Financial Advisor

Discussion in 'Financial Planning' started by Al1979, 15th Jan, 2018.

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  1. Al1979

    Al1979 Well-Known Member

    Joined:
    24th Jan, 2016
    Posts:
    111
    Location:
    Australia
    Hi Guys,

    I am looking for recommendations on a financial advisor that can give advice on life insurance, income protection etc. I don't need advice on investing at this stage however impressive performance may encourage further requirements of services.

    I am hoping to find one that is pay for service and not commissioned on putting me into something that doesn't suit me.

    Any advice here would be appreciated.

    Thanks in advance.
     
    Al1979, 15th Jan, 2018
    #1
  2. Simon Moore

    Simon Moore Residential & Commercial Mortgage Broker Business Member

    Joined:
    4th Mar, 2016
    Posts:
    556
    Location:
    Level 2 287 Collins St Melbourne VIC 3000
    You will struggle to find an adviser that does not take commission on insurance. What location?
     
    Simon Moore, 15th Jan, 2018
    #2
    Al1979 likes this.
  3. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,684
    Location:
    Perth WA + Buderim Qld
    Most insurance advisors will be paid commissions, much like mortgage brokers. It does not necessarily mean they'll give you a product that's not in your best interests - I could be wrong, but if it's like mortgage broking the comms are not that different no matter which product you use.
     
    Jess Peletier, 15th Jan, 2018
    #3
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  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
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    Location:
    Gold Coast (Australia Wide)
    Have you got any non deductible debt ?

    ta
    rolf
     
    Rolf Latham, 15th Jan, 2018
    #4
  5. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia
    We are in Melbourne and Roskow do not charge commission for insurance (if you have insurance that do pay commission they will refund this to you) but they do charge a monthly fee for the advice which will include insurance but also reviewing shares, property and goals etc.

    We have been with them for about 1 year and the service they have provided for us was much better than the previous financial planner (about 3 years).

    Do you own DD if they are suitable for you.

    Quality Independent Financial Advice for High Achievers
     
    Big Will, 19th Jan, 2018
    #5
  6. Trainee

    Trainee Well-Known Member

    Joined:
    24th May, 2017
    Posts:
    10,327
    Location:
    Australia
    How much are you willing to pay?
     
    Trainee, 19th Jan, 2018
    #6
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