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Posted by on Jan 26, 2015 in Uncategorized | 0 comments

Reasons You Must Go With Fee-Only Financial Advisors

While some manage to chalk out their private financials without any external assistance, the majority still depends on professional financial mentors to guide them through the process. There are different types of financial advisors and the decision to hire a specific type usually hinges around the “value-for-money” ideology. If this is your first time resorting to third-party financial planning assistance, continue reading to understand how fee-only advisors provide more bang for the buck.

Customised Service

Fee-only financial advisors, unlike commission-based brokers and agents, aren’t tied to certain transactions and products. They don’t depend on a brokerage company, mutual fund firm or an insurance firm for income other than their primary clients. In other words, they will most likely not get swayed by any personal advantages that could come with offering certain recommendations. Their suggestions and advice are always in alignment with what the clients need and what suits them the best. This means increased objectivity and less bias.  

Fee-only advisors adopt other, more independent ways of charging such as a flat retainer or an hourly rate. They earn this income regardless of the outcome of the planning discussions; thereby giving them increased freedom.

Holistic Analysis

The primary service of fee-only advisors consists of portfolio analysis as a whole. This obviously means the advisor is adept in various asset classes, such as real estate, tax preparation or planning and retirement, college financial aid, etc. This versatility and multi-domain knowledge further translates into more reliability and expert advice.  

Time And Cost Savings

When compared to commission-based advisors, fee-only financial consultants are much more cost-efficient when viewed from a wider perspective. For instance, if you make a $70,000 outlay in an endowment with a 4% load, the commission-based financial mentor will purse $2800, which will be equivalent to more than 15 hours of portfolio analysis and planning carried out by a fee-only advisor at $180 per hour.

If put at work for 15 hours or more, a fee-only financial guide could accomplish much more substantial work that will help shape a more balanced financial portfolio, giving back a potentially loftier rate when compared to the loaded mutual investment.

Simply put, fee-only advisors offer investors the scope to extract extra service from the money spent on professional financial planning.


“Fee-only” and “fee-based” don’t carry the same meaning, even though the terms are interchangeably used to denote the same purpose. Fee-based advisors receive commission payments from mutual fund firms, investment partnerships and other third-party institutions, in addition to the fees paid by individual clients. Therefore, learn to distinguish between these types of financial advisors since the loyalties of fee-based advisors are clearly divided. For more information, contact a financial advisor like John Osborne & Associates.

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Posted by on Jan 6, 2015 in Uncategorized | 0 comments

Financial advice for new graduates

After studying for so many years it can be very exciting to suddenly start banking a graduate salary. If you’re a young man, it can be tempting to start living it up, getting loans for new cars and eating out regularly. However if your lifestyle suddenly increases beyond your new income you’ll find yourself broke and eating instant noodles before you know it.

Here are some tips a financial advisor might propose to help you keep your spending under control.


While it can seem like you need to rush out and buy a set of new suits, remember than your colleagues are noticing less of your outfits than you expect as shown in this recent experiment by a TV host. By owning a single classic cut suit and accessorising with different shirts, ties and belts you can wear a similar outfit most days without raising an eyebrow and keep the focus on your work and not your fashion choices!

Keep your roommates

The cost of housing makes a large portion of most people’s salaries, so it’s well worth continuing your share house days a little longer. If you can’t deal with your university friends any more, look to share with other people on your graduate program. An added bonus is your roommates can collect your mail and water your plants if you need to travel a lot in your first year. Look for an apartment complex with a pool or gym and you’ll also save on gym fees.

Bring your own lunch

The cost of regularly buying lunches and coffees can easily exceed $20 a day. Make sure you have a coffee in a thermal cup with you each morning as you leave the house. Find a lunch buddy who brings in lunch for you both every second day, and you can make two lunches on the alternate days. This halves the work of making a lunch and helps keep lunches more interesting.

See if your lunch buddy will join you on a run or walk each lunch time to avoid the temptation to hit the shops, while keeping you both fit and getting some fresh air.


Join your local library. Now that the load of studying is past you can finally start reading for fun again. The library also has a range of ebooks for borrowing on electronic reading devices and DVDs for lending.

It’s a great idea to make contact with a financial advisor like Green Associates early on to start building an investment plan to help you build your wealth and save for large goals.

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Posted by on Jan 5, 2015 in Uncategorized | 0 comments

Don’t Spend Your Tax Return—Invest It

When a tax refund is on the cards, the notion of tax return investment is probably the furthest thing from anyone’s mind. Whether there will be a refund of $500 or $2,500, the temptation is usually to spend it or clear an outstanding bill. Choosing to use this money in a different way could actually determine your future financial position. It’s rather simple. Don’t spend a tax refund. Invest it.  

Future investment

People dream of having a little nest egg set aside for a rainy day, for a future property purchase or even for the essential retirement fund. The key to making dreams come true is to start.  It does not matter how much money makes up the first deposit. It’s never too early to plan for the future.

Use a tax refund to accomplish goals

Let’s take a look at how a tax refund can be wisely invested.

1. Invest in an emergency fund

Putting an unexpected sum of money from a tax refund aside for an emergency is definitely a wise move.  Everyone should have a shush fund for those moments that can and do crop up every now and then. The money must be easily accessible and also invested wisely so that a $500 deposit does not become $50 because of bank fees and poor investment choices.  

Resources such as Taxwise can help with the decision making process however as a rule of thumb, opt for a bank account with a high interest rate that may be an online service only.  Be wary of fine print that could lock it away for a period of time though.

2. Invest in long-term plans

Whilst the future can often feel like a lifetime away, establishing an investment plan so that dreams become a reality is worthwhile.  Long term plans can be kicked off with a tax refund.  It could be money for an education fund or saving up for a car. Get it started today.

3. Invest in property 

Investing money in property is a common method, however in this instance, the idea is to invest in an existing property. Channel a tax refund into a mortgage to ultimately save thousands on interest. Make much-needed improvements to a home is also to help improve its value long term.

4. Invest in business

Running a business takes time and money. A cash injection could be exactly what is needed or utilise a tax refund to help turn an idea into a reality. 

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