Posts Tagged ‘Financial’
How To Ease Your Financial Pressures With Business Proprety Loans
Majority of the population is involved in business today. Business requires capital investment. It is not that easy to run a business without sufficient finances. If you face a situation where you require money urgently, you tend to borrow from outside. Borrowing money from relatives could be embarrassing. Now who can provide you such a huge amount? If you think of taking a loan, you are on the right move.
As you want to invest money into your business, therefore opting for business property loans will be a wise decision. These loans can help you meet the urgency of money.
Business property loans are designed for the entrepreneurs, who want to expand or improve the existing business, raise the operating capital, purchase an asset for the business or start up new projects.
As the name suggests, business property loans are secured against a property. The security can be a worthwhile asset of the entrepreneur. It can be the equity in home, car, business premises or bank statement. The lender has the authority to seize the borrower’s property if the repayments are not made on time.
The borrower has the freedom to draw money ranging from £10000 and £10million. The amount however differs from lender to lender. The rate of interest and monthly installments are decided according to the income and repayment capacity of the entrepreneur.
Business Property Loans are also available for entrepreneurs who are going through adverse financial crisis. If you have witnessed the problem of arrears, defaults, County Court Judgments or bankruptcy, opting for the loan will help you overcome the crisis. If you make a judicious use of the loan by using it for debt consolidation you can not only clear off your multiple debts but also improve your credit score.
While applying for business property loans certain documents are to be presented for the valuation of property. Details like business profile, nature of business, length of ownership, and current income are also important in the approval of business property loans. If the entrepreneur is planning to start up a new venture, he must discuss the business plan with the lender and how will it help him repay the loan.
Numerous lenders offering business property loans exist in the market. Approaching local banks and financial institutions is quite a messy affair. They demand lot of time and efforts. Plenty of documentation work is also there.
An alternative to these physical lenders is the provision of hassle-free online lenders. Online lenders facilitate the entrepreneur with a speedy loan approval. A simple online loan application needs to be filled up. The borrower need not worry about the confidentiality of the information given by him in the application form. It remains secured.
Make best use of your property and avail easy finance. Business property loans are there to ease your financial pressures.
Personal Loans to Get Rid of Financial Mess
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If a loan is applied for and used for personal purposes, it is referred to as a personal loan. It is a type of debt that is taken for family, household or personal uses. It is different from mortgage loans and business loans. The lender provides money to the borrowers as loans and the borrower pays back this loan amount. But generally the payment will be like regular installments. Personal loans are generally offered at a cost commonly known as debt interest. All your financial requirements can be easily solved with a personal loan. For reasons like family ceremony, a grand vacation and a surprise gift, the personal loans lend a helping hand. All types of your expenses are taken care of by the personal loans within a short period of time. People generally go for personal loans for covering travel expenses, medical expenses, holiday expenses, marriage and honeymoon expenses and other personal expenses.
Personal loans are offered in two major categories. They are secured personal loans and unsecured personal loans. For secured personal loans, security against property is a must. But for unsecured personal loans collateral is not required. Mostly depending on your personal preferences and circumstances the loan type is chosen. Secured personal loans are secured by collateral and are suitable when you require a larger loan amount. These types of personal loans are easier to get and secured personal loans are offered to persons even with bad credit history. Quite opposite to this is unsecured personal loan that does not need any collateral. For these loans the lender does not have any hold on the borrowers property if there is any default payment. These loans are not easier to get because the lender relies on the repayment ability of the borrower.
One of the main advantages of personal loan is that, while applying there is no necessity to specify reasons for the loan and it can be used for your personal necessities. Personal loans provide you the freedom of using the loan amount for any of your personal needs like debt consolidation, medical surgery, education expenses, vehicle buying and house renovation. The interest rates of secured personal loans are lower when compared with the interest rates of unsecured personal loans. This is due to the reason that secured personal loans are less risky to the lender since it is provided against collateral.
The major benefits the borrower gets with secured personal loans are lower monthly payments, longer loan period and large loan amount. Though for unsecured personal loan collateral is not necessary, the loan interest rates are slightly higher because the lender is at high risk if there is any default in payment by the borrower. This is not true for all unsecured loans. If you do some research you will be able to find out that there are many lenders who offer unsecured personal loans with lower interest rates. The benefits of unsecured personal loans are quick money lending, less paper work and fast loan processing. Personal loans are also offered for persons with poor credit record and this provides them an opportunity to improve their credit history. The two important factors you have to consider while applying for personal loans are the term (loan repayment period) and the Annual Percentage Rate (APR). However, you may have to do some research for choosing the best one.
Unsecured Loans: The Healthy Financial Solution For Your Business
If you are in any financial discomfort where a loan might be your only hope, then you need to convince the bank and other people that you deserve the loan and that you will be able to pay it back. A loan is never an easy thing to secure and that is why many people might be denied it on the grounds that they don’t have the money or if their past seems a bit dark. That is why, if you need a loan, and most probably an unsecured loan then you’ll need to learn more about unsecured loans lenders working methodology, this article can help you sort all your questions out.
Many businesses have hundreds or even thousands of dollars tied up in unprocessed credit card transactions from one month to the next. While this is a good sign that the company is doing a brisk and steady trade, the effects on cash flow can be crippling. Waiting for these transactions to clear your account can severely hamper your ability to continue daily operations, whether you need to order additional stock or supplies, make bill payments or pay employees. Obtaining an unsecured loan from conventional sources such as banks and credit unions can be time-consuming and expensive, and could entail a high payment that is difficult to meet.
With unsecured loans, you don’t have to be strapped for funds while waiting for your money to clear. By effectively selling your unprocessed transactions to us, you can take advantage of that money now, paying only a small fee. Because the amount you can receive from the unsecured loan lender is based on your proven history of previous transactions, your unsecured loan payment will be affordable, removing the stress of a high payment that you may not be able to meet.
If you are looking for an unsecured loan, then you have come to the right place because this is the best alternative to the banks small business loans. If you have a business, we can also offer you unsecured hard money business loans and others depending on what your situation is and how quickly you need the money. With banks and other forms of loans, you might have to wait ages to get it but with an unsecured loan lender, you will get it sooner rather than later.
This can allow you to think about using that money to better your business or financial situation. With an unsecured loan you can get out of the financial trouble you find yourself in and back on to the right path and financial freedom. If you are looking for a loan today, you should contact an unsecured loan lender today, there are even no obligation online applications available.
Debt Consolidation Programs Will Help You Swim Out Of Any Financial Storm
n simple words, debt consolidation can be defined as a type of loan with which you can condense all your debts into a single debt for which you make payments out on a low interest rate. You can get a debt consolidation loan irrespective of the type of outstanding loans – secured or unsecured. The bottom-line is reduced payments and saving money! Debt consolidation offers you several benefits. First and foremost, it takes away the overhead and confusion of repaying several loans in a month. When your loans get consolidated into a single loan, the repayment process simplifies and becomes less cumbersome. Owing to debt consolidation, you end up saving a decent amount as you pay a lesser rate of interest on the loan. Debt consolidation also helps you bring in stability and the much-needed peace that you need for financial planning. Lenders cooperate because it assures them of at least partial repayment on the loans, though at a reduced rate of interest. Debt consolidation also has some drawbacks.
Though by consolidating your loans, you reduce your rate of interest, but the tenure of your loan can go up. This way by consolidating loans by choosing a long repayment period, you can end up paying a lot more than you initially borrowed. In this way, debt consolidation turns out to be a quite costly option. Another drawback is that the debt consolidation loans that are used to consolidate debts are secured on either property or other such assets. The best way to get a smart deal to perform a great deal of market research before deciding which company you would want to assist you in your debt consolidation process. Financial experts advice that if you are in debt and are facing the severity of repaying them, as a first step you should stop borrowing more money. The next step should be to consolidate your debts using some sensible debt consolidation program to bring the life back on to the track.
In the booming economy, there are various debt consolidation programs that you can choose from. A consolidation program can be a paid program or it can be a free service. With the growing popularity of the Internet, you can also apply online for debt consolidation. There are several banks and financial firms that provide online advice and debt consolidation services. Once you decide on your debt consolidation company, the company will provide you with a financial analyst or an expert counselor to customize a debt consolidation program to suit your financial needs. Once the program is in place, the debt consolidation company experts negotiate with your lending companies to get you a lower interest rate and thereby secure a lower monthly payment option. When an agreement is reached between the experts and the creditors, you start paying a consolidated periodic payment out to the debt relief company. The consolidators will divide your payment among your creditors.
Ease Your Financial Pressures With Business Property Loans
Majority of the population is involved in business today. Business requires capital investment. It is not that easy to run a business without sufficient finances. If you face a situation where you require money urgently, you tend to borrow from outside. Borrowing money from relatives could be embarrassing. Now who can provide you such a huge amount? If you think of taking a loan, you are on the right move.
As you want to invest money into your business, therefore opting for business property loans will be a wise decision. These loans can help you meet the urgency of money.
Business property loans are designed for the entrepreneurs, who want to expand or improve the existing business, raise the operating capital, purchase an asset for the business or start up new projects.
As the name suggests, business property loans are secured against a property. The security can be a worthwhile asset of the entrepreneur. It can be the equity in home, car, business premises or bank statement. The lender has the authority to seize the borrower’s property if the repayments are not made on time.
The borrower has the freedom to draw money ranging from £10000 and £10million. The amount however differs from lender to lender. The rate of interest and monthly installments are decided according to the income and repayment capacity of the entrepreneur.
Business Property Loans are also available for entrepreneurs who are going through adverse financial crisis. If you have witnessed the problem of arrears, defaults, County Court Judgments or bankruptcy, opting for the loan will help you overcome the crisis. If you make a judicious use of the loan by using it for debt consolidation you can not only clear off your multiple debts but also improve your credit score.
While applying for business property loans certain documents are to be presented for the valuation of property. Details like business profile, nature of business, length of ownership, and current income are also important in the approval of business property loans. If the entrepreneur is planning to start up a new venture, he must discuss the business plan with the lender and how will it help him repay the loan.
Numerous lenders offering business property loans exist in the market. Approaching local banks and financial institutions is quite a messy affair. They demand lot of time and efforts. Plenty of documentation work is also there.
An alternative to these physical lenders is the provision of hassle-free online lenders. Online lenders facilitate the entrepreneur with a speedy loan approval. A simple online loan application needs to be filled up. The borrower need not worry about the confidentiality of the information given by him in the application form. It remains secured.
Make best use of your property and avail easy finance. Business property loans
are there to ease your financial pressures.
Robert Kiyosaki & the Anatomy of a Financial Statement: Property Management
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Robert Kiyosaki likes real estate investing is because real estate touches each part of his financial statement. Starting with his best-selling book Rich Dad Poor Dad and continued in many of his subsequent books, Robert explains how real estate gives cash flow to his income statement and on the expense side of the income statement he’s able to deduct the property’s depreciation as an expense.Â
When seen from the balance sheet, he’s able to gain appreciation on the asset side and the leverage provided by the bank rounds out the liability side of the balance sheet.     Â
Through a property management company you can also access the four parts of the financial statement. Here’s how:
Balance Sheet:Â Asset-side
Every property producing monthly rent is an asset. It is possible to sell the rights to manage the property to another property manager for a lump sum of money.Â
Balance Sheet:Â Liability-side
Robert uses his banker’s money aka leverage in order to purchase a large property with only a small percentage as a down payment. When the property goes up in value he is able to keep the entire appreciation amount without having to share it with the bank. He can use leverage and still get the benefit of 100% of the appreciation.
In the property management business, leverage is achieved through controlling the income of a property. A property that is producing $500/month in rent gives a property manager $50 in income. If the property manager feels that $500 is too low for the area, the manager can increase the rents by 10% to $550 and the management company’s income will go up 10% accordingly. How many companies can increase their income by 10% without a causing uproar among its clients?
Income Statement:Â Income Column
As a property manager, you take your 10% management fee directly off the top after the rents have been collected. Here again, if the manager feels that rents are too low, the manager simply raises the rent and increases the income to both the manager and the property owner. It’s win-win!
Income Statement:Â Expense Column
While Robert Kiyosaki is able to depreciate the building as an expense, a property manager cannot take this tax advantage because a property manager doesn’t own the building-the owner does, however, a property manager is able to make money off the expenses incurred by the owner of the property.Â
Let’s say that a tenant calls to say that the plumbing underneath the sink is leaking. The property manager sends out his repairman to fix the leak. The repairman sends a bill to the property manager for the $12.00 plumbing parts plus $30.00 for his hourly rate.Â
The property manager now marks up the bill by lets say $10.00 and now charges the property owner $12.00 for the parts and $40.00 for the repair time. The $10.00 is for the property manager’s orchestration of taking the call from the tenant and sending out the repairman.
Now multiply this scenario by the management of 200 properties and you’ll find that expense mark-up is a significant source of a property manager’s income. Â
As you can see real estate allows an investor to utilize all four parts of a financial statement. As a property manager, you can piggyback on the owner’s shoulders and receive some of the same benefits of cash flow and leverage and you can actually profit from the property in ways an investor cannot i.e. expense mark-up.Â
And here’s the best part and the prime example of a property manager’s ultimate leverage: the manager isn’t responsible to the bank for making the payments on the mortgage. The owner is responsible! The property manager is able to make money off the property without being personally responsible to the bank for the asset that creates all the money in the first place.Â
What a concept!
The 5 Step Secret to Financial Security – Taking Control of Your Money
The 5 Step Secret to Financial Security
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Most people in the developed world have the financial resources to achieve financial security and in many cases financial independence. I believe that getting your finances into a position of strength is straightforward if you follow the standard process below.
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Step 1 – Current State
This stage is an honest appraisal of where you are at the moment. The two simple measures that you need to create are Total Wealth and Cash Flow.Â
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Total Wealth = Total value of all your assets* – Total value of all your debts**
*Assets include all savings, your home and any other valuables that could be sold to release funds if absolutely necessary e.g. car, antiques etc.
*Debts include all loans, hp, credit cards and mortgage
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Cash Flow = Total Income each month – Total Outgoings each month
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It actually doesn’t matter what the numbers are for the above measures. What matters is that you have begun to take action on your personal finances. These measures can be used each month to see the progress you will be making after taking the following steps.
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Step 2 – Cash Flow balancing
You must take a critical look each outgoing and write one of 4 comments next to it.Â
1)     It can be eliminated immediately – e.g. savings, gym membership, mobile phone, eating out etc
2)     It can be reduced immediately – all utility bills and insurance products
3)     It can be eliminated long term – all debts
4)     It cannot be reduced or eliminated – certain tax liabilities
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You must reduce your outgoings and/or increase your income until your outgoings are less than your income. Ideally the difference should be at least $100 (£75)
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Step 3 – Debt Elimination
Use the cash you have freed up in stage 2 to accelerate the payment of each debt in turn until all*** of them are paid off in full.
***You have to decide for yourself whether you want to include your mortgage as a debt
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Step 4 – Long term investment
Invest the excess cash you have each month in a long term investment. Seek advice from a professional financial adviser but please make the effort to understand the products, costs and risks of the advice they give you before you make any investments. If the financial advisor cannot explain clearly to you what each product they are recommending does, then find another financial advisor who can.
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Step 5 – Measure and Act
You must now check the performance of your investments each month. Make sure that you are achieving the performance you expected. If necessary move your valuable financial resources to another investment
Â
On completion of these 5 steps you will have moved from financial chaos to financial control and towards financial security and financial independence.
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Wishing you good fortune and prosperity
Robert Surgener
Do You Need Fast Financial Answers?
Financial answers need to be accurate. In dealing with financial questions, issues and matters, it is best if the answers are founded on proven truths, and not just mere hearsays, and assumptions. Even educated guess is not given merit.
If you have any questions regarding your finances, you can get straight and correct answers from different sources. The most common are the financial books. If you are looking for financial facts, figures and statistics, you can get the information from national bank financial departments, financial trust institutions and commercial banks.
There are general areas of finance. These are the business finance, personal finance and public finance. Now, these are all serious matters. Anybody who speaks of any of these subjects must have in-depth knowledge.
If you ask anybody, the answers you could get could be wrong. Financial books that are published, read, and used by professors, students, financial analysts and wide-readers are known to be factual and accurate.
For example, if you need financial answers about Managerial finance, financial books of that subject can provide the best answer. Besides books, you can also find what you are looking for in other financial publications such as financial reports, encyclopedias, and financial magazines.
Another source of information can be the professors. If you ask a professors who specializes in finance and financial management, his answers may come from different books and other research.
Professors have devoted several years studying their specific fields in order to become an expert. Besides being a professor, some of them also work as financial analysts, economy watchers and so forth.
High officials working from financial institutions are also capable of giving excellent financial answers. If you want to know simple answers on law of supply and demand, depreciation and appreciation of currency, global market or globalization, then, these individuals are the masters.
Besides their high level of education and rigid training, they have many years of being in the front line of making crucial decision, in behalf of their company or state.
Now, if you cannot visit a school or State library because you are busy, you can still get your accurate and correct financial answers. The internet today can do that. Now, on the web are many thousand of sites that provide information about almost anything your mind can conceive. There are community rooms, discussion and forum rooms that you can join and post any query.
Anybody who happens to read your question can give financial answers. The question is; are the answers you received accurate? You can never tell. You may check a few sources to verify. But then again, that is tantamount to doing the research yourself.
In order to save time, you may get financial answers from the web. But you have to pay for them. There are experts working on the web who are willing to share their expertise to anybody who is willing to pay for their efforts. The good thing about them is you can ask for a refund, if you are not satisfied with their work.
Financial Wealth: Reduces Burden for Future
Financial Wealth: Reduces Burden for Future
The word wealth is derived from the old English wela, which form an Indo European word stem. Wealth is the abundance of valuable resources or material possessions or the control of such assets. Financial Wealth has been designed to offer a premium financial advice service for those clients who seek high quality, tailored financial advice and would like direction and guidance in helping achieve their personal goals and lifestyle objectives. Everyone in this word wants financial wealth. Most of us believe in if we struggle hard, work with full focus and work non-stop we will become rich.
Financial Wealth provides us with the expertise required in our complex financial world. Â Money can be earned, spent, saved and invested. The best time to invest for the future is when you are young. At the young age the best part of investing is we don’t have to pay the taxes, or it reduces the tax burden and the best time to plan for the retirement. There are several books of different writers with an advice on wealth building. Some of them are “Cashflow Quadrant” by famous entrepreneur Robert T. Kiyosaki and “Your Money or Your Life” which explains how to make money and at the same time enjoy the life and use the money more wisely rather than spending on small things.
Long term investment is actually possible for everyone. There are several companies which provide the advice for financial wealth investment. If we start thinking from right now and plan for the next 10 years we will able to save money for the unexpected disaster. Millionaires are common people, they are among us, the only difference is they have the courage to think and do things differently. They simply took dare in their life and took a large risk, which resulted in a big change.
Top 6 Myths About Financial Planning
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There’s a lot of misconception about financial planning and how it can help you.  Here is a list of the top 6 myths surrounding financial planning. We hope that by dispelling some of these common myths you can get a better understanding of financial advisers and how they can assist you to achieving financial prosperity and security.
Myth #1: Only people who have already accumulated wealth and/or assets can see a financial adviser
This is one of the biggest myths surrounding seeking professional financial advice. Most people believe that you need to have already established yourself financially before a financial planner can help you. Some financial advisers will only want to work with you if you have some established assets as by advising you on how to allocate this wealth this allows them to be paid. At Financial Spectrum, our financial advisers are fee-for-service, or charge a flat fee instead of earning a commission. This means that they are able to assist you in accumulating wealth through things such as setting up savings plans and budgeting, whereas other advisers won’t as they wouldn’t earn a commission for this advice. The value of advice at the early stages of your life can be just as great, if not greater than when you have already built up your wealth.
Myth #2: Financial Planners just sell their clients managed funds
Many people believe that financial planners just sell managed funds to their clients. This isn’t true.  Whilst a financial adviser can recommend their clients invest in specific investments as one tool to help grow their wealth, a holistic financial planner will look at areas such as debt reduction, tax minimisation, property, shares, superannuation, insurance, and cash flow just to name a few. All of these areas are important when looking to grow and secure wealth – not just investing into products. Some financial advisers have a greater emphasis on placing their clients into managed funds as this provides them with payment via a commission. This perhaps may explain why this myth is a common one. Not all financial advisers are equal however. Financial Spectrum is in the minority when it comes to offering clients truly holistic advice. Because Financial Spectrum doesn’t earn commissions, its’ financial advisers place just as much emphasis on areas such as paying less tax and budgeting, as placing clients in managed fund investments.Â
Myth #3: I’ve already got an accountant, so I don’t need a financial planner.
Many people already have an accountant that they know and trust for their financial needs so they don’t think that they would benefit from seeking the services of a financial planner. What most people don’t understand however, is that although it is very important that accountants and financial planners work together in partnership, both fulfil very different needs. Financial advisers are trained to take a more holistic approach to your finances than accountants are. Whereas an accountant will complete your tax return or offer advice for small business, a financial planner will work with you on understanding your life goals and help to implement a financial plan to help you achieve them.
At Financial Spectrum, we work closely in partnership with accountants to ensure that our clients receive the benefit of a team approach.
Myth #4: I don’t need a financial planner – I’m nowhere near close to retirement
A common misconception is that financial planners are only to help retirees or people starting to think about retiring. This is very far from the truth! Whilst it is true that there are many financial advisory firms whose target market are retirees, at Financial Spectrum we believe the true value of financial advice can be gained by starting early. Most of our clients are younger professionals in their 20s, 30s and 40s who are at the accumulation stage of their lives. We know that we are in the minority when it comes to our competitors but we are passionate about helping young Australians get ahead financially. We help our clients to map out the goals they want to achieve in the short, medium and long term, and work with them to implement a financial plan to help achieve these goals. Time is your biggest ally when it comes to setting yourself up financially – so don’t wait until you are in your 50s and 60s to start planning for the future!Â
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Myth #5: Financial planners charge too much and get hefty kickbacks from companies they recommend their clients invest in
Financial planners have received a lot of bad press over the years and the result is that many Australians have a very negative view of the trustworthiness of the financial planning industry. In truth, individuals authorised to provide financial advice to people in Australia are bound by strict regulations from the Australian Securities and Investments Commission (ASIC). All remuneration received by implementing a proposed financial plan must be clearly outlined in a Statement of Advice (SoA) which must be given to the client. This enables transparency in the financial planning process so that you know exactly how much your financial adviser will be paid in relation to your financial plan.
At Financial Spectrum, we’ve gone one step further and developed a fee-for-service or a fixed fee payment structure so that we don’t receive any commissions from any investment product that we recommend to our clients. This means that our clients pay for our advice. We believe that this fee structure helps to protect our clients from potential conflicts of interest. In addition we offer a range of packages for our clients to select from so that they can feel comfortable that they’re getting value for money.
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Myth #6: All financial advisers are the same. Shouldn’t I just see the adviser at my bank branch?
There are financial advisers, and then there are financial advisers. Whilst it’s true that all financial planners in Australia must be authorised under a financial planning licence from ASIC, it is important to know that there are potential conflicts of interest that may arise by seeking the services of a financial adviser who is connected to a large institution – be that a bank or other financial institution. Why? Financial advisers who are part of financial institutions who offer their own financial products (eg. life insurance and investments) will likely be restricted to a small selection of products that they can offer their clients. This means that if you went to Bank XYZ seeking advice and the financial planner at Bank XYZ identified that you need income protection – it is likely that they’ll be restricted by the XYZ Bank to only provide you with advice to obtain an XYZ Income Protection policy. The problem is that your XYZ financial adviser might know that a better policy for your situation can be provided to you by ABC Life Insurance, but because they are part of the XYZ institution, they can’t offer this policy to you.
The good news is that not all financial advisers in Australia are part of large corporations and therefore are better able to provide you with a wider selection of investment and insurance products from a range of providers in Australia. These financial advisers tend to be known as “boutique” or “privately-owned” financial planning firms as ASIC restricts the use of the word “independent”. These small boutique financial advisory firms are in the minority as many have been bought out by the larger institutions and do not have the massive monetary resources of their competitors, but they are out there and can offer you great financial advice. Financial Spectrum is one such privately-owned financial planning firm based in the Sydney CBD.
