How do you know when the advice is right?
Appropriate financial advice can be life changing because you are tapping into the mind, and technical expertise, of a qualified and trained professional whose job it is to know the ins and outs of financial services, and stay on top of regulatory change. Financial Advisers are required to complete 40 hours of Continuing Professional Development each year to remain qualified and compliant – ongoing learning and development is a huge part of a Financial Advisers’ value to their clients. Many Financial Advisers do not work independently, but as part of a team with experts in research, investments, insurance and the technical landscape. A broader and qualified team may contribute to a more well-rounded and holistically considered financial plan for each individual client.
Do your own research
There are reliable websites you can use to research the qualifications and specialist areas of a Financial Adviser. These include:
Look at the published research
In 2020, CoreData conducted a survey1 for IOOF with a sample size of 11,615 advised clients and 1,000 unadvised individuals across Australia. The research showed overwhelmingly that financial advice made a positive impact on the advised clients.
The research showed that:
84% of advised clients agree the value of advice outweighs the costs
91% agreed receiving advice helped them to achieve their financial goals
82% believe advice helps inspire them to work towards and reach their goals.
Talk to us
We have capacity to take on new clients and welcome the opportunity to meet with you.
1 True Value of Advice Research by CoreData for IOOF 2020