ATTEMPTS by financial planners to block the federal government’s “opt-in” proposals could mean consumers paying up to 17 times more for advice.
A study released yesterday by Rice Warner Actuaries, commissioned by the Industry Super Network, found consumers were in front paying a set or hourly fee, as opposed to the asset-based fees favoured by financial planners.
The opt-in proposal is part of the Gillard government’s financial advice reforms, which will require advisers to contact clients every two years for permission to change their fees. Financial advisers oppose this, claiming …

By admin Jan 30 2011
Retirement Planning: new Tool Announced by GuidedChoice
GuidedChoice®, a leading provider of investment advice and managed account services for defined-contribution retirement plans, has announced the launch of GuidedSpendingSM 2.0, a major revision of its industry-leading retirement income advice program.
Reactions from beta testers and early adopters, including a 13,000 participant Fortune 500 company, have been extremely positive and helped shape the final product offering. This is the first online tool of its kind to be offered to all participants within a plan, rather than just …

About Me
I’m the founder and CEO of Financial Finesse, an innovative provider of financial education through group workshops, personal consultations, and interactive web applications. My career in financial education began when I started teaching financial seminars while running a hedge fund in the late 90s. I found a real hunger for unbiased financial education and discovered that my true passion was in helping people understand their finances so they could become financially secure and independent. when I answered the phone at my hedge fund as “Financial Finesse,” I …

Senior Financial Planners includes Charlotte Financial which not alone secures the future, but as well provides an acceptable acknowledgment on investment. Senior citizens should plan and choose banking schemes way in advance to accept good benefits. these banking schemes and affairs are offered by banks, armamentarium houses and banking institutions. Proper planning of accessible assets options leads to bigger administration of expenses. Retirees today face abounding challenges. From bloom affliction issues to the abbreviating amount of a dollar, seniors are concerned about the protection of their banking issues. According to …

Anyone can call themselves a financial planner or financial advisor; at this point there is no minimum experience or education required by law. To protect yourself, I suggest you only work with a person who has attained the CFP or Certified Financial Planner designation, and has a minimum of 5-10 years experience counseling individuals. This credential demonstrates a base level of knowledge, a degree of integrity, adherence to a strict code of ethics, and a continuing education requirement. while there are millions of ?financial planners? nationwide only 55,000-60,000 of those …

the Treasury has deferred the application of the National Tax Agent Services regime to financial planners until 1 July, 2011, a move which has been applauded by financial planning industry groups but has caused concern for an accounting group.
The new tax agent services regime, which has replaced six state-based Tax Agents Boards with a single, standard national system, came into effect on 1 March this year. Yesterday Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, announced new regulations that clarify how ‘in-house’ advisers and custodians …

Financial planning is not just a luxury of the rich; it is a must for almost everyone. Personal financial advisors, financial planners, and financial consultants, etc., are money management professionals who utilize the financial planning process to help individuals in sustaining wealth, or obtaining future wealth, and planning for retirement. Generally, there is one major difference in the way financial planners operate; it is of vital importance to understand this main difference before seeking their services.
Fee-Only Financial Planner
A fee-only financial advisor operates on an hourly rate. When one chooses a …

If you are earning money then it is quite natural that you are saving some or converting some in long term investment. But sometimes the whole process becomes very cumbersome. which investment option to choose, for how long to invest, how to tackle some financial issues, like pension plans, retirement plans, how to protect yourself and your near and dear ones, these are certain issues which need to be tackled efficiently. Now, you can use the services of financial planning services firms to take care of these and many more …

Most probably that you dream about a real financial planner career. of course it’s not difficult for me to understand your motivation. This means that you are likely to look ahead right into the future. of course every normal guy should think about his future and try to predict it of course. This job is really well paid so there’s no wonder that so many young guys dream to become financial planners. a career of a financial planner and a prosperous life should be understood as entirely equal things. so …

Perhaps you have already heard many times financial planners complaining about big sums spent on marketing. The matter is that now many financial planning firms feel that they don’t market at all. in fact many CPA are exposed to this strong fear. they are afraid of this horrible scenario of being left behind their rivals. I’m really surprised by the fact that when it comes to making investments in their activity then in this situation they are likely to do what is moat comfortable for them. have you already guessed …