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Episode 30: Financial Facilitation is the new Buzzword

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11 Feb, 2021
Philip Robison

My guest today is the Senior Advisor at Wealth HQ: Peter Handberg.  For the past 20 years plus he’s has worked with large accounting firms and other corporates and is now shaking things up with his own advisory firm.

He’s super passionate about getting clients in control of their money and implementing smart strategies to get them ahead and feeling ‘money-secure’ and excited about their financial future.

He covers all aspects of investing and superannuation and specialises in Self-Managed Superannuation Funds.

I get stuck straight in to the The Elephant in the Room – The Royal Commission Report from Justice Hayne. We discuss two of the big recommendations of the Report. The cessation of Trailing Commissions for Financial Planners and Ongoing Advice Fees Where there’s an ongoing fee arrangement between a planner and client these must now be reviewed and renewed by the client on an annual basis.

Peter shares his point of difference as a Financial Facilitator and how this differs from that of a Financial Planner.

Peter explain the role property can play in his Statement of Advice and we review “The Property Strategy Document.”

We take a look at some of the common pitfalls and mistakes consumers make.

Fortunately there are plenty of good stories and Peter gives the listeners some

examples of where he has been able to create really good financial outcomes for clients.

I ask Peter how he helps to best determine which type of property asset will tick the boxes for a client?

Peter unpacks the mystery for so many people which is Superannuation. We look at some of the Positives and Negatives of having your own Self-Managed Super Fund (or SMSF) and the costs associated with setting one up and the ongoing costs of maintaining a SMSF as compared to the average Industry Fund. Peter shares some examples of where setting up an SMSF can be really beneficial.

As usual we discuss examples of what’s going on at the coalface right now.

It’s a fascinating and robust discussion around “The Great Australian Dream” and how to be a part of it.

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