array(1) { [0]=> &object(stdClass)#7381 (52) { ["id"]=> string(5) "17805" ["title"]=> string(28) "Wrapping up an eventful 2021" ["alias"]=> string(28) "wrapping-up-an-eventful-2021" ["introtext"]=> string(220) "

In the final episode of The nestegg Podcast for 2021, host Maja Garaca Djurdjevic checks in with our three experts to hear their final thoughts on the year that’s passed and their hopes for the next 12 months.

" ["fulltext"]=> string(1011) "

Steve Waters, director of Right Property Group, talks Christmas selling season and opens up about the key lessons that he’s learnt this year that he will gladly take forward with him into 2022.

RMIT senior lecturer of finance Dr Angel Zhong covers meme stock ETFs as well as provides her thoughts on next year’s economic outlook.

Finally, tax and super guru Timothy Munro shares his end of year financial checklist and some handy tips that could help you keep your credit card in check over the gifting season.

Tune in to hear more below.

Have a question for our experts? Get in touch at [email protected], and you might get featured on the next episode.

" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["catid"]=> string(3) "302" ["created"]=> string(19) "2021-12-14 03:11:58" ["created_by"]=> string(2) "64" ["created_by_alias"]=> string(0) "" ["state"]=> string(1) "1" ["modified"]=> string(19) "2021-12-14 07:46:21" ["modified_by"]=> string(4) "2404" ["modified_by_name"]=> string(12) "Robyn Tongol" ["publish_up"]=> string(19) "2021-12-14 07:40:26" ["publish_down"]=> string(19) "0000-00-00 00:00:00" ["images"]=> string(240) "{"image_intro":"images\/podcasts\/090321_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg","float_intro":"","image_intro_alt":"","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}" ["urls"]=> string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}" ["attribs"]=> string(855) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","video_url":"","channel_id":"UCLBR-2LtTtui_WiRuEfW3qA","send":"0","test":"0","comments":"1","readingDiff":"3","schema_active":"0","schema_name":"","schema_description":"","schema_thumbnailUrl":"","schema_uploadDate":"","schema_duration":"","schema_contentUrl":"","schema_embedUrl":"","canonical_link":""}" ["metadata"]=> string(68) "{"robots":"","author":"","rights":"","xreference":"","metatitle":""}" ["metakey"]=> string(24) "wrapping, eventful, 2021" ["metadesc"]=> string(200) "In the final episode of the The nestegg Podcast for 2021, host Maja Garaca Djurdjevic checks in with our three experts to hear their final thoughts on the year that’s passed and their hopes for the " ["access"]=> string(1) "1" ["hits"]=> string(4) "1287" ["xreference"]=> string(0) "" ["featured"]=> string(1) "0" ["language"]=> string(1) "*" ["readmore"]=> string(4) "1011" ["ordering"]=> string(1) "0" ["category_title"]=> string(7) "Podcast" ["category_route"]=> string(17) "resources/podcast" ["category_access"]=> string(1) "1" ["category_alias"]=> string(7) "podcast" ["published"]=> string(1) "1" ["parents_published"]=> string(1) "1" ["lft"]=> string(2) "82" ["author"]=> string(8) "Reporter" ["author_email"]=> string(33) "[email protected]" ["parent_title"]=> string(9) "Resources" ["parent_id"]=> string(3) "300" ["parent_route"]=> string(9) "resources" ["parent_alias"]=> string(9) "resources" ["alternative_readmore"]=> NULL ["layout"]=> NULL ["params"]=> object(Joomla\Registry\Registry)#7572 (3) { ["data":protected]=> object(stdClass)#7383 (95) { ["article_layout"]=> string(14) "momentum:newne" ["show_title"]=> string(1) "1" ["link_titles"]=> string(1) "1" ["show_intro"]=> string(1) "0" ["info_block_position"]=> string(1) "0" ["info_block_show_title"]=> string(1) "1" ["show_category"]=> string(1) "1" ["link_category"]=> string(1) "1" ["show_parent_category"]=> string(1) "0" ["link_parent_category"]=> string(1) "0" ["show_associations"]=> string(1) "0" ["flags"]=> string(1) "1" ["show_author"]=> string(1) "1" ["link_author"]=> string(1) "0" ["show_create_date"]=> string(1) "0" ["show_modify_date"]=> string(1) "1" ["show_publish_date"]=> string(1) "1" ["show_item_navigation"]=> string(1) "1" ["show_vote"]=> string(1) "1" ["show_readmore"]=> string(1) "1" ["show_readmore_title"]=> string(1) "1" ["readmore_limit"]=> string(3) "100" ["show_tags"]=> string(1) "0" ["show_icons"]=> string(1) "1" ["show_print_icon"]=> string(1) "1" ["show_email_icon"]=> string(1) "1" ["show_hits"]=> string(1) "1" ["record_hits"]=> string(1) "1" ["show_noauth"]=> string(1) "0" ["urls_position"]=> string(1) "0" ["captcha"]=> string(0) "" ["show_publishing_options"]=> string(1) "1" ["show_article_options"]=> string(1) "1" ["save_history"]=> string(1) "1" ["history_limit"]=> int(10) ["show_urls_images_frontend"]=> string(1) "0" ["show_urls_images_backend"]=> string(1) "1" ["targeta"]=> int(0) ["targetb"]=> int(0) ["targetc"]=> int(0) ["float_intro"]=> string(4) "left" ["float_fulltext"]=> string(5) "right" ["category_layout"]=> string(14) "momentum:newne" ["show_category_heading_title_text"]=> string(1) "1" ["show_category_title"]=> string(1) "1" ["show_description"]=> string(1) "0" ["show_description_image"]=> string(1) "0" ["maxLevel"]=> string(2) "-1" ["show_empty_categories"]=> string(1) "0" ["show_no_articles"]=> string(1) "1" ["show_subcat_desc"]=> string(1) "1" ["show_cat_num_articles"]=> string(1) "0" ["show_cat_tags"]=> string(1) "1" ["show_base_description"]=> string(1) "1" ["maxLevelcat"]=> string(2) "-1" ["show_empty_categories_cat"]=> string(1) "0" ["show_subcat_desc_cat"]=> string(1) "1" ["show_cat_num_articles_cat"]=> string(1) "1" ["num_leading_articles"]=> string(2) "14" ["num_intro_articles"]=> string(1) "0" ["num_columns"]=> string(1) "0" ["num_links"]=> string(1) "0" ["multi_column_order"]=> string(1) "0" ["show_subcategory_content"]=> string(2) "-1" ["show_pagination_limit"]=> string(1) "0" ["filter_field"]=> string(4) "hide" ["show_headings"]=> string(1) "1" ["list_show_date"]=> string(9) "published" ["date_format"]=> string(0) "" ["list_show_hits"]=> string(1) "0" ["list_show_author"]=> string(1) "1" ["orderby_pri"]=> string(4) "none" ["orderby_sec"]=> string(5) "rdate" ["order_date"]=> string(9) "published" ["show_pagination"]=> string(1) "2" ["show_pagination_results"]=> string(1) "1" ["show_featured"]=> string(4) "show" ["show_feed_link"]=> string(1) "1" ["feed_summary"]=> string(1) "0" ["feed_show_readmore"]=> string(1) "0" ["sef_advanced"]=> int(1) ["sef_ids"]=> int(1) ["custom_fields_enable"]=> string(1) "1" ["show_page_heading"]=> NULL ["layout_type"]=> string(4) "blog" ["menu_text"]=> int(1) ["menu_show"]=> int(1) ["page_title"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["menu-meta_description"]=> string(180) "Let us help you decide how you want to invest your money on. Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, property and stock market." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-12-14 07:40:26" ["slug"]=> string(34) "17805:wrapping-up-an-eventful-2021" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(47) "/resources/podcast/wrapping-up-an-eventful-2021" ["image"]=> string(65) "images/podcasts/090321_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg" ["image_alt"]=> string(0) "" } }

Latest Podcast

Wrapping up an eventful 2021...

Resources

There is $17.5 billion in lost and unclaimed super across ...

Invest

Questions to ask investment professionals before choosing an adviser

By Louise Chan

August 10 2018
Share

Invest

Questions to ask investment professionals before choosing an adviser

By Louise Chan
August 10 2018

A person can grow their wealth more effectively and fight the effects of inflation by investing their money, but portfolio management can be difficult for inexperienced investors. Engaging a licensed investment professional can help them mitigate investment risks. Choosing the right person, however, requires careful evaluation.

Questions to ask investment professionals before choosing an adviser

By Louise Chan

August 10 2018
Share

Investors need to prepare questions to ask a financial planner to find the right investment professional who can help manage their investments according to their objectives and goals.

Nest Egg provides a guide on what to ask investment professionals in an interview in order to determine if they’re the right person to hire.

Evaluate your purpose for investing

Before consulting a professional, consider evaluating your investment objective because this will help narrow down the list of potential advisers.

Answer this: What is this investment for?

Before searching for an adviser or broker, clarify your purpose for the investment and identify your time horizon and risk tolerance.

Knowing the underlying reason for the intended investment may help determine the kind of advice needed and direct you to investment professionals who could potentially help meet those objectives.

Likewise, be clear about your requirements and expectations from a financial manager so that the potential advisers you will interview will have a clear idea about the kind of service they are required to provide.

Important questions to ask investment professionals

The first meeting with a stock broker, financial planner or adviser should ideally be an informative exchange.

Don’t be afraid or embarrassed to ask the investment professional to explain whatever areas you have difficulty understanding. Refrain from signing any document or employing the professional without receiving satisfactory and understandable responses to all your questions.

Consider inquiring about the following:

Credentials and Australian financial services (AFS) licence
Experience
Products
Services
Fees

Credentials and AFS licence
Ask the investment professional about their credentials and if they have an AFS licence.

Although a degree in accounting, finance, economics or financial planning are preferable, the professional doesn’t have to own a diploma on these disciplines. Rather, they should be able to show that they took steps to learn the ropes and have the qualifications to give financial and investment advice.

Any individual who gives investment recommendations, whether they are compensated or not, must have an AFS licence. This licence will allow you to confirm the legitimacy of their operation.

Experience
Ask about the financial adviser’s previous experiences and clientele. This should give you an idea if the adviser has experience dealing with people who share similar circumstances. Likewise, it may help you discern if the adviser can truly understand your objectives and can provide appropriate advice.

Products
It’s best to know what type of products the adviser can offer so you will know their investment limitations. Likewise, the adviser should be able to explain how a recommended product works and its role in the strategy for your portfolio.

This is important because some advisers may recommend switching to a different product that they receive commissions from, which could be a conflict of interest at the expense of the investor.

Services
Ask about the extent of services that the adviser provides and whether they have the appropriate licence to extend those services.

The adviser should also be upfront about the limitations of their advisory function so that you will not expect a personalised recommendation if they are only licensed to give general advice.

Fees
Recurring fees can negatively impact or neutralise the growth of an investment portfolio, which is why it’s important for you to be frank and ask about the adviser’s fees in percentage and dollar amount.

Consult the financial advisers register

Once you know the name and AFS licence number of the adviser, the Australian Securities and Investments Commission (ASIC) recommends consulting the financial advisers register to learn their details, such as their credentials, experiences, professional associations and approved product list, among other qualifications.

This information has been sourced from ASIC and FINRA.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates

Rate the article

About the author

Louise Chan

Louise is a content producer for Momentum Media’s nestegg who likes keeping up-to-date with all the ways people can work towards financial stability in 2019. She also enjoys turning complex information into easy-to-digest, practical tips to help those who want to achieve financial independence.

About the author

Louise Chan

Property

Property prices boosted by housing policies: RBA

The central bank has outlined the “pervasive” impact that policy has on property. ...Read more

Property

Labor’s ‘Help to Buy’ scheme not without its risks

With Anthony Albanese sworn in as Australia’s 31st PM, home buyers are excited at the prospect of accessing the new ‘Help to Buy’ scheme, but a property expert has warned that the risks may be g...Read more

Property

Australia's housing market is entering a ‘broad-based correction phase’

Westpac believes the housing market downturn is now underway. ...Read more

Property

ANZ now expects house prices will end the year lower

With higher interest rates on the horizon, the bank is forecasting larger house price declines than previously expected. ...Read more

Property

Which capital cities are most attractive to property investors?

A new survey has suggested that investor attention is shifting away from Australia’s two largest capital cities. ...Read more

Property

Market uncertainty fails to discourage foreign property investors

While interest from foreign investors in Australian property has remained strong, HLB Mann Judd warned that tax increases could see demand shift to other markets. ...Read more

Property

Regional renters forced to spend more of their income than ever before

Renters in regional areas are spending nearly as much on rent as home owners are spending on mortgage repayments. ...Read more

Property

Aussie home buyers now need to save for over 11 years for a deposit

Since early 2020, the time needed to save for a deposit has increased by more than two years. ...Read more

Listen

Wrapping up an eventful 2021

Listen now

What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins?

Listen now

Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products?

Listen now

Who really benefits from crypto ETFs? How will the RBA respond to rising inflation? Could a mandate help address unpaid super?

Listen now

Watch

nestegg Presents: Meet the Manager with Philip Ryan - Trilogy Funds

Watch now

nestegg Presents: Meet the Manager – Australian Solar Investments

Watch now

How much do you expect to spend at Christmas

Watch now

Is your super really that super?

Watch now

Read

‘Savage’ stock sell-off isn’t without reason, says State Street

Investor inflation concerns persist following Labor victory

Solar energy and uranium ETFs launched by BetaShares

Investors should consider less traditional assets, deVere CEO suggests

Financial terms made easy

What Is A Personal Cash Loan - Video

What’s ethical investing?

What is a commodity?

What is a mortgage broker?

sections

sections

sections

sections

sections

sections

sections

Most read

...

Latest Podcast

Wrapping up an eventful 2021...

Resources

There is $17.5 billion in lost and unclaimed super across ...

Invest

Questions to ask investment professionals before choosing an adviser

Invest

Questions to ask investment professionals before choosing an adviser

Questions to ask investment professionals before choosing an adviser

Evaluate your purpose for investing

Important questions to ask investment professionals

Consult the financial advisers register

RELATED ARTICLES

Property prices boosted by housing policies: RBA

Labor’s ‘Help to Buy’ scheme not without its risks

Australia's housing market is entering a ‘broad-based correction phase’

About the author

About the author

more on this topic

Property

Property prices boosted by housing policies: RBA

Property

Labor’s ‘Help to Buy’ scheme not without its risks

Property

Australia's housing market is entering a ‘broad-based correction phase’

Property

ANZ now expects house prices will end the year lower

Property

Which capital cities are most attractive to property investors?

Property

Market uncertainty fails to discourage foreign property investors

Property

Regional renters forced to spend more of their income than ever before

Property

Aussie home buyers now need to save for over 11 years for a deposit

Watch

nestegg Presents: Meet the Manager with Philip Ryan - Trilogy Funds

nestegg Presents: Meet the Manager – Australian Solar Investments

How much do you expect to spend at Christmas

Is your super really that super?

Meet the Manager series with John Baini - Episode 1

Knowing your rights as a consumer

It PAYS to speak up about your finances

Meet The Manager: The hunt for yield continues domestically despite the Australian economy 'coming off the boil'

Is your car worth it?

Video: Trick or treat this tax time

Watch

nestegg Presents: Meet the Manager with Philip Ryan - Trilogy Funds

nestegg Presents: Meet the Manager – Australian Solar Investments

How much do you expect to spend at Christmas

Is your super really that super?

Listen

Sick of reading? Let the Nest Egg Podcast deliver information on topics as varied as crypto and emerging markets to retirement strategies and financial literacy straight to your ears.

Wrapping up an eventful 2021

What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins?

Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products?

Who really benefits from crypto ETFs? How will the RBA respond to rising inflation? Could a mandate help address unpaid super?

How the post-lockdown period will influence property, what the soaring NFT market means, and defining financial wellness

APRA’s mortgage crackdown, the power of DeFi and last-minute tax tips

What to expect as the end of lockdown looms? Will the Stage 2 tax cuts boost your tax return? Where should investors be looking as the economy reopens?

Could property prices inflate by another 20%? What’s happening in recent dividend announcements? Did your fund fail the YFYS test?

What does the NSW regional permit mean for property investors? Who really wins from the BHP-Woodside merger?

The sea and tree-change norm; Square’s acquisition of Afterpay; Why you should think twice before turning to TikTok for advice

Listen

Wrapping up an eventful 2021

What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins?

Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products?

Who really benefits from crypto ETFs? How will the RBA respond to rising inflation? Could a mandate help address unpaid super?

Borrow

nestegg will keep you informed about the latest in banking, credit cards, and loans. With our wide-range of comprehensive content, you can get all the information you need on how to borrow money more effectively.

Personal cash loans