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Financial Advising with positive intent

Financial Advising with positive intent

I recently wrote about how clients of financial advisers can ask questions to test for conflicts of interest around their advice relationship.  Reflecting on it since, my thoughts have now turned to exploring all the positive qualities that un-conflicted advisers can bring to their client engagements. Doing this has taken me back to what it was that attracted me to financial planning as a profession in the first place (for those that don’t know me,

How to pick a good one? (5 questions to ask your Financial Adviser)

How to pick a good one? (5 questions to ask your Financial Adviser)

There is no doubt about it, Financial Advice is taking a hammering at the Royal Commission into Banking and Financial Services.  With advisers charging fees for no service, making recommendations with the purpose of meeting sales targets and even charging to accounts of customers who have died it is clear that there is some work to be done to restore the reputation of financial planners in general. As a relative newcomer to financial services and

What you need to know about commission on life insurance

What you need to know about commission on life insurance

One of the biggest challenges facing financial planning as a profession is the need to shrug off its commission based origins. Early pioneers of financial advice were essentially door to door salesmen. Working for the big life companies and pounding the pavement, their wages were based on the number of policies sold. In some sections of the advice community, this style of remuneration is still very entrenched.  Even though a Statement of Advice document has

What Flavour Are You?

What Flavour Are You?

One of the great joys of being a non-aligned, fee only financial planner is that there can be many more flavours of advice than vanilla.  Without a big corporation to satisfy, there is no pressure to recommend certain products or strategies or even to adopt any specific style of advising. This frees up relationships with clients so their true needs can be looked after whatever they are: Complexities around family relationships and roles (blended families,

How to invest when you can’t predict the future

How to invest when you can’t predict the future

If only it was possible to predict the future.  Whether it be the lottery, the stock market or even which career to choose, we could always be certain of picking the winner.  Unfortunately life isn’t like that and we can only make decisions based on the information that is available at the time. Some investment advisers may try to give the impression that they have expert or inside knowledge of what is going to happen;

5 Things you should know about your Annual Super Statement

5 Things you should know about your Annual Super Statement

    It is that time of year again! Superannuation fund providers are preparing and sending out their annual statements. When yours arrives, here are a few things to check before filing it away.     1. Did you get more than one statement? If you have multiple superannuation accounts, it really is worth considering consolidating them. This will usually enable you to save on administration fees as well as making it easier to keep