Smooth Retirement has been created by financial planners and financial services professionals to help Australian retirees – specifically baby boomers.
Co-founder, now CEO and Managing Director, Scott Phillips, came up with the bones of Smooth Retirement when working as State Manager WA of State Plus in 2015.
His initial concept of equity release delivered via an online platform was in response to the number of clients he was seeing at State Plus facing the same problem - time and time again.
So many distressed people facing the grim reality of their financial situation – not enough savings to last their whole retirement and / or facing the prospect of a substantially reduced income and lifestyle compared to when they were working. In almost every case, the majority of their wealth remained untouched and contained in the family home.
Scott believed retirees deserved a much better deal and many more options than those currently being provided to them by the financial services sector.
He also felt that the system set retirees up to feel as if they had failed when in fact they had worked hard and successfully paid off their homes – likely including times when interest rates were at record highs.
The idea continued to develop throughout 2016, whilst Scott was working as Business Development Manager for NEO Financial Solutions.
A chance meeting with Adelaide-based mortgage brokers Bob and Daniel Budreika in May that year cemented the concept.
Bob had been working with retirees for many years and agreed that better information and access to equity release and reverse mortgages as part of a long-term strategy would help so many older Australians.
The three founders Scott, Bob and Daniel met in February 2017 for Smooth Retirement’s inaugural working group and the official start of the project.
In May 2017 the company became an incorporated entity and in September the development of the intellectual property and smart technology commenced.
Since then we have continued to develop as an organisation, with a skilled and experienced team and growing Advisory Panel comprising senior executives and professionals from the banking and financial services, insurance and superannuation, technology, legal and marketing sectors.
We are committed to delivering a service we are proud of and one that creates a much better deal for retirees, making equity release more accessible, easily understood and part of a long-term solution.
That’s why we have created a new generation, Australian owned and operated, company that is:
We are not aligned with lenders or banks and we’re here to assist the increasing number of Australians heading into retirement with little in superannuation or savings but who own their own homes.
Our smart technology combined with our dual licences (Australian Financial Services Licence and Australian Credit Licence) enable us to deliver long-term, holistic income strategies to guide clients comfortably and securely through their retirement.
Our aim is to financially liberate Australian retirees by providing them with the tools and knowledge they need to plan for a more secure, stress-free and enjoyable retirement.
Learn more about our team.