A recent Australian study conducted by Hall & Partners Open Mind asked what are the most important factors when it comes to financial advice?
- That the financial adviser is independent 61%
- That the financial adviser has specialist knowledge (e.g. tax) 56%
- That the financial adviser has relevant accreditation 52%
- The financial advisers track record 47%
- The cost of the advice is 43%
- Recommendations for the financial adviser 28%
- Other 4%
As shown above, the majority of respondents are looking for a knowledgeable independent adviser who can be trusted to give high-quality recommendations. Make sure you look for these qualities when appointing a financial planner to look after your wealth.
Visit choosing a financial planner for more information.