IFSA offers fast facts on financial advice

financial planner financial advice IFSA ifsa chief executive financial planning financial services association financial planning association financial planners chief executive

21 May 2008
| By Justin Knight |

The )Investment and Financial Services Association of Australia (IFSA has used Financial Planning Week as an opportunity to release a short fact sheet for consumers on how financial planners can help them to achieve their financial goals.

The Seven Fast Facts on Financial Advice inform consumers that while Australians have the highest levels of personal investments in the world, many are woefully unprepared for retirement, partly because they don’t think of themselves as investors and partly because they lack the skills and confidence to fully engage with their superannuation.

The fact sheet encourages consumers of all ages to consult a financial planner, pointing out that 94 per cent of those who do so are satisfied with their experience.

Commenting on the fact sheet, IFSA chief executive Richard Gilbert likened a session with a financial planner to a session with a personal trainer.

“The key to successful investing is discipline, and just as some people need a fitness coach to motivate them and get them into a tailored training regime, a financial planner will help get your savings regime into shape and on track so that people can reach adequacy in terms of retirement and other savings goals.”

The Seven Fast Facts on Financial Advice are available on the IFSA website — www.ifsa.com.au.

Financial Planning Week is an initiative of the Financial Planning Association and runs from May 19 to 28.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks 3 days ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

4 weeks 1 day ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week 2 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

4 days 18 hours ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

3 days 22 hours ago