All Topics / Finance / Financial Advisors and Accountants prices

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of fbmiscfbmisc
    Member
    @fbmisc
    Join Date: 2012
    Post Count: 6

    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

    Profile photo of Nigel KibelNigel Kibel
    Participant
    @nigel-kibel
    Join Date: 2005
    Post Count: 1,425

    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 Me

    We have just launched a new website join our membership today

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    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 Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    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 Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    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

    Profile photo of redrockbrokersredrockbrokers
    Member
    @redrockbrokers
    Join Date: 2012
    Post Count: 1

    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

    http://www.redrockbrokers.com.au/become-a-mortgage-broker

    Profile photo of fbmiscfbmisc
    Member
    @fbmisc
    Join Date: 2012
    Post Count: 6

    Thanks for all the replies, it did help a lot in deciding what to do.

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