importance-of-using-an-impartial-advisor

Our first engagement with any club is, almost always, to provide advice on how they can best use their property to achieve their financial and organisational goals. This advice considers factors such as the details of your property, the local market and the planning context.
Most importantly, this analysis is conducted in the context of each club’s specific situation, considering both your financial and organisational goals.
There is no right or wrong answer, or one size fits all process, to identifying the best solution for your club. However, there are some are some common and ultimately very costly pitfalls we see clubs falling into, such as when they:

  • Try to navigate the process without an external advisor – on numerous occasions we have been appointed to ‘clean up’ the process after a club initially tried to go it alone. Although we ended up in the right place, the process of unwinding and correcting the project was exponentially more costly and challenging.
  • Select an advisor with a vested interest in a particular outcome – we have seen clubs appoint various parties that have a specific focus, and invariably: the town planner recommends a planning proposal; the agent recommends a sale; and the developer recommends development. We believe truly independent advice is necessary to ensure that you select the strategy for your club which optimises member benefit and stands up to all levels of scrutiny now and in the future.
  • Engage multiple advisors throughout the process – changing horses mid-stream results in a loss of project specific knowledge that comes from partnering with an advisor from start to finish.

In emphasising the importance of an external advisor, we also note the importance of that advisor in bringing context to the role to ensure the optimal outcome for your club. At Augusta, we see context on three levels.

Firstly, at a sector level. After many years of working with clubs across Sydney, we understand that each clubs objectives, processes and approaches are unique. We also understand that every club requires the support of all stakeholders, from the Board all the way through to the membership. And commitment to the local community is at the heart of it all.

Secondly, at a club level. We get to know your clubs nuances, objectives and styles. Right down to guessing what outfit a Club President might wear to any given meeting! (hint: Hawaiian shirts are a good guess in summer).

Finally, at a project level. We become deeply entrenched in analysing and advising on the details of each project. From big things like managing risk, to the little stuff that makes your new club feel like home.
We strongly believe that this context and knowledge, combined with our firm commitment to independence, allows Augusta to provide unique value, insight and management as we guide you through the entire process of achieving your goals, whatever that may be.

To learn more about how we can help you get the most out of your club property please contact us on (02) 9966 8898 or email bdaly@augustaadvisors.com.au