FEE PHILOSOPHY

 

GENUINE FEE FOR SERVICE

I have been a strong proponent for fee for service financial advice for the last 20 years. Being fee for service means I’m there to work in your best interests and preserve a genuine fiduciary relationship with you at all times. You can be assured I’m sitting at your side of the table when it comes to recommending investments and other products. At Killara Wealth:

  • I do not charge asset-based fees on the amount of money you invest. Asset based fees may be considered conflicted remuneration where they influence an adviser to recommend a product or strategy that may not be in the best interest of their client. For example, charging a fee on funds recommended to be invested, rather than using other potentially more appropriate strategies such as repaying non-deductible debt or purchasing a property.
  • Commissions are avoided wherever possible. Most products available on the market today do not pay commissions as they have been progressively banned by regulators. Some exceptions however do persist, particularly in life insurance. Where I recommend any new insurance or investment holdings, these will have no commissions. For some clients it will be in their best interests to retain existing products. Where these pay commissions that can’t be turned off any commissions received will be used to offset the cost of advice.

 

NO REFERRAL FEES

When I refer clients to other professionals, for additional assistance for example legal or accountancy services, I will refer you to the best-in-practice professionals for your needs. I do not have any financial arrangements for referrals with any professionals nor do I pay for client referrals.

 

To arrange a complimentary 15 minute discussion on how I can help you secure and manage your financial future please, contact me.

Killara Wealth

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