Myth: Planner fees are too costly
Fact: You can't afford not to have financial advice
Many people avoid visiting a financial planner because they are worried about the
cost, but when you consider all the benefits of advice, it is good value for money.
Planners sometimes offer a free initial consultation or a discounted first fee so people
don't have to engage in the complete financial planning process straight away.
People who want to spread out the cost can opt for scaled advice, which addresses
single financial issues at a time, such as budgeting, insurance or superannuation.
Myth: I won't get independent advice
Fact: It's all about choosing the right planner
It's important for people to take the time to find someone they trust. Look for a licensed
planner who does not receive up front commissions on super, managed funds or
retirement products. Look for a planner who charges a fair fee for the advice process
and a modest fee for implementation. Ask for recommendations from friends,
colleagues and family, or contact the Financial Planning Association for a referral.
Finances are very personal, so people need to look for someone who understands
them and their situation.
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Phone 07 4642 1179
www.hammockfinancial.com.au
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