Financial Planner in Canberra

Beware of Retail Super Funds and their Commissions.

What Georges & 54-11 said was very true – using someone like AGEST is a good idea and Civic will only give you advice on what they receive a commission from. But if you need advice AGEST for example have a seperate company that provides it (at a pre-quoted cost), which means you know how much you’re going to pay before you pay it, unlike retail.

Go easy on not wanting to see an “Investment Plan” (though thousands of dollars cost is a good thing to avoid on a small sum).

They’re going to need to ask a heap of questions – it’s their responsibility to get to know you as their client BEFORE they give you any advice, other than very generic stuff.

Seek out fee-for-service as well, instead of someone who will take a trailing commission.

Mark Edlund at Clarity. 6209 1990
Comes from a loan background but has now branched out into fin advice too. Good, solid, honest advice. Nice guy too.

Go with an industry fund, for example AGEST.

Don’t go anywhere near Civic Finacial Planning – every bit of advice they give is geared toward maximising their commissions and secret kickbacks, and never with the client in mind.

Indeed, far too many of these so-called “advisors” are not working in the best interests of their client at all. All they are doing is steering people toward those investments that pay the advisor the most. The whole industry is composed of liars, rogues, charlatans, cheats and thieves.

colourful sydney racing identity said :

My recommendation is to ignore any repsonses to your query from anyone who is listed as a ‘newbie’. They are highly likely to have a vested interest in the info they provide.

On the other hand they could be just long term members who dont feel the need to add useless comments to the discussion at hand. For the time being ‘newbie’ just means you havent commented much previously.

Spend less. Save more. Kthxbai.

+3 for Malcolm

I’m currently sorting through this mountain of numbers too.
I’ve been using Alex at Capital Reliance. He was recommended by my accountant.
He gives advice, but lets me make my own decisions, whether he agrees or not.
As long as they are up with all the latest legislation, loopholes & schemes they should be o.k ( he is)

I’m +1 for Wybrow and Associates.