good financial planners

Hi does any one know any good financial planners which are not to expensive?

I am thinking of Freeman fox even though a little expensive. Also has anyone heard of Tricom for managed funds etc?

Tricom

Is Steve Navra a good Fplanner?

need some help before i make the switch!!!

I don't know of any good cheap financial advisors.

Though I know plenty of cheap dodgy ones that will prove very expensive in the long run!

Hi Triu,

Tricom is a mid-size brokerage firm in Sydney, I've got a mate who works in the equities area. Whether this means their managed funds are any good, who knows...

A planner should be charging you on what you specifically want, personally I don't believe that they should be bundling you into a membership but for $10k a year it would be making them very rich. After 10 years you would have paid $100k!!!

Check out the FPA Good Advice guide (Welcome to the FPA) which suggests a financial planner may charge an ongoing trail of between 0.6% and 1.0% per annum.

Also this takes away from the quality and personalisation of your whole plan, usually trails are up to 1% which means to make it cost effective I'd want between $1m and $2m in net assets to feel that I'm not getting ripped off.

Cheers,

Dan

I was impressed by Navra Financial Services.
I already had a plan of sorts mashed together after asking lots of questions on this site. After looking through my answers to their fact finder sheet, the advisor was happy enough to say that at this stage they wouldnt be able to add more value to the plan. So you only have to pay them if they can add value to your situation. Good eh