http://www.adviceconnect.com.au Online financial advice tools direct from the cloud Mon, 02 May 2011 23:27:15 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.adviceconnect.com.au/financial-advice-market/industry-super-funds-still-focus-on-full-service-advice-solutions/#comment-317 Alex Mon, 02 May 2011 23:27:15 +0000 http://www.adviceconnect.com.au/?p=1485#comment-317 I think it is a step in the right direction with industry funds linking to fee only planners. A lot of planners seem to think that just because someone does not have a high income that they should be offered limited advice. That the advice might just be too expensive for them to benefit. I am a fee only planner and have many clients that would fit this category. I do know however that they have all benefited from reliable, trustworthy advice and they have certainly recieved value for the advice. Value comes in many forms not just the investment returns. Getting a client to do up a budget and giving them a system to manage their cashflow is probably one of the most important tools i have given to clients. Learning how to save and avoid debt is something clients can benefit from for the rest of their lives. It is likely to save them hundreds and throusands of dollars over their lives. And we havnt talked about investments yet. Giving a client appropriate good quality lifestyle protection advice is another as well as insurureing asset allocation decistion is right for them. We can also use our database over time to create triggers for cleints so that they know to come in and see us like as they get older. A fee of a few thousand dollars is money well spent when you consider the alternative of limited intra fund advice. It lulls consumers into a false sense of security and the advise is generally close to worthless which is why it is often given away free. I think it is a step in the right direction with industry funds linking to fee only planners. A lot of planners seem to think that just because someone does not have a high income that they should be offered limited advice. That the advice might just be too expensive for them to benefit. I am a fee only planner and have many clients that would fit this category. I do know however that they have all benefited from reliable, trustworthy advice and they have certainly recieved value for the advice. Value comes in many forms not just the investment returns. Getting a client to do up a budget and giving them a system to manage their cashflow is probably one of the most important tools i have given to clients. Learning how to save and avoid debt is something clients can benefit from for the rest of their lives. It is likely to save them hundreds and throusands of dollars over their lives. And we havnt talked about investments yet. Giving a client appropriate good quality lifestyle protection advice is another as well as insurureing asset allocation decistion is right for them. We can also use our database over time to create triggers for cleints so that they know to come in and see us like as they get older. A fee of a few thousand dollars is money well spent when you consider the alternative of limited intra fund advice. It lulls consumers into a false sense of security and the advise is generally close to worthless which is why it is often given away free.

]]> http://www.adviceconnect.com.au/financial-advice-market/industry-super-funds-still-focus-on-full-service-advice-solutions/#comment-316 Paul Meleng Sun, 01 May 2011 12:33:48 +0000 http://www.adviceconnect.com.au/?p=1485#comment-316 Completely right. Forget them. Let's just do it. Completely right. Forget them. Let’s just do it.

]]>