News

Online tool to help users find the right financial advice

Online tool to help users find the right financial advice

A new online toolkit developed by the Australian Securities and Investments Commission’s MoneySmart will enable Australians to better understand and navigate the financial advice process.

ASIC’s MoneySmart Financial Advice Toolkit is a free educational tool that breaks down the complexity within the financial advice process. It will assist consumers with their research and help them evaluate the financial advice they receive.

The toolkit provides an overview of the financial advice process and gives impartial guidance on:

Identifying financial goals and advice needs Tips on choosing an adviser Preparing to meet a financial adviser Understanding your Statement of Advice Reviewing your financial situation.

financial-advice-toolkit

Consumers can use the toolkit to create a customised “to do” list, which they can modify to suit their personal financial needs.

It also includes links to ASIC’s Financial Advisers Register, where consumers can check an adviser’s credentials – their licence, authorisations, experience and qualifications, and whether they have ever been banned or disqualified from providing financial services.

“Australians face major financial decisions throughout their lifetime, many of which can be complex and confusing,” ASIC deputy chairman Peter Kell says. “Yet only about one in five Australians obtain financial advice. ASIC recognises the value that quality advice can deliver and wants to see this increase.

“ASIC’s new toolkit is a practical resource to help Australians assess the quality of the advice they receive and make better financial decisions.”

The new digital tool complements and supports ASIC’s regulatory and enforcement work in the financial advice sector and is designed to improve demand-side capability at critical financial moments.

The toolkit is available on ASIC’s MoneySmart website.

About API

Founded in 1997, API is Australia's highest-selling property magazine.

Original author: API
New home sales fall to two-year low
Former financial adviser banned
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Monday, 25 March 2019
If you'd like to register, please fill in the username, password and name fields.

Top Articles

05 November 2018
General Articles
New Business, Service or Product Launches
My Property Negotiator™ You find the best property. We get you the best result. With hundreds of successful negotiations and client purchases under our belt, My Property NegotiatorTM gives you an...
02 November 2018
General Articles
New Business, Service or Product Launches
VaultRE Product Overview Document VaultRE is the product of a strong, strategic partnership that combines experience spanning 46 years of real estate specific software development, with the knowledge,...
03 June 2018
Business Opportunities
New Business, Service or Product Launches
RealWay is pleased to announce an exciting and major change to our business model. We are moving from a franchise to a licence model which we have called Regal. Regal stands for RealWay Exclusive Geog...
20 October 2018
Tutorials
Linktosale has its own built in events management system. This can be used to manage home opens as well as all other types of events. For this tutorial we are going to focus on home opens.When an agen...
Wait a minute, while we are rendering the calendar

Random Posts

25 July 2017
Kitchens & Bathrooms
An attractive and healthy-looking kitchen is one of the most striking spaces in the home. The condition of your kitchen can add to or subtract from the overall beauty and warmth of the apartment.  Tha...
29 January 2018
Cleaning / Maintenance
Have you ever imagine how you would feel if your friends are going out but you can’t go with them because you have some infection? Well, at some point, this has happened to us and it usually isn’t a g...
19 June 2017
Cleaning / Maintenance
The risk of floods in the U.S is even higher today and as the debate on the major causes of weather changes rages on, most property owners are suffering profound losses. The last thing on your mind wh...

Translate Site

Company

LINKTOSALE.COM.AU PTY.LTD.
ABN: 77 626 273 050
Perth, WA 6036

Subscribe To Our Newsletter

0
Shares
Cron Job Starts