5 Questions to Ask a Financial Planner in Perth

Choosing your financial planner in Perth is an important decision. Here are 5 questions ASIC recommend you should ask

How do you keep up to date with changes that might affect your clients?

Tip: The financial planner in Perth should tell you that they regularly attend courses or seminars run by industry associations, professional bodies, universities or registered training organisations.

How do you get to know a new client?

Tip: The financial planner in Perth should talk about how they’ll get a full picture of your circumstances and needs. They should explain that they need to ask questions about your current situation as well as your financial goals, both long term and short term.

How do you deal with a client who has a few different financial objectives?

Tip: A financial adviser in Perth should help their clients prioritise their financial goals, explain and discuss their choices and develop a strategy to achieve their goals. They should also help a client refine their goals if they are not realistic and achievable.

If I accept this financial advice, who do I speak to if I have any questions or concerns about my investments?

Tip: You should be able to contact your financial adviser if you have any questions or concerns about your investments. If the adviser won’t meet with you or return your calls, you can complain. See problems with a financial adviser for more information.

How are my investments monitored, and what information will I receive?

Tip: If you’ve agreed to ongoing financial advice, you should receive regular reports about your investments as well as regular reviews with the financial adviser. Check to see what other updates you’ll get, and when you can expect to receive them.

Don’t be afraid to contact your financial adviser if you have any questions between reviews. Be aware that the adviser might charge you extra for services that are not part of the ongoing financial advice agreement that you have entered into.