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Hey great convo Occam and Wooly. You're only talking to each...

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Faye Dingaway

969 Posts.

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25/06/17

19:59

Post #: 25479609
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Originally posted by Occam Logic ↑

Ah
It's not the usual arrangement. I use them to transact in my super portfolio for a flat fee, but they do not give me advice on the composition of investments, I have complete control over that aspect. I mainly use them for tax, legal and other specific advice aspects like investment structuring, estate planning, inter generational planning etc. There is a lot of intricacies on these issues that I could work out accurately given enough time, but I find that it's actually cheaper and more effective to let them do that stuff, particularly when so much of it is governed by changing legislation. So I am currently a relatively low 'value' client to them in dollar terms, but I am also low maintenance for them at this point. If I ever decide that I no longer have the time to run my own super portfolio, I can turn it over to them. Outside super, I run my own investments totally hands free.

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Hey great convo Occam and Wooly. You're only talking to each other but I (and doubtless plenty of others) am learning all sorts of stuff thanks. Managed funds are foreign to me so it's great to get some quality information about them thanks. Beats the hell out of all the rubbish on here.

Cheers.
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