Our Adviser Profile this week is Peter Nonnenmacher, a Platinum adviser with 11 client reviews with an average client rating of 99%. Peter has been highly decorated in the Financial Services industry, which he has been part of since 1978 and is the Principal at Hillross Macarthur in Campbelltown, NSW.
1. Best thing about being a financial adviser?
Helping people achieve their idea of financial freedom, whatever that may be. I enjoy seeing the difference I can make to someone’s financial wellbeing by providing appropriate advice.
2. One thing you would like to see improved or changed in the industry?
A focus on reducing the high compliance cost and burden. So many experienced advisers spend considerable resources and money on sometimes trivial compliance, which ultimately increases the cost to consumers to get good basic financial planning advice. It is increasingly becoming too expensive for the average person to access good advice.
3. The areas on their finances or economy that worry your clients the most?
The perceived continual changes to the superannuation rules. They appear to be too confusing and changing the goal posts too often.
4. What's the strangest question a client has ever asked you?
Can I provide an investment that provides high growth, a regular high income, tax efficient, no volatility, very liquid and has no risk!!
5. If you could get three things into consumers' heads about what advisers do or don't do what would they be?
a) We make time to understand and simplify your financial position, not make it more confusing.
b) We provide a game plan, called a Statement of Advice, to ensure you have a goal to save on a regular basis, grow your wealth, protect your assets, make informed decisions and NOT implement advice you get from your friends.
c) To protect what assets you have already built up over the years and do not think we are “old school” insurance salesmen.
6. How do you describe your job at BBQs?
I assist people to achieve their idea of financial freedom.