Why you should work with a Fiduciary

Did you know that over 70% of all financial planners are licensed through the providers of financial products? The banks and fund managers call this their distribution channel, or worse, their sales force.

Following the 2018 Royal Commission into banking and financial advice, this arrangement has clearly been called out as conflicted at best.

When you choose to work with an adviser, we believe there should be a separation between the advice you receive, and any ultimate product recommendations. In other words, a firm who is your fiduciary, putting your best interests first.

Alman Partners is a privately owned and licensed specialist wealth management firm. We have built our reputation on putting our client’s best interests first. Not being licensed through the providers of financial products allows our firm the objectivity to select the most appropriate solutions available market-wide. We were also pioneers in our industry, moving towards a fee for service model which provided our clients with transparency of fees and access to wholesale investment solutions.

Holding our own Financial Services Licence, gives our firm a greater capacity to put you, our client first, effectively removing the potential conflict described above.

Since we were established in 1985 we have been leading, educating and inspiring our clients and community to make smart financial decisions, in line with what matters most to them in life.

Alman Partners is one of only a handful of Certified Fiduciary Financial Advisers in Australia.

What is a Fiduciary?

An investment fiduciary is an individual who has responsibility for the management of the assets of others and is therefore in a special position of confidence, reliance and trust. The duty of loyalty requires fiduciaries to act in the best interest of those they serve and to avoid or properly manage conflicts of interest.

Our True Wealth Philosophy

“Money can’t buy you love, but it helps in its pursuit”

In the grand scheme of things, money is important. However, no one on their deathbed really thinks about their bank balance. To be perfectly frank, we have all met more than a few very unhappy wealthy people, who have given up a piece of themselves for the mighty dollar.

Money is only significant to the extent that it allows you to enjoy what is important to you, and not worrying about your finances is critical to having a life that excites you. Financial freedom allows you to nurture those you love, and fulfil your highest aspirations. To us, that is ‘True Wealth’.

Our approach to designing a plan that excites you begins with understanding what is important to you about money. This one question starts a journey which explores your values around money, because at Alman Partners we think it is vital you understand why you are building wealth.

I got into a taxi, and the driver asked, where I wanted to go? I replied, ‘I don’t know!’

Not having clearly defined goals around your finances is just like the taxi trip. You could end up anywhere or nowhere.

The team at Alman Partners will help you realise what’s important to you, and then align your financial choices with the great life you want. This foundation gives you the inspiration to commit to achieving your most important goals.

Watch this video as Paul Shepherd demonstrates the power of identifying your deeply held values around money, then exploring how to get clarity around your most important goals.