Comments on: 10 FREE Tips Your Financial Planner Doesnt Want You to Know http://www.bhatt.id.au/blog/10-free-tips-your-financial-planner-doesnt-want-you-to-know/ Technology Reviews, Movies and TV Shows, Personal Finance, Politics, Environment, Books... Tue, 07 Sep 2010 14:12:50 +1000 http://wordpress.org/?v=2.8.4 hourly 1 By: chris walker http://www.bhatt.id.au/blog/10-free-tips-your-financial-planner-doesnt-want-you-to-know/#comment-27330 chris walker Fri, 13 Aug 2010 09:58:07 +0000 http://www.bhatt.id.au/blog/10-free-tips-your-financial-planner-doesnt-want-you-to-know/#comment-27330 Hi, i would like to start by saying that this article-whoever it is writen by simply doesn't add up-those 10 things are reiculous, why wouldn't a financial planner want you to know this, there is no reason because they know that if what they suggest doesn't work the person will go to someone else. My father is a financial planner and he ensures that all of these are sucured(however i am unsure about no.9) before making a plan and after this develops a plan for the future taking into account the clients goals, lifestyle and quality of life. Therefore it may be so that some financial advisers may not have your best interests at heart (unlike John walker's at circular quay) But i would be very careful about generalising such which you have done in this article Hi, i would like to start by saying that this article-whoever it is writen by simply doesn’t add
up-those 10 things are reiculous, why wouldn’t a financial planner want you to know this, there is no reason because they know that if what they suggest doesn’t work the person will go to someone else. My father is a financial planner and he ensures that all of these are sucured(however i am unsure about no.9) before making a plan and after this develops a plan for the future taking into account the clients goals, lifestyle and quality of life. Therefore it may be so that some financial advisers may not have your best interests at heart (unlike John walker’s at circular quay) But i would be very careful about generalising such which you have done in this article

]]> By: Adam http://www.bhatt.id.au/blog/10-free-tips-your-financial-planner-doesnt-want-you-to-know/#comment-23323 Adam Wed, 07 Apr 2010 00:02:20 +0000 http://www.bhatt.id.au/blog/10-free-tips-your-financial-planner-doesnt-want-you-to-know/#comment-23323 Hi, I am a financial planner and can I suggest that if anyone goes to a financial planner that they ensure they are CFP qualified. This means they have gone to university and done a Commerce/Business Degree and then have done a further 3 years study and passed rigorous tests to become a CFP qualified planner, rather than someone who has done a quick diploma and is not really qualified to give advice. Hi,

I am a financial planner and can I suggest that if anyone goes to a financial planner that they ensure they are CFP qualified. This means they have gone to university and done a Commerce/Business Degree and then have done a further 3 years study and passed rigorous tests to become a CFP qualified planner, rather than someone who has done a quick diploma and is not really qualified to give advice.

]]> By: Marlene http://www.bhatt.id.au/blog/10-free-tips-your-financial-planner-doesnt-want-you-to-know/#comment-19826 Marlene Wed, 02 Dec 2009 03:23:33 +0000 http://www.bhatt.id.au/blog/10-free-tips-your-financial-planner-doesnt-want-you-to-know/#comment-19826 These are great tips. When it comes to investing, be sure to use facts and not just gut feelings. One of the best ways to do this is to find an experienced financial advisor that truly cares about your needs and goals. Meet with a couple different financial planners to get a good feel for what you are looking for in an investor. These are great tips. When it comes to investing, be sure to use facts and not just gut feelings. One of the best ways to do this is to find an experienced financial advisor that truly cares about your needs and goals. Meet with a couple different financial planners to get a good feel for what you are looking for in an investor.

]]> By: Neil http://www.bhatt.id.au/blog/10-free-tips-your-financial-planner-doesnt-want-you-to-know/#comment-19404 Neil Tue, 03 Nov 2009 09:07:34 +0000 http://www.bhatt.id.au/blog/10-free-tips-your-financial-planner-doesnt-want-you-to-know/#comment-19404 A quick comment about finding an adviser - I would recommend starting with the following site - www.independent-advice.com.au It lists advisers that are fee based and independent as per ASIC's definition of independence. A quick comment about finding an adviser – I would recommend starting with the following site – http://www.independent-advice.com.au

It lists advisers that are fee based and independent as per ASIC’s definition of independence.

]]> By: RoskowMR http://www.bhatt.id.au/blog/10-free-tips-your-financial-planner-doesnt-want-you-to-know/#comment-19389 RoskowMR Mon, 02 Nov 2009 21:52:41 +0000 http://www.bhatt.id.au/blog/10-free-tips-your-financial-planner-doesnt-want-you-to-know/#comment-19389 Paul, what did you get for the $880 you paid in fees? This blog was started in 2006 (and still going strong!); Neerav suggest anything more than a few hundred dollars is all you should pay for advice, but perhaps his view has changed. Everyone is different, some people are DIY investors and their situation is relatively simple and maybe only need to pay limited fees to add value to their situation; others have no interest and lots of complexity and pay much higher fees. I charged a client $13,000 in fees last year, but saved him 10 times that in tax; but the advice also included insurance, super, investments, estate planning, cash-flow strategies which will add more money over the years to come. It all comes down to what value did you get? <blockquote>EDITOR: Good point. I've changed the article text to "pay a fee based financial planner to do the research and explain the options to you, typically first meeting free and then paying a few $1000 for a detailed customised plan to be created for you"</blockquote> Paul, what did you get for the $880 you paid in fees? This blog was started in 2006 (and still going strong!); Neerav suggest anything more than a few hundred dollars is all you should pay for advice, but perhaps his view has changed.

Everyone is different, some people are DIY investors and their situation is relatively simple and maybe only need to pay limited fees to add value to their situation; others have no interest and lots of complexity and pay much higher fees.

I charged a client $13,000 in fees last year, but saved him 10 times that in tax; but the advice also included insurance, super, investments, estate planning, cash-flow strategies which will add more money over the years to come. It all comes down to what value did you get?

EDITOR: Good point. I’ve changed the article text to “pay a fee based financial planner to do the research and explain the options to you, typically first meeting free and then paying a few $1000 for a detailed customised plan to be created for you”

]]> By: paul http://www.bhatt.id.au/blog/10-free-tips-your-financial-planner-doesnt-want-you-to-know/#comment-19260 paul Thu, 29 Oct 2009 02:11:23 +0000 http://www.bhatt.id.au/blog/10-free-tips-your-financial-planner-doesnt-want-you-to-know/#comment-19260 I recently got some financial advice and ending up going with a strictly Fee for advice planner. At first I wasn’t going to see this guy, I actually thought he was ripping me off because the initial fee was $880. Please suggest I recently got some financial advice and ending up going with a strictly Fee for advice planner. At first I wasn’t going to see this guy, I actually thought he was ripping me off because the initial fee was $880.
Please suggest

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