FlaginaToucPrime
New Member
How do you tell if a financial adviser is worth it?
Hey lads. I am looking over an SOA. I try to answer if it is worth it.
In the SOA, they will sort out our personal insurance. We are underinsured for life, TPD, trauma and income protection. They will also roll over our super into their platform. This gives a unified view. They will invest our super in a diversified, high-growth portfolio. They will manage it ongoing.
They get piad a percentage of our super balance. As super grows, their fee grows. They also get a substantial commission from insurance premiums. The platform has its own yearly fee.
The advisor does not charge extra for advice. That is included.
All in all, it is probably 5 to 6 grand a year.
I guess my question is... Am I getting value for money? Should I expect more value for the yearly fees?
Hey lads. I am looking over an SOA. I try to answer if it is worth it.
In the SOA, they will sort out our personal insurance. We are underinsured for life, TPD, trauma and income protection. They will also roll over our super into their platform. This gives a unified view. They will invest our super in a diversified, high-growth portfolio. They will manage it ongoing.
They get piad a percentage of our super balance. As super grows, their fee grows. They also get a substantial commission from insurance premiums. The platform has its own yearly fee.
The advisor does not charge extra for advice. That is included.
All in all, it is probably 5 to 6 grand a year.
I guess my question is... Am I getting value for money? Should I expect more value for the yearly fees?