Today Financial Mappers starts a new Blog section called Financial News. When information is reported in either the Australian or the Financial Review, regarding financial planning or financial advice, a short summary directing you to the full article will be published and if you have registered to be notified of when new blots are published you will be advised.
Today, 18 August 2025, the Australian has published the article Most financial advisers don’t want your business by James Kirby.
Synopsis
The number of financial advisers is decreasing, and they have to charge a minimum of $3,000 – $4,000 to be viable. Fees of $4,000 to $8,000 are common and can be much higher if the client has complex financial situations.
New entrants such as Vanguard and Stockpot are making a market in “Off the Shelf” advice.
Most Australians require “limited advice” which is restricted to one area such as estate planning. Limited advice is not well serviced, as advisers prefer clients who are going to require ongoing annual advice.
Solution
The most critical time for seeking financial advice is when you are just starting, but you are unlikely to want to pay for that advice. Before you consider seeking financial advice, start to educate yourself by reading books on personal finance. To review a selection of over 30 recommended books, go to Blog section, Good Financial Reads.
In addition, you can select the Blog section Financial Literacy, and you will have access to over 30 articles relating to financial literacy. This is a quick way to start your financial journey.
Shortly Financial Mappers will be offering a FREE version. The key features of this new software will be:
- Create a 5 Year Plan
- Access to 5 Reports about the plan
- Financial Literacy Program
Financial Mappers does not offer financial advice or recommend financial products. The software allows the user to create a financial plan and project future estimations based on inputs such as Inflation, Investment Returns, and Loan Costs, which are selected by the user. Reports are generated based on the information in the Financial Plan.
Glenis Phillips SF Fin – Developer of Financial Mappers and Advice Online
Disclaimer: Financial Mappers does not have an Australian Services License, does not offer financial planning advice, and does not recommend financial products.
