If you are quietly thinking to yourself that $20,000 p.a. in fee savings is a lot of money, you are right.
When it comes to investing, there are typically three sets of ongoing fees: a platform or administration fee, an investment manager fee and an adviser fee or commission. If you are able to reduce some or all of these fees there are potentially huge fee savings available.
Imagine a scenario where a retiree couple had $1,500,000 invested and their total investment fees were $32,970 p.a.. After receiving Financial Planning Advice from The Financial Advice Shop, the couple’s total investment costs were reduced to just $12,790 p.a.. This is not an isolated case and we have other stories just like this!
We all know superannuation and investment fees are far too high, particularly if you are a client of a bank or another large institution. Unfortunately, it is not always easy for investors to work out if you are getting a good deal.
If you have been invested in the same investment product for a long time it is quite likely there are now significantly cheaper investment options available to you. For a range of issues, including conflicts of interest, it is unfortunate that when a cheaper investment option becomes available, no one immediately brings it to your attention.
If you are serious about reviewing your superannuation/pension fees, we are serious about assisting you. The great thing about strategic financial planning advice and fee savings is that they could give you a much greater chance of having more money to spend in retirement.
What should you do next? It’s simple: make contact with us to see how we can help you.
www.financialadviceshop.com.au
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#financialadvicecanberra #financialplannercanberra #financialadvisercanberra #financialadvisorcanberra #financialplanningcanberra