What Side of The Table Is Your Advisor On? | Ep. 33

In this episode, Dean Blair and Ed discuss who's best interests your advisor really has in mind. Traditionally, investment companies attract customers based on free advice. Advisors would then earn their income from receiving a commission if their clients purchased a specific product. 

Dean explains why this has meant that even well-meaning advisors will be seated on the opposite side of the table to the client, representing the best interests of their company and products. 

The alternative is fee-for-service advice, where customers pay a fee to their advisor, thus freeing advisors from needing to recommend a specific product. This is what we mean by sitting on the same side of the table as your advisor. 

To learn more about property investment in New Zealand, head to the Opes Partners website.