ALL >> Investing---Finance >> View Article
People With Financial Advisors Retire Better Off
No, we are not just blowing our own trumpet. This is a finding of independent research commissioned by the Financial Services Council (FSC) and compiled by KPMG. The finding is based on data from three large financial advisory networks, including approximately 3.4 million accounts for the 2005-06 to 2008-09 financial years and covering a wide demographic sample, well representative of the Australian population.
According to the research, people who receive financial advice are almost $100,000 better off at retirement than those who do not receive advice.
The research also found that people with a financial advisor were at least four times more likely to hold some form of life insurance. This finding was supported by other industry studies compiled by KPMG indicating that those people who received financial advice had on average $260,000 worth of life insurance compared with $100,000 for those who purchased life insurance directly.
According to the FSC increasing access to knowledgeable advice is critical to ensure Australian families are adequately protected from financial hardship.
For financial planning advice and self managed superannuation funds contact: Newcastle Financial Planner & Self Managed Super Funds Specialists
Add Comment
Investing / Finance Articles
1. How To Prepare Your Gold Jewellery For SaleAuthor: vedpandey
2. Maximizing Your Investment Potential: Benefits Of Using A Sip Calculator
Author: Famaedward
3. Diversification Across Asset Classes: Benefits And Limitations
Author: Lynelle
4. What Factors Can Affect Your Mortgage Rate?
Author: Bloom Home Loans
5. Impact Of Ai On Esg Assessment: What Asset Managers Need To Know
Author: By Inrate Team
6. Jumbo Reverse Mortgage: Exploring Benefits, Limits, And Top Lenders
Author: Jack Rayn
7. Achieving Long-term Financial Success: Proven Investment Tips
Author: Daniel Stewart
8. Understanding Online Payday Loans: Your Complete Guide
Author: Daniel
9. No Credit Check Payday Loans: A Fast Financial Solution
Author: Daniel
10. The Future Of Superannuation In Western Australia: Trends And Changes
Author: Daniel Stewart
11. Understanding Nft Dapps: What They Are And How They Work?
Author: Cryptoreach
12. Uae E-invoicing Mandate: A Comprehensive Guide
Author: Aakash Parikh
13. All About Private Keys In Blockchain
Author: TechDogs
14. Understanding Public Key Cryptography In Blockchain
Author: TechDogs
15. Bergercpafirst: The Best Accounting And Financial Services Provider In Manhattan And Nyc
Author: HubraSEO