value of financial advice
The source of financial stress
Two years ago I wrote about relieving financial stress for Stress Down Day. Fellow financial educator Carl Richards of Behavior Gap just released a new diagram that summarises one key source well: One value of financial planning is in removing the uncertainty and replacing it with clarity of direction and the confidence to act. So [...]
What price for financial advice?
Two days before Christmas the Australian Securities and Investments Commission (ASIC) released an interesting report into the financial advice industry titled “Access to financial advice in Australia“. There are many interesting insights in the report – the one I will highlight today is the cost of delivering financial advice. In conducting the research ASIC “surveyed [...]
An example of how DIY is costly
Do-it-yourself financial planning can be costly because often you don’t know what you need to know. With a litte more knowledge you would make a more informed financial decision that can both save and make you money. This was clearly illustrated in my conversation just now with one of the other tenants in my office building. Let’s [...]
Latest Research: You Save More by Paying For Financial Advice
Want to save more money? Then pay for financial advice. That is the one of the findings revealed in this latest research by KPMG/IFSA. Clients of financial planners on average save over $2,400 per year more.
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