by Adviser Ratings
The Royal Commission has recommended that mortgage brokers should be required to adopt the same obligations as financial advisers. In a headline grabbing change the borrower, not the lender, would pay the mortgage broker a fee for acting in…
by PJ Patterson
I want to invest for 5 grandchildren, who are all under 7 currently. I want a 'low' cost option that will give consistent returns over the long run. I anticipate funds could be available for their education, maybe to buy a car or to help them in…
by Adviser Ratings
Adviser Ratings has announced the establishment of an external governance committee to oversee a new rating system on financial advice licensees. The need for licensee ratings has been reinforced by the findings of the Royal Commission that…
by PJ Patterson
This week our adviser profile is PJ Patterson, a Silver adviser with 6 client reviews with an average client rating of 4.66 out of 5 Stars. PJ describes himself as a financial problem solver and is the CEO of Keystone financial in St Leonards, NSW.
by Ashley Davidson
When it comes to personal insurances, Australians are relatively relaxed about their situations. The old “she’ll be right mate” comment gets thrown around and is sometimes not just a throw away comment! It’s an endearing trait of ours but one that…
by Adviser Ratings
For Advisers, while your best interests’ duty and disclosure obligations have never been higher, new laws being introduced are a reflection that the current legal regime is still seen as insufficient to protect retail clients. The ‘Design and…
by David Lloyd
If you're thinking about downsizing from your family home, have you thought about bolstering your Super with the proceeds? If you qualify for "Down-sizer Contributions" you could contribute up to $300,000 to your Super from the sale of your primary…
by Adviser Ratings
The Royal Commission’s recommendation to remove upfront and trailing commissions paid to mortgage brokers was one of the most controversial ideas in the final report. After initially saying it would prohibit the payment of trail commissions for new…
by Simon Capp
Our question this week goes to the heart of the issue of fees. Is 1% of $500,000 about right? What is fair? What is good value? Should the payment be fee for service or percentage based on the amount of funds under management? Our advisers response…