Ezi Advice Solutions

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Bean27, 27th Apr, 2020.

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  1. Bean27

    Bean27 Well-Known Member

    Joined:
    8th Jan, 2019
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    Location:
    Devonport
    Hi all

    I have my super in Australian Super in a balanced option and because i'm only 29 I haven't thought too much about it. They were one of the best ranked so just picked them.

    I had a call today from this Ezi Advice Solutions on the gold coast and one of the advisers reckoned he could get me an investment return of 15 % in a different fund. It sounds too good to be true so it probably is. I have never heard of more then 8-9 %. Anyone heard of Ezi Advice Solutions or a return that high?
     
    Bean27, 27th Apr, 2020
    #1
  2. Lindsay_W

    Lindsay_W Well-Known Member

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    Quick ABN search shows they've only been registered for just over 1 year - would you put your Super with a company that has 0 track record?

    YEP

    *Note anyone cold calling about Super or, any other investments for that matter, I would be extremely wary of*
     
    Last edited: 27th Apr, 2020
    Lindsay_W, 27th Apr, 2020
    #2
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  3. Bean27

    Bean27 Well-Known Member

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    Devonport
    Thought so, just thought I would double check. cheers
     
    Bean27, 27th Apr, 2020
    #3
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  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Seemingly a legit authorised rep of a licensed AFSL entity....Hang up. Block the number after you write it down.... Its illegal to offer unsolicited financial products and cold call regarding super. It is certain to be dodgy based on the belief of 15% returns without knowing all your information and a failure to offer product disclosure and other compliance information that is mandated. You can report this to ASIC. It will save others
    How to complain | ASIC - Australian Securities and Investments Commission

    Your true rate of return could be -100%

    If they are seeming to induce you to use a smsf and it doesnt fit your needs or your risk exposure and costs etc it could be dangerous and manipulative financial advice.
     
    Paul@PAS, 28th Apr, 2020
    #4
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  5. JohnPropChat

    JohnPropChat Well-Known Member

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    Run and don't look back.
     
    JohnPropChat, 28th Apr, 2020
    #5
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