Good for the Right Client, But Know What You're Getting
After working with this advisor, I'd say they're a solid fit — but only for a specific type of client. If you're primarily focused on property investment or want someone to manage everything completely hands-off, they could be a good match. Their knowledge around mortgage broking and building wealth through property is where they genuinely shine.
That said, I found their approach to share investing more complex than necessary and not particularly optimal. For anyone interested in straightforward, low-cost investing, you may find their strategy doesn't align with best-practice approaches like index fund investing.
The fees are on the higher side, and I'd strongly encourage anyone considering this advisor to scrutinise them closely. Ask yourself: what is the opportunity cost of those fees if the same money had simply been invested in a low-cost index fund? Over time, that gap can be significant.
My personal takeaway for most investors:
• A fixed-fee advisor paired with a good accountant will likely serve you better and be more cost-effective
• Keep your portfolio simple — low-cost index funds are hard to beat
• Max out your super contributions before looking elsewhere
• If property is your goal, consider putting that advisory budget toward a buyers agent instead — you'll likely get more targeted value
Bottom line: this advisor suits someone with a clear property focus or someone who genuinely wants to be completely hands-off and isn't too fee-sensitive. For the self-directed or share-market-focused investor, I'd look elsewhere.
अनुभव की तिथि: 01 January, 2025
अनुभव की तिथि: 01 January, 2025