Friday, 15 February 2019

Are you receiving truly Independent Financial Advice?

So, The Royal Commission into the banking sector has officially wrapped up. We are now left with a string of recommendations that the Australian government seems to be well and truly behind.

One of the biggest talking points is the term ‘Independent Financial Advice’.  A key recommendation from the Royal commission is that all financial advisors must disclose their independence (or lack there of) to clients.

Independent financial advisors are actually not new, however they are scarce. There are currently only roughly 60 financial advisors practicing gold standard independence in Australia.

A unique offering

When it comes to financial advice, bigger is certainly not better. Independent financial planners in Sydney offer a unique array of services to their clients.

These services are fully customised to their clients needs and desires, due to the fact that gold standard independent financial advisors don’t serve the agenda of financial companies. The client’s agenda is the only one that matters.



Three Pillars of Independent Financial Advice

Focus

The focus is purely on the client and the client’s needs. Gold standard independent financial advisors uphold the most stringent level of standard. This means that they are ethically and legally obligated to put their client’s interest first. Independent financial planners do not accept kickbacks, commissions, referral fees or charge asset-based fees to their clients.

Flexibility

Ready for the best part? Gold standard independence means, financial advisors can choose from a wide spectrum of products. Regular financial advice firms hate independent advisors, as regular firms are stuck pushing certain groups of financial products and funds, even though they know that those products are not in the client’s interests. Independent advisors do not have quotas to fill or sales targets. They have the flexibility to choose the right product to suit their client’s needs.

It’s Personal

We are small business operators. We understand and appreciate client satisfaction, after all a happy client will keep returning to us year after year. Independent financial advisors are keen on building long lasting relationships with their clients. We absolutely work for you.

Plutus Financial Guidance, located in Chatswood, Sydney are your true independent financial advisors. Give us a call today to schedule a consultation and find out the real difference of independence.

For more info : - independent financial planners

Wednesday, 13 February 2019

Are you with an Independent Financial Planner?

Many people find planning for their future and setting out long-term financial goals daunting.

Is this caused by a fear of failure? If they are unable to reach that milestone they set?

Perhaps a feeling of unwelcomed restriction? After all the most common word you will hear after the term ‘financial plan’ is usually budget.

Independent financial planners aim to make this process less of a chore. They look at your personal situation and provide advice on all areas of your finances. From estate planning and superannuation advice to asset management and aged care financial advice.


Sure, financial services are multi-faceted and can be quite complex. However, here are three reasons why independent financial advisors are the stand out choice.

Versatility: Independent financial advisors remain unbiased and will only recommend the right financial strategy for their clients. Many regular financial planning businesses receive kickbacks and commission from financial companies. This means a regular firm will potentially only recommend a handful of different ‘financial products’ to their clients. Independent financial planners aren’t restricted in the advice they offer, meaning you’ll receive the right strategy and product to suit your exact needs.

Reputation: Independent financial planners only choose to operate as such, because they understand the importance of reputation. They understand that only a satisfied client will return for more business. For this reason independent advice is unbiased, tailored and much more ethical. They know this approach works. Independent financial advisors are for the long term.

Personalised: Many investors have needs that are unique to their situation. Independent financial advisors have a level of duty to their clients beyond the letter of the law. This means that their clients are put first. You are the most important factor for the advisor. With no commissions arriving from other avenues. Your result is the only way an independent financial advisor can grow their professional practice.


Are you working with an independent financial planner in Sydney yet? Talk to Plutus Financial Guidance today for further information.

For more info : - independent financial planners