Join 27,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
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In this episode of the Investing for Doctors Podcast, we sit down with financial expert Roger Wheelahan to discuss the real role of financial advisors and why many people misunderstand or mistrust the financial planning industry.
We talk about why the common belief that you can “just use a brokerage account” is misleading, how the flat-fee model provides more value than traditional percentage-based fees, and the crucial difference between an advisor who sells products and builds a holistic financial blueprint tailored to your life.
We also discuss how poor advice can cost you thousands (including how Roger saved someone from a $100,000 scam), the tax traps hiding in superannuation inheritance, and the overlooked value of having a financial “family coach” who can navigate everything from property structuring to estate planning.
If you want to understand the hidden value a good advisor brings and learn how to future-proof your wealth across life stages, then make sure to listen to this episode!
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SHOW NOTES LINKS
https://au.linkedin.com/in/mian-bi
Roger Wheelahan’s Links
https://www.linkedin.com/in/roger-wheelahan-8ba53149/
https://smartstartfs.com.au/
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LISTEN TO THE PODCAST
Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN
Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608
Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast
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FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
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TIME STAMPS
00:00 - Intro
01:19 - Roger's Background
02:15 - Debunking Financial Myths and Misunderstanding
04:41 - The Ethics of Commissions in Insurance
08:59 - Hidden Incentives in the Finance Industry
12:17 - Trust, Regulation & How to Research Your Advisor
14:57 - The Value of Long-Term Advice & Education
17:14 - Why Some Advisors Recommend Moving Your Super
22:20 - Case Study: Helping a Client
26:27 - Research Your Financial Adviser
29:56 - Client's Complaint
32:43 - Tax Deductibility of Financial Advice
36:49 - Critiques of the Industry & Churning Practices
38:43 - Conclusion
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DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
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