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Ellerfield Financial Planning

Ellerfield Financial Planning

4.5 from 6 reviews

See the Best Financial Planning in 2019 as rated by Australians on ProductReview.com.au.

Retirement Planning in "Nick of Time"

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. [name removed] not having full time work as a self employed sub contractor there are no holiday or rainy day funds for him. I contacted [name removed] as 10years ago we had purchased insurance products from him. Ellerfield put together for us a Mortgage Reducing Plan, a Savings Plan within our budget and also an Investment strategy was worked out for us and put into place. Ellerfield taught us to stop living from payday to payday. We never imagined we could have investments to help us reach and live our dreams and achieve financial goals along the way to our retirement. We look forward to continuing our relationship with Ellerfield and their dedicated and friendly individual team members.
Investment Plan is the most exciting product it has shown growth since commencement.

Not suited to our situation

Ellerfield charges us a fairly hefty upfront fee for their service on the basis that they did not take commissions, and that this freed them from being tied to predefined investment options. They then pushed what seemed in hindsight to be a predefined investment strategy from which they took a commission. They made mistakes on 100% of the investments that they administered on our behalf, which cost me a lot of time to chase up and rectify.
We have moved away from them several months ago, and are currently researching to find another financial planner. I was quick enough to withdraw before we lost any significant money, but upon analysis I believe that if we'd continued to follow their advice, we would not have many assets left by now
I would not say that they are dishonest, but they were certainly not what we needed nor what they presented themselves to be.
Generally friendly, seemed knowledgable
Bad advice; Multiple fees, commissions and kickbacks that are not obvious and not disclosed.

1 comment
Dear Scott, We are sorry to hear that our services were not suited to your situation. Ellerfield has been operating for over 23 years helping thousands of clients all over Australia and Internationally. We pride ourselves on open and transparent financial advice. The markets we invest clients funds into have significantly increased over the last 7 months as world markets improve - we hope you were able to take advantage of this significant opportunity. All of our professional fees are 100% disclosed to all our clients in clear and simple terms - we also pride ourselves on not taking commission. We do not take commission on investment products (a commission is a payment between the fund manager/investment company and the financial adviser) and we are proud that we have not taken commission on investment products for many years. Our investment advice is not swayed by any "kick backs" and we are honest and open about this. We would like to offer you a consultation to address any service issues you experienced as we want to ensure this is addressed. Please contact one of our 4 offices within Queensland if you wish to discuss further. We appreciate your feedback.

Great service and a dedicated team of professionals

I have had the pleasure of working with and being a Client of Ellerfield Financial Planning for the past 7 years. I enjoy working with a team of dedicated professionals who are experts in their field. They work diligently with Clients to support real results on their behalf. I highly recommend them as an innovative organisation that knows their stuff.
Up to date Financial Advice that is both useful and produces results

1 comment
Hi Michalle, Thank you for your lovely review and sharing your Ellerfield experience. It has been a pleasure working with you over the past 7 years and seeing you achieve great results. It has also been wonderful developing a friendly relationship with you, and we look forward to working with you for many years to come.

Where on our way...

We've been with Ellerfields for almost 3 years and have appreciated their holistic approach to planning our future. As a couple in our early 30's starting a family, all of their advice has helped us set a foundation and given us a clear idea of what our future could look like. Their conservative planning has set achievable goals, that are realistic and allow us a balance between short and long term needs.
We have always found the Ellerfields team very encouraging and accommodating, and cannot recommend them highly enough. We look forward to working with them over the next years to build our financial security.

1 comment
Hi Daniel, Thank-you for your review - We really enjoy seeing our clients change their financial behaviors and achieve their financial goals. Our goal planning service together with our MRP (Mortgage Reduction Plan) product is helping people achieve the goals all over Australia. Thank you for your support over the years and we look forward to assisting you in achieving your life goals.

Great service and results

Ellerfield are great. They have sorted out our Insurance, Super, Mortgage, and also review us every 4 months about our budget, goals, investment performance etc. We love the fact they contact us regularly and keep us up to date. Also like the online software and website - and Facebook account gives us free tips and we can communicate with them between our meetings. Now our mortgage is coming down fast using their strategy and our retirement planning is on track. Also like the fact they have been around for more than 20 years.
Service, Value for Money, good advice, 4 office locations
Need to travel 30mins to closest office

Excellent financial planning company

We recently used Ellerfield and were recommended to use them by our accountant. We were a bit hesitant but after our first meeting we knew this company knew what it was doing. They have been around for ages. We needed advice on how to reduce our mortgage and they put together a plan together with their online service - its pretty good. We have already paid off more of our mortgage than we thought possible using their tracking service. Very happy.
Professional, Caring, 20 year history, Simple to understand

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