Long time reader, first time poster here. :pI've been reading the forum for a while and just recently decided to signup, as I'm about to dip my toe in the IP water (so to speak).
I'm not too savvy when it comes to this whole wealth creation problem (things like property tax, investment structures (SMSF, PPOR, Rent V Buy, etc), Growth locations, etc.), however I have been trying to learn and am looking for someone/group who can not only guide me in the right direction, but also teach me how to improve my own understanding and decision making.
To that end, I am looking for a service provider who can provide and draw together all the elements mentioned above (and anything else I may have missed).
In my search, I happened upon Full Circle Financial Group. Therefore, I was wondering if anyone has had experience with Full Circle Financial Group. And if so, would you kindly share your experience/opinion. I've had a meeting with one of the reps and heard the whole spiel, but I'm looking for some real world assessments of what it is they actually provide and how people have felt when/after dealing with them.
Alternatively, if anyone has any recommendations for any other Melbourne based groups (or other suggestions in general), I'm all ears.
Btw, I'm not trying to 'dig up dirt' on anyone, I just want to make sure I'm making the right decision with whoever I end up going with.
Also, if you have something important (but not very nice) to say, you're welcome to private message it to me instead.
Thanks in advance
JasonTheFinanceShopParticipant@thefinanceshopJoin Date: 2012Post Count: 1,271
Haven’t heard about Full Circle Financial Group but PT Bear is a regular contributor on this forum and he is based in Melbourne. I would contact him as he will be able to talk to you about all of the above. A lot of brokers will tell you that brokers can help you regardless of location which is true but if you are starting out and have a lot of questions its better to see someone face to face.
Shahin Afarin – Property Finance Consultant
Hate to say you have the wrong forum as Pete hardly contributes at all on PI.com.
Also as far as I am aware he is not a Licensed Financial Planner so his advice will be limited to credit advice.
Yours in FinanceJosh AthertonMember@josh-athertonJoin Date: 2011Post Count: 269
Going out on a limb here, however if full circle means they do everything for you, in house, then it could cost you without you even knowing it in the short term. I haven’t heard of the company so i cant comment on them. Just be cautious of businesses that offer to do everything for you.
The best places you can start in regards to building wealth are:
1. Independent finance specialist (like Richard above, who can outline how much money you have and how you could use/leverage it safely for property)
2. Financial advisor that does not sell property however understands it (let me know if you would like to know of a good one). They can help you identify goals and risks associated with them.
3. If you are buying property, look for a property broker that will provide good priced opportunities for you. However, starting with the first two are crucial.
There’s no straight answer to creating wealth, except you need to learn as much as you can and just go for it!
CheersJamie MooreParticipant@jamie-mJoin Date: 2010Post Count: 5,069
Josh> You're correct, they do provide a number of services. I'll keep your advice in mind. Cheers. I may even flick you a PM.
Thank you for the comments thus far.
If anyone else has anything to add to the mix, please do.ikhanMember@ikhanJoin Date: 2012Post Count: 1
I have been working with FCFS for a few years now and service and value has been outstanding for end-to-end financial advice. We currently rely on FCFS for both our company and personal employee financial requirements and also have invested through them with decent returns. Highly recommended!boogie007Participant@boogie007Join Date: 2012Post Count: 2
There advice is to offer you a service that will make them money with no regard for your personal well being.
Don’t get involved and you will never wish you hadn’t, unlike us!
Thanks Ikhan for the positive endorsement on your first post.
Yours in FinanceTerrywParticipant@terrywJoin Date: 2001Post Count: 16,190Qlds007 wrote:Thanks Ikhan for the positive endorsement on your first post.
Yours in Finance
I see he hasn't stuck around very long either. 1 post! It makes you wonder doesn't it.
Yes Terry moved on to endorse their organisation elsewhere.
Give it a few days and another new member will join and see the post and tell us they have also been a client for years and couldn't have been so successful with FCFS.
They must think we are as green as grass.
Yours in FinanceSantosh WaleMember@santosh-waleJoin Date: 2014Post Count: 1
Has anyone had any experience with this since the last post?
I realise this a very old post, but I've received a few msgs regarding my original question in this thread and whether I had any results.
I don't login here anymore, but just to close off the matter and save those future msgs:
I never did go with them in the end. In fact, I never ended up getting into investing much at all – I had too going on elsewhere.
To be frank, I wasn't instilled with confidence after my first few meetings/discussions with them – inaccuracies/inconsistencies in their information, inexperienced staff sent to 'promote' the product at the first meet up and only after declining further meetings were the big guns brought into the picture. Overall it felt like an empty product (ie: lots of glossy pamphlets and not lots of expertise) and I do not regret walking away/having other business to attend to.
I'll conclude by simply saying that my (and others') comments in this thread are personal opinion and must be considered as such when making your ultimate decision.EdVParticipant@emildevriesJoin Date: 2017Post Count: 1
Thank you for this explanation of how they work. As a completely green investor I sent them an email to see what is up with the Ascot Vale apartments. I now regret this.Jack McParticipant@jack1968Join Date: 2018Post Count: 1Nigel KibelParticipant@nigel-kibelJoin Date: 2005Post Count: 1,425
Most of these groups make commission so do agents what it comes down to is you should always do your own due diligence. That means researching everything in the area via the internet. I also strongly recommend if you are from interstate take the time to go to the location and see it for yourself. I this day and age there is no excuse if you buy something site unseen then you could be taking a risk.VCaleronParticipant@raijuJoin Date: 2018Post Count: 1
This company has recently changed their name to Lion Property Group. Subsequently their website, facebook group & related media contents have gone for good. The new corporate is still at the the same address in Dorcas st Southbank with 100% similar method of attracting businesses and making profits
Wondering if anyone know any court cases regarding this company to perhaps potentially track down some phoenix activities? Looks like this group is excel at removing bad reviews and getting rid of bad reputation records. The most recent google review tells a very good existing client story and pretty much aligned with my findings,but obviously it’s not enough to tell the whole picture.
Be on high alert if you think you are dealing with a property spruiker.If it sounds too good to be true then it’s probably is.Bee WiseParticipant@bee-wiseJoin Date: 2017Post Count: 0
Finally found a review sight NOT related to them directly. From four years experience so far, I can only warn people away from this company. The greed is very apparent as the particular syndicate we are involved in, was completed 12 months ago, and from what we can gather, 2 sold, 2 rented out and 2 sitting there empty while other newer properties are being built by other developers, which only competes with our older ones. Now with the dramatic development of the CoVid-19, I dread to think how much longer this will drag on. They have no problem with completely ignoring repeated phone calls, emails etc. It’s all hype and socialising when the moment is good. When the rubber hits the road and its time to assess/reassess, their eyes are shaded by dollar signs.