Raffy Sunico’s Post

Having worked in the Financial Advice "Industry" and "Profession" for 20 years, it seems quite easy now to reflect back and see something very obvious and fundamental, but something that I lost sight of for a significant period of time. I started training as a Financial Adviser, for an Insurance Company. Although they were a great Mutual company, with a niche in farming, I quickly realised my future would be to work for clients as a "Professional", as an independent adviser. In those early days of my career, there was a certain incongruence of seeing clients that I wished to help to the best of my ability, but only offering products from one company. I eventually made the shift to being independent but realised even amongst independent advisers, some are more independent than others. Having periodically felt that I could not be the authentic adviser that I wanted to be, the one that wanted to help people, not simply sell investments, I have at times battled depression, felt I lacked purpose and was being forced to act in ways I did not believe was always right for clients. 2024 has been a revelation for me, I found my purpose again and I (re)found what was obvious to me in the infancy of my career. Namely, I can only be a happy financial adviser if I believe in what I am doing, if I do not have conflicts of interest and I sit on the same side of the table of my clients, not the product providers where they may be invested. The article I shared today, shows how important independent advice is. St James Place (SJP) clients, have a SJP adviser, a SJP investment fund and an SJP pension, bond or ISA. The individual adviser may be a great person but can they truly sit on the same side of the table as their client? SJP are not the only company with this model, but I believe we are starting to see a resurgence in vibrant, smaller advice practices like Celtic Financial Planning Ltd , that truly put clients interests first and are not owned by Investment companies or Private Equity. To misquote a slogan "The future is bright, the future is independent".

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As you tackle your spring cleaning checklist, don't forget to take a fresh look at your investment accounts. Now is a good time to make sure the beneficiaries named on your accounts are correct.

As you tackle your spring cleaning checklist, don't forget to take a fresh look at your investment accounts. Now is a good time to make sure the beneficiaries named on your accounts are correct.

As you tackle your spring cleaning checklist, don't forget to take a fresh look at your investment accounts. Now is a good time to make sure the beneficiaries named on your accounts are correct.

As you tackle your spring cleaning checklist, don't forget to take a fresh look at your investment accounts. Now is a good time to make sure the beneficiaries named on your accounts are correct.

As you tackle your spring cleaning checklist, don't forget to take a fresh look at your investment accounts. Now is a good time to make sure the beneficiaries named on your accounts are correct.

As you tackle your spring cleaning checklist, don't forget to take a fresh look at your investment accounts. Now is a good time to make sure the beneficiaries named on your accounts are correct.

Estate planning is the preparation for the transfer of assets from one individual to another, or to another generation. Proper estate planning will determine who will be the estate’s heirs and beneficiaries and it determines how much each will receive and from which specific sources.   A properly crafted estate plan is more than a will and set of Powers of Attorney (PoA). A properly crafted estate plan incorporates these documents and other entities such as your superannuation fund, family trust, corporate trustees, investment companies, business, your family and your wishes. There are many things to consider in not only the transition of assets but also the transition of control of those assets. Without a valid will, state-based laws of intestacy will decide the outcome of your estate.   Have you considered: - Does your family know who your financial adviser, accountant, or lawyer is, so they can access an up-to-date record of your assets and liabilities? - Have you thought about establishing a trust to protect and manage your assets? - Would you like to provide a family member with the option to live in one of your properties? - How does your life insurance fit into your overall financial plan? - Have you created healthcare directives to ensure your medical preferences are followed if you become unable to make decisions for yourself? https://lnkd.in/gwRd44BK

As you tackle your spring cleaning checklist, don't forget to take a fresh look at your investment accounts. Now is a good time to make sure the beneficiaries named on your accounts are correct.