I recently paid $2750 to have a financial planner to create a Statement of Advice for me in terms of setting up a long-term financial plan.
The cost of implementing it will be somewhere in the region of $10K - and I'm baulking at it a bit. Plus $5K annually to keep reviewing it and making sure that it suits me.
I like the fact that they aren't trying to flog me any products to get comissions etc but it is a lot of money. I know that the benefits that they can pick out in terms of income protection and tax benefits will probably end up paying for itself - it's just that I'm a bit put off by the initial amount.
I just wonder whether I can do this myself and save the money...
For some background I'm 29 with a high income ($150K+)