Financial advice

If you’re making significant financial decisions, or are serious about retirement planning, at some stage you’re likely to seek financial advice.

The key is to use an independent financial adviser who is not rewarded with commissions for selling you financial products. Any adviser you use for superannuation advice or retirement planning should charge a fee, rather than accept commissions.

Set out below are all SuperGuide articles explaining Financial advice.

Financial advice: Only 74 independent financial advisers in Australia

Note: This article is updated regularly when new financial advisers join the independence club (latest update November 2015). A financial adviser does not have to be a member of the IFAAA to join the SuperGuide list, provided they can declare that they satisfy the requirements of being an … [Read more...]

Fund choice: Choosing a super fund without an adviser

The questions that Australians need to ask when considering seeking financial advice when selecting a super fund are: how do I find a good adviser, and how do I know the advice I’m getting is appropriate?One option for resolving the dilemma of finding a good adviser is not to get advice. … [Read more...]

Financial advice for super: Is it worth the money?

You don’t have to get advice when choosing super funds, or when considering making extra super contributions, or for any other financial matters. If you do want advice however, do some research on reputable advisers.Advisers deserve to be paid for providing advice but you have to decide how you … [Read more...]

Help! How can we find independent financial advice?

Q: My husband and I are looking to start a SMSF. We have been able to find sources for the set up, accounting and audit of the fund and are now looking for assistance on the investment portfolio. We have a share portfolio outside super and so we have some knowledge in the area but do not feel … [Read more...]

How to spot an independent financial adviser

Note: SuperGuide originally published this article about five years ago, but the topic remains highly relevant for readers today. We have updated the original article with information on the legal definition of ‘independence’ and the IFAAA’s version of independence.Every week I receive emails … [Read more...]

SMSF expertise: How do I find a SMSF provider?

Q: I would like to know who is the best SMSF specialist in my state, who I can get to do my SMSF audit and tax return, and give me the best advice on what to do in relation to running my SMSF.Unfortunately I am unable to assist you with specific recommendations, but we can provide you with some … [Read more...]

How many financial advisers operate in Australia?

Q: I’m looking for information on an approximate breakdown of how many Australian financial advisers are part of a dealer group, and how many are operating by themselves as individual businesses. I’ve asked ASIC, FAA and the FPA and I can’t get an answer. Looking through the older ABS stats it also … [Read more...]

Still wanted: all independent advisers in Australia

More than six years ago, SuperGuide embarked on a long and arduous mission. We decided that we wanted to find every independent financial adviser in Australia, and to give these advisers an opportunity to let SuperGuide readers know that they exist.For the past 6 years, we have published a list … [Read more...]

SMSF basics: Trish’s 10 commandments of DIY super

If you’re running a self-managed super fund (SMSF), then you’re obviously aware that being a SMSF trustee/member is a very different experience to belonging to a large super fund. In a large super fund, someone else looks after your superannuation benefits. As a SMSF trustee, you make all of the … [Read more...]

SMSF expertise: Debunking the DIY super myth

The practice of calling self-managed super funds, ‘DIY super funds’ upsets the regulator, and also concerns many of the service providers making a living from helping individuals set up, and run, self-managed super funds (SMSFs).The key message emanating from the SMSF industry is that you can’t … [Read more...]