Skip to content

Financial Planning

Royal Commission Recommendations Summary

Royal Commission Recommendation Summary by Mike Beal Sunshine Coast Financial Planner-min

Mortgage Brokers Commissioner Hayne recommended the borrower, not the lender, should pay the mortgage broker. Hayne proposed that commissions be banned for mortgage brokers. There is an irony that the big banks, if this is enacted, will not have to pay brokers and therefore will become stronger and competition will be reduced. The commission rates…

Read More

The Barefoot Investor Book Review

Barefoot Investor Review by Mike Beal Financial Planner Sunshine Coast

The Barefoot Investor Book Review (barefootinvestor.com) The author has a cult-like following so I thought I better have a read. The concepts in the book are very good and it is a simple, enjoyable read, I can now see why the book is so popular. Here’s some of my takeaways: Budgeting: Budgets don’t work. Agreed.…

Read More

How to choose a Financial Planner

How to choose a Financial Planner

Find a local Financial Planner Find a local Financial Planner using the industry’s professional association, The Financial Planning Association, https://fpa.com.au/.  Members of the FPA must adhere to professional standards and the FPA’s code of ethics. Check the Financial Planner’s Qualifications and Experience The minimum qualification your adviser should have is an Advanced Diploma in Financial Planning.  A…

Read More