6 episodes

Ever wondered why you might need a financial adviser, what a financial adviser does, or what real financial advice actually looks like? 'Why Advice?' looks behind the curtain of financial advice in Australia from values & evidence based perspective, while also taking a look at topical financial news and events. 
https://www.mfg.com.au/
This podcast is for informational purposes only and the information contained is of a general nature and may not be relevant to your particular circumstances. The circumstances of each investor are different, and you should seek advice from a professional financial adviser who can consider if particular strategies and products are right for you. In all instances where information is based on historical performance, it is important to understand this is not a reliable indicator of future performance. You should not rely on any material on this podcast to make investment decisions and should seek professional advice.
Mancell Financial Group is an Authorised Representative No. 226266 and Credit Representative No. 403187 of FYG Planners Pty Ltd, AFSL/ACL No. 224543. ABN 29 009 541 253.

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Why Advice‪?‬ Mancell Financial Group

    • Investing

Ever wondered why you might need a financial adviser, what a financial adviser does, or what real financial advice actually looks like? 'Why Advice?' looks behind the curtain of financial advice in Australia from values & evidence based perspective, while also taking a look at topical financial news and events. 
https://www.mfg.com.au/
This podcast is for informational purposes only and the information contained is of a general nature and may not be relevant to your particular circumstances. The circumstances of each investor are different, and you should seek advice from a professional financial adviser who can consider if particular strategies and products are right for you. In all instances where information is based on historical performance, it is important to understand this is not a reliable indicator of future performance. You should not rely on any material on this podcast to make investment decisions and should seek professional advice.
Mancell Financial Group is an Authorised Representative No. 226266 and Credit Representative No. 403187 of FYG Planners Pty Ltd, AFSL/ACL No. 224543. ABN 29 009 541 253.

See acast.com/privacy for privacy and opt-out information.

    Why Advice #6 Personal Insurance

    Why Advice #6 Personal Insurance

    Why does someone need personal insurance?
    Daniel is joined by Peter Mancell, founder of Mancell Financial Group and Peter has advised clients on insurance for 41 years. Coincidentally, this podcast coincides with the first policy he ever wrote. If you want to get a better understanding of personal insurance, this is an important listen. 
    The pair discuss:

    The types of insurance and how they are assessed when advising clients.Sourcing your insurance through an adviser vs a TV commercial.The benefits of making a claim through an adviser who can go into bat for you.The benefits of coverage in superannuationThe process of making a claim.Lawyers charging large sums to make claims on behalf of clients.Some stories of claims Peter has seen over the years.When don't you need insurance?
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    • 39 min
    Why Advice #5 What is an AFSL?

    Why Advice #5 What is an AFSL?

    What is an AFSL? What is a financial advice dealer group? To offer advice on a financial product in Australia you require an AFSL. In the financial advice space, some advisers have their own AFSL, while the majority are authorised by a broader group who holds a license, often known as a financial advice dealer group. The dealer group provides various services the adviser would rather outsource and operates compliance oversight for the advisers licensed to the group.
    Daniel is joined by Andrew Wootton, General Manager of FYG Planners, a financial advice dealer group with advisers across every state in Australia.
    The pair discuss:
    What an AFSL is along with its obligations.
    The services a financial planning dealer group offers to advisers and the community.
    How the banks damaged the financial advice industry.
    How advice can become more affordable.
    The professional indemnity insurance issues in Australia.
    Security services FYG is developing to help protect clients.
    What changes the regulators should make going forward.

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    • 30 min
    Why Advice #4 What is Your Investment Philosophy?

    Why Advice #4 What is Your Investment Philosophy?

    The most important thing about an investment philosophy is that you have one - David Booth
    So what is an investment philosophy and why do you need one? Daniel is joined by Peter Mancell, the founder of Mancell Financial Group and Managing Director of AFSL FYG Planners, the pair discuss the importance of having an investment philosophy, the importance of your financial adviser having a clear investment philosophy and the importance of using an evidence based investment philosophy.
    They discuss:
    The importance of having an investment philosophy.
    What Peter sees as the three different types of investment philosophies.
    The ways advisory businesses would try to construct portfolios before switching to an evidence based philosophy.
    Why an evidence based investment philosophy is important it is for business efficiency,
    Why an evidence based investment philosophy is valuable for educating clients on what is and isn't possible.
    And finally, David Booth's art collection!

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    • 45 min
    Why Advice #3 Protecting Yourself From Fraud (Melissa Caddick)

    Why Advice #3 Protecting Yourself From Fraud (Melissa Caddick)

    How do you protect yourself from a fraudulent financial adviser? Daniel is joined by Peter Mancell, the founder of Mancell Financial Group and Managing Director of AFSL FYG Planners, the pair discuss the recent Melissa Caddick situation in Sydney and go through several simple steps investors can take to better protect themselves from an investment 'professional' who is fraudulent or not acting in their best interest.
    They discuss:
    The importance of using the financial advisers register.
    Understanding what’s possible from an investment perspective.
    An adviser being able to discuss their investment philosophy and have them explain how past returns were generated.
    Ensuring you're not duped by sales tactics.
    The importance of your money being with a third-party custodian.
    The virus like tentacles of financial loss and trauma across family units.

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    • 43 min
    Why Advice #2 Value Premium, WFH, Millennial SMSF & Financial Abuse

    Why Advice #2 Value Premium, WFH, Millennial SMSF & Financial Abuse

    Tristan and Daniel discuss the potential for the value premium to rear its head, the work from home dilemma, along with the potential to be taxed for working from home. They also touch on the new millennial SMSF by stake.
    In the main part of the program, the pair discuss gifting adult children from a psychological perspective, along with financial abuse of the elderly and ways to combat it.

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    • 43 min
    Why Advice #1 Introduction, Real Financial Advice & Peter Mancell

    Why Advice #1 Introduction, Real Financial Advice & Peter Mancell

    Daniel is joined by Tristan Dallas of Mancell Financial Group to discuss 'the why' and where we are going with this podcast. The pair give a brief overview of real financial advice, at the 23 minute mark they are joined by the founder and managing director of Mancell Financial Group, Peter Mancell.
    Peter has been at the forefront of driving financial advice standards in Australia. Mancell Financial Group were the second firm to become CEFEX certified fiduciaries in Australia and were a founding member of the Global Association of Independent Advisers.
    Peter discusses various topics ranging from delegating your affairs to a financial adviser, the benefit of accepting that markets work and what high net worth investors should know when engaging a financial adviser.


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    • 45 min

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