Australians are now much more savvy and interested in managing their financial affairs (including retirement savings/superannuation), and are willing to pay more for sound financial advice to do so.
In fact, a recent survey of over 10,000 Australians, conducted by Investment Trends:
(a) Estimated that 2.5 million of us intend to seek advice from a financial adviser within the next 2 years (representing an increase of 32% from the previous year).
(b) Indicated that some will seek advice from their superannuation fund, whilst others will use the services of a (private) financial adviser.
(c) Revealed that Australians are willing to pay more for financial advice than they were a year ago, but that the amount they are willing to pay is still significantly less than what advisers estimate as the cost of delivering the service.
As Investment Trends senior analyst, King Loong Choi stated, "Many understand that receiving financial advice can help improve their financial wellbeing, and our research shows that those who use a planner typically feel financially better off. However, the way advice is currently delivered may not be aligned with how many Australians would prefer this to be delivered".
That is why at Kidmans Partners, we provide TAILORED financial planning service packages – with our fee for service model, you only pay for the advice and services you request.
So not only is the advice provided tailored for your particular unique circumstances, but our fees and service packages are also tailored for your unique requirements and budget.
For further details of how we can assist you with your specific financial planning needs, please contact the head of our Wealth Management division, Manish Sundarjee, via +61 3 9836 2900 or at firstname.lastname@example.org.