client experience, expand our resources, and uphold the values that have defined Crest since the beginning.

We look forward to welcoming you to our new office at 93 High Street, where we will continue to help you achieve your financial goals.

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]]> Intergenerational Wealth Transfer Challenges https://www.crestfs.com.au/finance/intergenerational-wealth-transfer-challenges/ Tue, 20 Aug 2024 22:00:06 +0000 https://crestfs.psydev.net.au/?p=1 The transfer of wealth between generations is a pressing issue in Australia, with an estimated $3.5 trillion expected to be passed down from those aged 60 and over in the next 20 years.

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News

Intergenerational Wealth Transfer Challenges

The transfer of wealth between generations is a pressing issue in Australia, with an estimated $3.5 trillion expected to be passed down from those aged 60 and over in the next 20 years. This transfer, nearly the size of the current superannuation system, presents both opportunities and challenges for older and younger Australians alike. Understanding and navigating these complexities requires open communication and strategic financial planning.

Intergenerational Wealth Transfer Challenges

The Challenges for Australians Under 40

Australians under 40 face a multitude of financial challenges. Rising housing costs, ongoing mortgage repayments, family planning, and career progression dominate their financial landscape. These years, while marked by significant milestones such as buying a first home, having children, and advancing careers, often lack crucial conversations about future wealth distribution with ageing parents.

AMP’s recent research highlights the dynamics within families regarding intergenerational wealth. Many under 40s strive for financial independence, avoiding reliance on the “Bank of Mum and Dad,” despite concerns over housing affordability impacting their long-term wealth. Key findings include:

  • 4 in 5 under 40s have not asked their parents for financial support.
  • 3 in 5 have not discussed wealth transfer with their parents.
  • Only 1 in 5 rely on potential inheritance for future financial security.
  • Half of those surveyed anticipate needing to support their parents financially as they age.

In this economic environment, intergenerational wealth discussions are critical. Younger Australians exhibit a lack of confidence in achieving financial independence, compounded by the belief that their generation faces greater financial challenges than their parents. This sentiment is particularly strong among those under 29, with many believing that property ownership, crucial for long-term wealth and retirement security, is increasingly out of reach.

Conflicting Priorities for Older Australians

For older Australians, retirement is a time to enjoy the fruits of their labor and consider how to pass on their wealth to the next generation. However, retirees face competing financial goals: maintaining their lifestyle, preserving capital, supporting children, and planning for aged care. Many are burdened by the fear of running out of money, or “FORO,” which affects their quality of life and their willingness to discuss wealth transfer with their children.

Research shows that:

  • 4 in 5 Australians aged 65 and over believe their children face tougher financial challenges now compared to their own experiences.
  • 3 in 4 think it’s important to pass wealth onto their children.
  • Many lack financial confidence in retirement, with 3 in 5 more concerned about having enough money than they were a decade ago.
  • Close to 3 in 5 anticipate compromising their quality of life in retirement.
  • Despite the desire to help, 4 in 5 are not willing to downsize their homes to provide funds for their children, and 7 in 10 are unlikely to adjust their lifestyles for wealth transfer purposes.

The Role of Financial Advice

Financial advice is pivotal in addressing the intergenerational wealth challenge. Advisers can help both older and younger Australians navigate these complex issues with tailored strategies that suit their unique circumstances.

For younger Australians, advisers can develop successful wealth creation and protection strategies, considering their entire financial situation, including intergenerational wealth dynamics. They can facilitate discussions with parents about wealth transfer and provide insights into the implications of various decisions.

For older Australians, advisers can boost financial confidence by clarifying options such as gifting assets or using home equity. This helps ensure a secure retirement while also supporting children financially. Solutions that provide income options in retirement can alleviate fears of running out of money, enabling retirees to enjoy their retirement years without compromising on their lifestyle or financial support for their children.

Crest advisers are prepared to assist you in developing the best strategy for your needs, ensuring that your financial goals are met while supporting your family across generations.

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