Financial advice is key to achieving your investment goals. Choosing the right adviser could have a marked impact on the returns you enjoy over years of meticulous saving. A study by US financial services provider Vanguard found that advised clients earn returns of about 1.5 percentage points a year more than non-advised clients. "Good advice does cost money, but the opportunity cost of not having a good professional, independent adviser is very expensive and is rarely calculated," says Barry O'Mahoney, a financial adviser at Veritas Wealth. O'Mahoney is a certified financial planner (CFP), an internationally recognised qualification for financial planners. The Financial Planning Institute (FPI) is a professional body for financial planners in SA, and the only institution in the country to offer the CFP certification. Every year the FPI awards a professional with the accolade of Financial Planner of the Year, which the FPI says is the highest award a financial planner can achieve. O...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now