Financial Planning Perth

General discussion on the activities of a financial planner and their clients, as well as comment on broad industry trends and practices.

Trouble with the Law?

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No, it’s not what you think… In my experience, the legal profession has a similar problem to the financial planning profession – lots of people are scared to make an approach to use the services on offer. This could be the result of bad publicity, unrealised expectations in the past or bad experiences of friends…

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But who’s thinkin’ aboot the Bebe?

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It is a favourite parody scene from some of my favourite comedies – in the midst of a terrible turmoil there is someone runing from pillar to post, pulling out their hair while yelling (usually with an enforced accent), “but what about the baby?” It may be a long bow to draw any similarity but…

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Comparing Super Fund Returns

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For those who do not wish to visit a financial planner or those who simply want a quick response without having to go through lots of discussion, here is a very good website that offers fund comparisons. It is the Chant West “Applecheck” site. It focusses on more than just returns, and is an extremely good…

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Understanding Superannuation Fund Returns

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I’m sorry, that was just sooooo funny that i almost choked even as i was typing it. ‘Understanding’ is not a word usually associated with superannuation funds, never mind understanding anything about the investment returns achieved by those funds. APRA (the government body charged with supervision of a lot of these areas) has just released…

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Who needs a Financial Planner?

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Correct answer : No-one. Notes : This is correct on the same basis that no-one needs a doctor, a lawyer or a politician. Each of these professions fails to meet the “basic needs” criteria. The same argument could be put for trade professions such as plumbers, brick-layers, truck drivers or mechanics. It is quite possible…

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Vested Interests and Superannuation Advice

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We mere mortals here in Wealth & Security Planners have been bemusedly scanning the various reactions to Australian Securities & Investments Commission guidelines for the Trustees of super funds to be able to provide advice to their members. In case you missed it, the guide is set out here. The impetus for the change is…

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Legislating to ban commissions on superannuation

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For many years various pressure groups around the country have been trying to have legislation brought in to ban the payment of commissions from superannuation accounts. Pressure has mounted even further as links are drawn between commissions generated and the recent failures of MIS scheme operators Great Southern and Timbercorp, as well as the demise…

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