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