Achieve your Financial Goals
Best Interest Advice has been advising clients for over 20 years on the best products and strategies to provide security for themselves and their families. Get started with a free, no obligation strategy session.
New Clients
What we do
An Australian Financial Services (AFS) licensee provides financial services to clients. This includes activities like providing financial advice, dealing in financial products, making markets, operating managed investment schemes, and more.
They are required to comply with various obligations, including conduct and disclosure, and ensure their staff are competent and meet ongoing training.
Best Interest Advice licence enables its advisers to engage with existing and potential clients to:
- Provide financial product advice: Recommending financial products to clients.
- Deal in financial products: Buying or selling shares or issuing interests in managed investment schemes.
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Other Activities
- Providing claims handling and settling service: Handling and settling claims related to financial products.
- Arranging for clients to deal in SMSFs: Helping clients set up and manage Self-Managed Superannuation Funds (SMSFs).
Our Obligations
- General conduct and disclosure obligations: Ensuring fair and honest financial services and providing clear information to clients.
- Competence and training: Maintaining their own competence and ensuring their staff are adequately trained.
- Risk management: Having adequate risk management systems in place.
- Compliance: Complying with all relevant financial services laws.
- Dispute resolution: Having a system in place for resolving disputes with clients.
Existing Clients
Manage your Financial Affairs
If you are an existing client of Best Interest Advice, you can continue to manage your financial affairs with the support of our dedicated team.
To book a meeting with one of our financial advisers or client services manager, please click the link below.
What does Financial Advice cost
The average fee for financial advice in Australia ranges from $3,300 to $5,800, depending on the type of advice and whether it’s a one-off or ongoing service.
Simple advice might cost around $2,500 upfront and $3,500 ongoing, while comprehensive advice can range from $4,400 upfront to $5,800 ongoing.
Ongoing management fees can also be based on the assets under management, typically ranging from 0.5% to 1% for portfolios above $1 million.
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Types of Fees
- Upfront / One-off: This covers the initial consultation and the preparation of a Statement of Advice (SOA) or financial plan.
- Ongoing: This covers ongoing advice, portfolio management, and regular reviews.
- Assets Under Management (AUM): Some advisors charge a percentage of the total value of the portfolio they manage.
- Fixed Fee: Some advisors offer a flat annual fee for their services.
Factors Affecting Fees
- Complexity of the advice: More complex financial situations, like tax planning or retirement distribution strategies, may incur higher fees.
- Type of advice: Simple advice (e.g., superannuation advice) will likely be less expensive than comprehensive advice (e.g., investment and retirement planning).
How do you engage with a Best Interest Advice planner
We offer face to face and over the internet meetings with our clients. You have a choice.
Younger financial planners and clients tend to have higher technology self-efficacy – they are more confident in navigating and troubleshooting virtual meeting tools – which correlates strongly with their perception that virtual meetings can be as productive as in-person meetings.
Conversely, older clients, while initially perceived as potentially resistant to technology, have shown increased openness and comfort with platforms like Zoom, partially driven by the pandemic’s necessity for remote communication.
Data indicates that more than half of people aged 60 and above are willing to engage with remote advisors, showing a significant shift in demographic adoption patterns triggered by COVID-19.
