why super can be run by dopes ..., page-25

BN,
I will start by saying I am a financial adviser. I am happy to tell people what I do? Definately. What you are forgetting or don't realise is that the majority of value adding for a client is in the strategy we implement for the client. The following are scenarios from my last 4 clients from this and last week.

Savings of $29,300 per year in tax and fees
Savings of $23,500 per year in tax and fees
Payments from Centrelink of approximately $23,000 per year that they were not currently receiving (x 2)

Would you pay fees for this advice? If so, what would you be prepared to pay? Cause you can bet that I charged them.

It's the bad mouthing of the financial industry that led to one of the above clients listening to his neighbour and costing him and his wife around $65,000 over the last 3 years. Hmmm, who do you think has "clipped his ticket"

Are their crooks in my industry, yep. - Storm, Opus etc
Are their bad advisers in my industry, yep.
Are their people that prey on the uneducated and uninformed, yep.

Name me any industry that doesn't have any of the above?

I will say that I am in a lucky position because I deal with a lot of HNW clients and business clients so I recommend SMSF's very regularly and I emphsize the "Self Managed" part so I dont have to stock pick very often at all.

Just had to have my little say to defend my industry. I assume you will come up with a rebuttal but just remember that financial planning is also about planning not just fund and stock picking,