The issues being current raised in the Royal Commission come as no surprise to many who are in the know but are kept silent in perpetuity through legal documents containing things like confidentiality clauses. In the end I felt obligated to start my own Financial Advice business and ultimately decided to make the necessary business changes to be able to call myself an independent financial adviser.
The problem for most people is that they don’t have a point of reference. People instinctively want to trust others but sadly this is not a sound strategy as it turns your financial future into a lottery: you might get lucky and find a great financial adviser or you might not.
A far sounder strategy is to seek a second or third opinion and from that process work out the questions you really need to ask and have answered.
If the Royal Commission hasn’t motivated you to take action and get a second opinion or third opinion then I’m not sure what will. If you don’t take an interest in your own affairs, rest assured no one else will either.
They say that the definition of insanity is doing the same thing over and over and expecting different results. If this sounds like you then its probably time for you to stop doing what you have always done with your financial affairs and instead explore ways to do things proactively and very differently.
At The Financial Advice Shop there is something very important that differentiates us from our so called competitors: we don’t want to be known for being big, we want to be known for being awesome so our clients are never just a number.
HOT TIP: The need for honest and practical financial advice has never been greater, so if you are over 50 and have significant wealth, contact The Financial Advice Shop without delay to see if we can assist with a cost effective Financial Advice Health Check to ensure you better understand all of your future superannuation contribution and investment options.
ABOUT THE FINANCIAL ADVICE SHOP: We are a leading, independent and experienced provider of strategic financial planning solutions for the over 50’s with a specific focus on cost effective investment options.
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