World Financial Planning Month

To demonstrate the difference between an Australian that has been financially advised to an unadvised, the Financial Planning Association (FPA) has released an inaugural Value of Advice (VoA) Index.

Some of the key insights:

Advised Australians are better off

Australians who have an active relationship with a financial planner are found to be better off, suffer less financial stress, enjoy a higher quality of life, more financial confidence and are more satisfied with their wealth.

Advised Australians have better retirements

Pre-retirees who receive financial advice have a brighter retirement future, experience a better retirement than those who are not advised.

Advice worth every cent

Advised Australians overwhelmingly believe advice has made them tangibly financially better off and that its value outweighs the cost.

If you’d like to read more about the research, go to the resource or view the infographic here.

Source: www.fpa.com.au

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