Every Australian has a unique goal or ideal outcome when it comes to their personal wealth. This article touches on one of the most important points to look for when searching for independent financial planners in Sydney.
The Independent Financial Advisors Association of Australia (IFAAA) Gold Standard of Independence is a symbol for genuinely independent financial advice. This is the most rigorous standard of independence in the financial services sector in Australia.
An IFAAA certified advisor is independent because they do not own or have links to product manufacturers, do not receive commissions and do not operate on asset-based fees. There are currently fewer than 20 independent financial advisors around Sydney operating at this standard. The (IFAAA) Gold Standard can be viewed much like a health care professional, whereby an advisor’s true focus is your financial wellbeing, thus providing genuinely independent advice.
Additionally, it’s important to note that growing your personal wealth for the future is a long-term commitment. Therefore it’s essential that your independent wealth advisors are able to give you the support you need. Any financial planner Sydney that offers unrealistic or short-term guarantees should raise an automatic red flag.
Keep in mind that all financial advice, especially when sourced from the Internet, is of general nature and should not be acted on without a professional opinion of your personal financial situation.
At the end of the day, choosing a Financial Advisor Sydney can be a tedious process. You are, after all, leaving your financial future in someone else’s hands.
Do your research and find a professional who is able to provide a highly tailored and unbiased experience. Making sure your selected independent financial planners are IFAAA Gold Standard of Independence certified is definitely a great start.
