Best Financial Planning Services

Financial advisors can help both seasoned investors expand their wealth portfolios, and investment newbies who've received an unexpected inheritance and don't want to be that guy or girl burying gold bars in their backyard.

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What exactly does a financial planner do?

A financial planner is a type of financial adviser that devises strategies to help you achieve your personal financial goals. Financial planning often involves growing a wealth management portfolio so you can be more financially free, for example, through an early retirement.

While financial planners frequently provide comprehensive, ongoing financial advice, they can also assist with one-off issues, like suggesting what to do when you inherit shares.

Here is a list of common services provided by a financial planners.

Cash flow management

This service helps businesses keep track of how much money is flowing into the business, compared to outgoings like rent and salaries.

Investment management

Good investment planning helps you get the most benefit from an investment portfolio, whether assets include property, stocks, or bonds. A plan should incorporate steps to minimise risk and maximise returns, and advice on whether to buy or sell assets if applicable.

Superannuation advice

Advice on super can teach you how to increase contributions and determine the right time to access your super. Help setting up and managing a SMSF (self-managed super fund) is also common.

Retirement planning

Along with the lump sum in your super fund at the end of your working life, retirement planning considers how you can reap the rewards from any savings, investments, government benefits, or sale of assets, to bolster your retirement fund for the future.

Estate planning

Financial management professionals can make recommendations to minimise taxes paid by beneficiaries who’ve been legally transferred assets in accordance with a will.

What should I look for in a financial planner?

Instead of just searching for ‘financial planner near me,’ this question involves some careful consideration, as these guys work with your hard-earned money and you want to make sure it’s treated with care.

Credentials

As a bare minimum, a financial planner needs to have an Australian Financial Services (AFS) license, which means they’re listed on the Financial Advisers Register (a legal requirement in Australia). If you decide to hire them, planners must issue you with a Financial Services Guide by your second meeting. This outlines the services they'll perform, scope of work, and the charges.

Ask plenty of questions

You should do this to ascertain whether the planner or company is the right match for your financial situation. As a non-exhaustive list, you can ask what the planning company specalises in, their main client base, and any commissions they receive if they sell you financial products.

Compatibility

Lastly, be clear that you and your financial planner are on the same page in terms of how your fund/portfolio will be managed.

When reading reviews, it’s clear that the best financial planners were not only skilled at creating strategies, but really listened to provide the right strategies for each individual client. They were receptive, not pushy, and worked collaboratively with clients to achieve a shared goal.

To discover more tips from reviewers on how to connect with a good financial planner, simply scroll down today.

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Future Assist Group of Companies

Featured review: I have nothing but praise for the team at Future Assist. All of their team are friendly and helpful, always ready to give advice and guidance. They helped set up our SMSF for us and offered a good cross section of investments without any sales pressure. The investments they recommended have all given good returns so far. Their fees are low in comparison to the percentage based fees the big super funds charged. Overall they have saved us tens of thousands and helped put the value of our super well ahead of where we would have been if we had stayed with our old super fund.

Highly knowledgeable staff
Well-considered strategies
Positive outcomes
  • Transparency
    4.7 (126)
  • Customer Service
    4.7 (105)

Best Financial Planning Service

Superannuation Advice Australia
  • Award Winner 2022
4.8 from 2,082 reviews

Superannuation Advice Australia is a licensed financial advisory firm that provides independent superannuation advice catered to each customer’s financial interests.

Expert financial advice
Friendly and accommodating advisers
Handy free services
  • Transparency
    4.8 (1,642)
  • Customer Service
    4.9 (1,719)
2nd Best Financial Planning Service
My Online Adviser
  • Award Winner 2022
4.9 from 359 reviews

My Online Adviser draws on the skills of a team that specialises in financial planning. They help customers understand and take charge of their finances.

Knowledgeable advisers
No sales pressure
Transparent business practices
  • Transparency
    4.8 (258)
  • Customer Service
    4.9 (268)
3rd Best Financial Planning Service
ActOn Wealth
  • Award Winner 2021
5.0 from 122 reviews

ActOn Wealth offers help with cashflow and budget management, wealth creation, risk protection, lending, retirement planning and superannuation, self-managed superannuation, direct property advice and estate planning.

Outstanding financial expertise
Prompt, efficient and friendly customer service
  • Transparency
    5.0 (78)
  • Customer Service
    5.0 (79)
Future Assist Group of Companies

Future Assist is a company of wealth experts who provide comprehensive financial services; including wealth strategies, tax minimisation, investment lending, property investing, and wills and estate planning.

Highly knowledgeable staff
Well-considered strategies
Positive outcomes
  • Transparency
    4.7 (126)
  • Customer Service
    4.7 (105)
Fat Prophets
4.1 from 289 reviews

Latest review: weekly updates and webinars are very helpful with the investment decision-making

  • Transparency
    4.4 (186)
  • Customer Service
    4.4 (191)

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Veye
4.7 from 49 reviews

Veye is an independent equities research firm that provides unbiased recommendations to clients about buying, selling or holding stocks. Their mission is to help clients increase their wealth and attain financial freedom.

  • Transparency
    4.6 (10)
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    4.7 (10)
Xero
3.9 from 562 reviews

Latest review: What I find frustrating is that Xero assumes (from my perspective & Experience) that everybody understands the process order of setting up Xero. I am 72 and have not had much accounting experience

  • Transparency
    4.2 (416)
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Sheffield Financial Advisors
4.2 from 16 reviews

Latest review: Every one I have spoken to and met with at Sheffield Financial have been very helpful and professional . They have always been willing to answer any of my questions and have given me a greater

Kyra Finance
4.7 from 12 reviews

Latest review: Excellent service and great communication. KYRA finance has very well looked after our needs and made the process so simple. We were kept informed throughout the application and we did not have to

  • Transparency
    4.6 (11)
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    4.7 (11)
Apex Financial Planning
4.7 from 11 reviews

Latest review: I had no idea how much the Super fund I was with through my employer was rorting me! Hundreds of thousands of dollars extra it is estimated I will be better off just be moving to a Super fund that

  • Transparency
    4.7 (9)
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    5.0 (10)
Platinum Accounting & Taxation

Latest review: I have been using Platinum accounting to do my tax for a few years now, Corinne is very helpful when it comes to my tax enquiries and she does an excellent job with my tax return. I have used other

  • Transparency
    4.9 (8)
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    4.9 (9)
Rate One
5.0 from 7 reviews

Latest review: Really happy with the service at RateOne. Big thanks to Dominica Durand. Dominica finessed my complex mortgage case quickly and flexibly without any dramas. She is friendly and easy to talk to,

  • Transparency
    5.0 (5)
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    5.0 (5)
Ellerfield Financial Planning

Latest review: Almost two and half years ago now [name removed](my husband) and I sat down and decided it was time to take serious action toward our retirement goals most importantly take care of our finances.

The Motley Fool
1.8 from 459 reviews

Latest review: Thank goodness I have not purchased one share this year from exponent stock investor they are all at a loss not one winner. I think they purchase a particular stock and recommend it so as the fools

  • Transparency
    2.0 (244)
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    2.1 (221)
Invest Blue
4.2 from 5 reviews

Latest review: Thanks Stephen for all the time and effort put in to our file, when the bank pulled out 6 days before settlement and u still somehow made this a pretty stress free extra 3 weeks , knowing exactly

  • Transparency
    3.0 (2)
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    3.0 (2)
Empire Financial Group
4.2 from 5 reviews

Latest review: I have had a long and close relationship spanning some 20 years now with Phil Frost formerly of WB Financial and now with the Empire Financial Group. During all these years Phil has guided and helped

  • Transparency
    5.0 (3)
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    5.0 (4)
QSA Financial Services
4.2 from 5 reviews

Latest review: QSA really helped me sort out my life insurance and income protection which has given me real peace of mind. Hailey was so professional and thorough, I had no doubt that our finances were in good

Odyssey Financial
2.4 from 12 reviews

Latest review: Do not trust. Purchased an investment property. Was promised minimum $560 p/w rent. Getting just half that - pre-Covid. Advice way off almost fraudulent and he (Nic Don) doesn’t give a t

  • Transparency
    3.7 (3)
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    3.7 (3)
Intelligent Investor
3.0 from 7 reviews

Latest review: I subscribed about 6 months ago and have bought and sold about 250k worth of stock using their recommendations. At the moment I am $2,500 down which I think is about even. At first the reasoning

  • Transparency
    5.0 (3)
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    5.0 (3)
Lime Financial Services
5.0 from 3 reviews

Latest review: I have employed Andrew at Lime Financial Services for all my new home loan reviews/changes for a very long period of time (3 moves). He is an extremely professional, knowledgeable & caring person and

  • Transparency
    5.0 (1)
  • Customer Service
    5.0 (1)
Ad
Future Assist Group of Companies

Featured review: I have nothing but praise for the team at Future Assist. All of their team are friendly and helpful, always ready to give advice and guidance. They helped set up our SMSF for us and offered a good cross section of investments without any sales pressure. The investments they recommended have all given good returns so far. Their fees are low in comparison to the percentage based fees the big super funds charged. Overall they have saved us tens of thousands and helped put the value of our super well ahead of where we would have been if we had stayed with our old super fund.

Highly knowledgeable staff
Well-considered strategies
Positive outcomes
  • Transparency
    4.7 (126)
  • Customer Service
    4.7 (105)
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