Forums / Property Investing / Help Needed! / Has anyone dealt with Full Circle Financial Group? (Experiences/Opinions pls)

Viewing 17 posts - 1 through 17 (of 17 total)
  • Profile photo of iceman_jkhiceman_jkh
    Member
    @iceman_jkh
    Join Date: 2012
    Post Count: 3

    Hello everyone,

    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

    Jason

    Profile photo of TheFinanceShopTheFinanceShop
    Participant
    @thefinanceshop
    Join Date: 2012
    Post 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.

    Regards

    Shahin Afarin – Property Finance Consultant
    http://elitepropertyfinance.wordpress.com/home/

    TheFinanceShop | Elite Property Finance
    http://www.elitepropertyfinance.com
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    Residential and Commercial Brokerage

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,975

    Hi Shahin

    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.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Josh AthertonJosh Atherton
    Member
    @josh-atherton
    Join Date: 2011
    Post Count: 269

    Hi Jason,

    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!

    Cheers

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,064
    TheFinanceShop wrote:
    PT Bear is a regular contributor on this forum and he is based in Melbourne.

    Wrong forum.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
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    Mortgage Broker assisting clients Australia wide Email: info@passgo.com.au

    Profile photo of iceman_jkhiceman_jkh
    Member
    @iceman_jkh
    Join Date: 2012
    Post Count: 3

    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.

    Profile photo of ikhanikhan
    Member
    @ikhan
    Join Date: 2012
    Post 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!

    Profile photo of boogie007boogie007
    Participant
    @boogie007
    Join Date: 2012
    Post 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!

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,975

    Thanks Ikhan for the positive endorsement on your first post.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,058
    Qlds007 wrote:
    Thanks Ikhan for the positive endorsement on your first post.

    Cheers

    Yours in Finance

    I see he hasn't stuck around very long either. 1 post! It makes you wonder doesn't it.

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,975

    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.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Santosh WaleSantosh Wale
    Member
    @santosh-wale
    Join Date: 2014
    Post Count: 1

    Hi Guys

    Has anyone had any experience with this since the last post?

    Thanks

    Profile photo of iceman_jkhiceman_jkh
    Member
    @iceman_jkh
    Join Date: 2012
    Post Count: 3

    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.

    Profile photo of EdVEdV
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    @emildevries
    Join Date: 2017
    Post 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.

    Profile photo of Jack McJack Mc
    Participant
    @jack1968
    Join Date: 2018
    Post Count: 1

    boogie007, are you saying that you did get involved with Full Circle (specifically) and you wish you hadn’t? Or another similar service provider/property investment groups generally?

    • This reply was modified 8 months ago by Profile photo of Jack Mc Jack Mc.
    Profile photo of Nigel KibelNigel Kibel
    Participant
    @nigel-kibel
    Join Date: 2005
    Post 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.

    Nigel Kibel | Property Know How
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    We have just launched a new website join our membership today

    Profile photo of VCaleronVCaleron
    Participant
    @raiju
    Join Date: 2018
    Post Count: 0

    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.

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