An adviser who holds a Financial Services License (or is authorised under one) is able to recommend a product.
The benefits of an adviser are;
The drawbacks of an adviser are;
Find an adviser
The best place to find an adviser is at Adviser Ratings
A robo adviser must also hold a Financial Services License. Typically you will be asked some online questions to establish your risk profile. The “Robo” will then place your investment in a relatively low cost “passive fund” like an ETF.
A $50,000 investment, returning 7% p.a. for 35 years will grow to $325,691 with an “active manager” fee of 1.5%. Using a Robo adviser with a fee of 0.5% the balance will be $455,240. A 40% improvement.
The benefits of a robo adviser are;
The drawbacks of a robo adviser are;
Find a robo adviser
Here is a non-exhaustive list of robo advisers;
Online tools, information and products make DIY an inexpensive, viable option.
The benefits of DIY are;
The drawbacks of DIY are;
There are a number of online sites offering insurance policies. Here are some of them.
Signing up comes with an automatic seven day free trial, after which you are billed. If you would like a different trial period contact us at email@example.com