Fees Archives - Think Independent

June 20, 2017

Fees for No service

ASIC recently released a report into the behaviour of financial advisers controlled by the big 4 banks and AMP. It probably won’t surprise many that the findings weren’t great, but it was a non-headline grabbing and little reported finding that caught my eye. Further, it is an issue that is not confined to the big 4 and AMP. It is an issue involving the vast […]

September 4, 2017

“Simplicity is the ultimate sophistication.” – Leonardo da Vinci

In prior posts, we have highlighted the value in pursuing simple solutions, over complex or simplistic solutions. It has also been highlighted that our desire as humans to feel special can lead us to the misconception we must seek out “special” solutions, which not surprisingly come at a significant price and in reality aren’t special at all. I would like to pick up on da […]

October 10, 2017

This Ain’t No Joke

“A man walks into…” Like the cartoon above, a lot of jokes start with this line, but what I’m about to tell you is no joke. Unfortunately, it is very real and happening every day. Does this sound ridiculous? A man (or woman) walks into…. their local Toyota dealer. They are after a cost effective, reliable, value for money solution to their transport needs. Now […]

September 11, 2018

Tricks & Traps – Insurance Premium Payments

I recently saw it reported that 95% of insurance premiums are paid monthly. So what you say? Surely that helps with managing cash flow. I suspect it does, but maybe not the cash flows you’re thinking. Call me cynical, but I think it has more to do with the cash flow position of the adviser that sold the policy and the insurer than it does […]

February 6, 2019

Financial One-Stop-Shops

Every now and then I do a Google search on independent financial advice or a variation to see what comes up. Yes, I’m checking to see if Think Independent does, but let’s move on. Too often there are advice practices that are far from independent. That’s a problem but not what this post is about. A recent search brought up a practice that upon further digging is what you […]

June 20, 2017