So you need expert advice, but do you need a financial planner, an accountant or a financial counsellor? We explain just who does what.
financial planning
Showing 21 to 30 of 53 results tagged financial planning:
After losing several relatives, Matt needs someone to tell him that his family will be ok whatever happens. So what does Paul Clitheroe think of Matt's plan for his money?
In 2001, a financial planner ignored John's instructions and invested 40% of his wealth in US shares. Then September 11 happened.
Investors who have been ripped off on a grand scale can take their case to court but a class action can come at a high financial and emotional cost.
It's all well and good for a financial adviser to have the right qualifications, a clean complaints history and operate fee-for-service, but the most important thing is the 'nanna test': bedside manner.
After the royal commission's damning report card, a big question has to be, "Where to now for retail superannuation?"
"I sort of trust algorithms more than financial planners who are linked to the products of their institutions," says mathematician and robo adviser client Lara Jordan.
Matt Campbell estimates that for the same price as two beers at the football he pays for $10,000 to be managed by robo adviser Six Park for five months.
Robo advisers are set to rise in the wake of the Hayne royal commission exposing the financial planning industry's high fees and conflicts of interest.
Not only were customers misled, overcharged and paid millions of dollars for services they never received but AMP made at least 20 false statements to ASIC.
