Getting Advice
Creating Wealth: Should you D.I.Y. Or Outsource?
To create wealth is it better to do it yourself or outsource? Is an active approach better than passive? If you do outsource some parts, how do you know what to outsource? In this interview on Wake Up WA, I answer these questions with a unique model I have developed. Watch the video now.
Fee based advice hard to find
If you are wary of your financial adviser being biased by commissions then you will want to work with an adviser who charges fees and rebates commissions to you. But according to new research released today such an adviser may be hard to find, with only approximately 1 in 10 Australian financial advisers focused on [...]
Australia’s Top 50 Financial Advisers
Released last Friday, the February 2008 edition of The Australian Financial Review Smart Investor magazine announces the 2008 members of the annual Masterclass for Financial Planning. If you are seeking financial advice but unsure how to filter the thousands of financial advisers into ones you can trust to know what they are talking about, then [...]
Trust pros for financial advice over friends and family, survey suggests
About one in six Brits has received bad financial advice from their friends and family and have suffered financially and emotionally as a result, according to new research from the specialist mortgage provider (Birmingham Midshires)Almost one in five (17%) wasted a lot of time in the process. Just over one in 10 (12%) admitted that [...]
What is the value of financial advice?
Socially when I speak to people who have never seen a financial adviser, and are still reluctant to do so, one of the main reasons has been that they don’t see any value in using a financial adviser. Sometime they sense that an adviser delivers some benefit but that those benefits don’t outweigh the costs [...]
Profit sharing with your adviser
If you paid your financial experts solely on the basis of a percentage of the benefit to you of their recommendations, what percentage would you prepared to give them? I just had a conversation with a client who I sense is very fee conscious. Fee appears to be the major, initial focus and by comparison [...]
How to reclaim trail commissions
Do you have investments, superannuation accounts and/or insurance policies sitting around? If you’ve had them for years then it’s quite possible that some company somewhere is receiving an ongoing (trail) commission from that product, and you possibly don’t know who they are. If you’ve had no contact from them then they are just receiving the [...]
What is fee for service financial advice?
The financial advice industry is still evolving and consequently there are lots of different ways that you will pay for the education, guidance and advice that you receive. Prior to seeking advice it is a good idea to be clear on what type of advice you are seeking and also to get a handle on [...]
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