Financial Advice – The Benefits

Individuals and families who get financial advice are happier, wealthier and have more certainty and control over their financial future than those who do not.

A report by KPMG (1) found that Australians who have a financial planner saved more and have a greater investment balance than those who do not get advice. Specifically:

  • Investment balance was on average higher by 24%
  • Yearly savings was on average higher by 61%

Another study by Galaxy Research (2) found that 90% of Australian’s who engaged a financial planner had benefited from the experience. Specifically, they had:

  • Peace of mind (mentioned by 66% of those surveyed)
  • Greater control over finances (63%)
  • Prospect of a more comfortable retirement (62%)
  • Avoiding bad investments (54%)
  • Ability to save (46%)

For more information and details of the references referred to above, please download the White Paper.

If you would like personal financial advice for your particular situation, contact Prudentia Financial Planning today for a free initial consultation.

 

(1) KPMG Econtech Report, 2009, Value Proposition of Financial Advisory Networks, prepared by KPMG Econtech for the Investment & Financial Services Association.

(2) Galaxy Research Report, 2007, Consumer Attitudes to Financial Planning, prepared by Galaxy Research for the Financial Planning Association.