Hey guys,
This is going to sound like a real newbie question but here goes….
I have done lots of research, read books etc and I am at the stage where I need to go and get professional advice.
My question is, does this advice come free?
Brokers I know are free.
As there are different ways of defining a property buying strategy I would prefer to get a couple of different opinions and choose which i feel most comfortable with.
When I seek Independent Financial Advice and I want to approach 2 different advisors to compare, do I pay for this consult?
Same with accountants, if I wish to seek comparisons will I need to pay for each consult?
Thanks
Accounts will charge you an hourly rate the more experienced the more you pay
More and more financial advisors are also charging a set set. However at least you know you are getting unbiased advice. If its free they are often making large amounts of commission from you.
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone MeWe have just launched a new website join our membership today
Of course it is not free. The only way someone would spend time with you for free is if they are making money out of you later – selling you a property for example.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
fbmisc wrote:Brokers I know are free.
Not all of them. Some are moving to a fee for service model.
What sort of independent financial advice are you after?
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
I agree many Brokers are moving to a Fee for service model.
Personally we don't charge for residential loans but i am aware of many that do charge and often in addition to the commission they receive for the introduction.
As has been said Financial Planners / Accountants tend to charge an hourly rate depending on what is required.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Nigel
I agree with you that financial advice is not free it is because the professional advisors are well trained and certified.There professional advice will help you in understanding all the financial issues which in turn will help you in saving money.So it means you are in one way paying and other way saving money from there advice.
Thanks
Thanks for all the replies, it did help a lot in deciding what to do.
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