Beyond Wealth is Independently Owned
Expect a Ford salesman to sell you a FordIf you enter a Ford dealership, you would never expect to walk out with a Holden, even if it was the most appropriate product for you. That is because the employ sales people, not advisors. Likewise with advisors - tied advisors have potential conflicts of interest. According to Nick Coates (Senior Policy Advisor, Australian Consumer Association) "Our concern is that people cannot trust the advice they are getting if a planner has a relationship with a product provider" (AFR, 25th Oct 2005) Tied ownership leads to potential conflictsThe financial services regulator, ASIC, recently found the following about one of our competitors - "...93% of all new investment or superannuation business resulting from the advice of AMP Financial Planning Planners was invested in AMP platforms or products". You may find this unusual of advisors who are tied to a product provider. Unfortunately, it isn't. Indeed, ASIC found that "this is not atypical of dealers". At Beyond Wealth Financial Planning you can rely on the fact that we have no ties to any product providers - we cannot and will not recommend you into our own products as we have none. We do not accept any hidden remunerationApart from commissions that are fully disclosed to our clients, Beyond Wealth Financial Planning does not receive from fund managers, banks or insurance companies any of the following: bonuses, loans, profit shares, wages, salaries, marketing or advertising allowances, computer equipment, conference subsidies or any other material benefit that may influence our advice to you. |

'So what' you may ask. Well, we think it is an important strength of our business that we are proud of and help ensure you get the best advice.