Business
How financial advice can add 5.3pc to your bottom line – The Australian Financial Review
An adviser charging a fee of $3250 to a client with a $250,000 balance can potentially deliver $13,250 of value – or $10,000 extra in the pocket.
Interestingly, that value is not just in selecting winning investments for clients. Contrary to popular perceptions of the industry, Russell believes the value of good advice goes “beyond investment management”.
Instead, a full 2.2 per cent of the 5.2 per cent expected to be gained from advice comes from helping investors not make stupid decisions for example, joining the global panic selling that accompanied the onset of the coronavirus pandemic.
“For someone with an investment balance of $25…
-
General22 hours agoFederal government funding extends cohealth GP services until July 2026
-
Business23 hours agoWhat I’d buy if I had to invest $20,000 in ASX 200 shares before the weekend
-
General6 hours agoMildura man given 28 years to pay $73,000 in unpaid fines and tolls
-
General9 hours agoAustralia’s race to rewire the country amid a global transmission boom is not unique