Does anyone know a good financial advisor/planner in perth area? i keep reading you have to be careful of the advisor you choose, that they must be an experienced investor in positive cashflow property themselves is this correct?
any help would be appreciated thankyou.Cory,
I dont know any in Perth, I use a great one here in south east Melbourne. Which isnt much help to you.
All I can suggest, is to interview them…..Look around, find a couple, go in there and probe them with questions, as you would interviewing an employee.
We can always be wary of who to trust, but as long as you meet up, ask them questions, and see how you feel around them. You may generally go off instinct in finding a trustworthy advisor.
Try Steve Navra he has a good reputation also based in Sydney though.
Have not used him personally though have been to his seminar and is quite interesting.
PS. Steve Navra talks the talk and has a property portfolio and share portfolio working for him. He understands all aspects of planning!
I may take your advice on as well Pos, regarding someone who actually talks the talk. Good to know he has built his own healthy portfolio and has a full understanding of how to plan.
When going for advice from a professional, you would like them to have the results you want to obtain yourself.
So im assuming this Navra guy would be a good person to go to… I will look into it!
http://www.perthperth.com/financialplannerperth.htm here is a website if you need financial advisors in perth.
Cory-kerr , beware some financial planning companies are actually only insurance companies offering an extra service .
Although things have tightened up over the last few years , they must attend a specific amount of seminars/courses each year , as do accountants , to keep abreast of new laws ,etc .
Previously I have found some just spruik their insurance investment portfolios and knew little about structuring an actual property portfolio .
Their fees vary a lot one of the big banks advisor quoted me 2 years ago about $ 2,500.00 initially plus small % each year they get off insurance policies .. trailing fees . I did'nt do it just got quotes . A friend of mine had been charged $6,000.00 .for his setup and is using him to control all his finances , my sister had a firm up near Joondalup to do her family a setup , that was
$ 8,000.00 initial fees.
So ask questions what services and products they can offer and what are the fees initially and any further trailing charges .
It is then up to you to weigh up if the $$$ add up ,to the piece of mind it will give having things structured right .
Some good accountants can do this nowadays .,but an independant view certaintly does'nt hurt.The one my friend uses in West Perth , has accountants within the firm and could do his tax also if he required that . for extra $$$ .They have also setup and manage a dividend producing share portfolio for him , he had never owned shares in his life before .
Good Luck .
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