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| Fact: |
| Those who do not believe they have enough money to make financial planning worthwhile may be surprised to learn that 94% of those with a household income below $40,000 who have used the services of a financial planner benefited from the experience.* |
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Financial advice is a valuable professional service which carries a cost. The cost depends on the complexity of the clients' financial situation and the level of service provided by the financial planner.
There should be no hidden or surprise costs involved. You can generally discuss payments with your financial planner at the first meeting.
The Financial Services Guide (provided to prospective clients) explains the services on offer and their costs.
The Statement of Advice (which is the recommended financial plan for the client) details all the specific fees and charges payable to the planner based on the advice given.
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_____________ *FPA research on consumer attitudes to financial planning; ^ Figures based on research among FPA members.
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