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fees and commissions

Fee based advice hard to find

By Matt Hern on June 25, 2008

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 [...]

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Profit sharing with your adviser

By Matt Hern on November 28, 2007

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 benefits [...]

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How do you prefer to pay for financial advice?

By Matt Hern on October 5, 2007

One year ago a large institutionally owned financial advice group switched its charging structure to fee-for-service from commission. Since then all new clients have been fee-for-service. Existing clients have been able to opt to continue their commission structure.
Interestingly, one year on the dealer group reports that most existing clients have opted to continue with the [...]

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How to reclaim trail commissions

By Matt Hern on September 27, 2007

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 commission [...]

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What is fee for service financial advice?

By Matt Hern on August 20, 2007

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 the [...]

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