Has anyone dealt with the Spring Financial Group or AWA

Yes had another forum client here in Brisbane who was going with them and then decided to switch and used our Buyers Agency service.

When we told him we don't buy off the plan he was relieved and we ended up finding him something which perfectly met his needs.

You have to ask yourself why do these mobs not sell second property ….. whatever they tell you there is no difference in buy something new and something a year old.

Cheers

Yours in Finance

Nandi wrote:

Hi All
We are planning to sign up with Spring Finacial group for holistic financial advise.We would ideally like to set up SMSF and also build our investment property portfolio.However I’m stumbling across advisors/planners who only recommend brand new properties as they have a vested interest in the same.Has anyone from the forum dealt with Spring FG?Please feel free to share your feedback as it will help us make an informed decision.We are currently on the lookout for a reputed and trusted financial planner who can advise on a range of matters including SMSF,tax,property,insurance and the like!

Thanks
Nandita Rao

Nandi welcome to the forum please see the comments above. Marketing firms that recommend new property are working for the developer. You are not the client you are the patsy. Please be careful. You need independent advice from someone who is only being paid by you and no one else. Shire Financial/Shire Accounting is one service who offer independent financial planning and advice Ben Poppett is someone I have known for years and would trust with that spread of queries. Best of luck.

Murali wrote:

Hi Nandita Rao, Did you finally go with Spring Financials can you provide some feedback on them? What are the drawbacks?
RegardsMurali

@ilarum unfortunately many come to ask a q but don’t stick around to learn and participate. As you can see above the companies that take commissions for recommending new properties and advertise as financial advisors or investment gurus are in a conflict of interest. Some are in trouble with ATO for a range of blatant problems, others not but still a conflict in my opinion. At least sales agents are (mostly) honest about the fact that they work for the vendor.

Murali wrote:

Hi Thanks for the response. Yes you are right that they take commissions etc… What I am looking for specifically is feedback on their financial services (I am looking at Financial Services as whole investments, growing your wealth, property, insurance, superannuation, health insurance), I am not particularly looking at Property alone, though I am keen on property.
With RegardsMurali

If you want a good financial advice company there are plenty that do it well and don’t muddy the waters with property sales commissions. You want to be the one paying them as much as possible, and you want to know they have a track record. Separating the property choice keeps it cleaner. I have discussed mutual clients and heard good reports with boutique firms like Canopy Private (Sydney CBD), and The Wealth Connection (Thirroul)

If you want an all around accountant who is actually a property expert (personally and via thousands of clients) you should call Dave Shaw from WSC Group (offices in several cities – Your IP Mag award winner) I know him personally and find him to be excellent in all regards. (No I don’t get a commission for saying that)
http://wscgroup.com.au/articleGroups/newsletter-march-2014/message-from-david-shaw,-ceo?subSiteId=1

hi Murali, Anyone…
did you get any advice from Spring? were they any good?
I met with them and they want me to come back with a whole lot of details around my financial situation etc. during this first meeting we talked about what interested me and why i came to them. This included things like their providing accounting services, checking my investment structure and the relevance to my circumstances and strategy and analysing the suitability of SMSF for me at this stage of life etc. maybe checking my loans ….
cheers,
Don

Hi,
I dealt with them. What I cannot comment on their services since I didnt go with them (or anyone else). But after the 2 hour session they wanted us to signup for the plan which was in the range of 600-1500$. I think this was not a good approach because we just finished the session and we didnt get a chance to think. Ideally they should have let us go and given us some time to think. I thought this was a sales tatic.

I didnt see anything concrete from them. I am not sure about experiences of people with them.

With Regards
Murali

There spruikers and dont give a sh*t about you!

Watch this video to identify if you are dealing with a spruiker;

http://www.thepropertycouch.com.au/how-to-spot-a-property-spruiker/

@zen by all means please go but dont proceed haha!

At the very least dont use their broker as they will cross the property with your PPOR and hide the 40k commission in that and you will likely never know! Other broker will do it as well so use an investment broker who knows how to structure debt to your benefit and not the banks or spruikers.

• This reply was modified 7 years, 8 months ago by  Colin Rice.