FYG Planners isn’t owned by any institution, bank or insurance company. FYG Planners serves to negotiate with Platform providers and government to ensure the interest of its member and their clients are protected and that costs are minimised. It is a group of like-minded advisers who started FYG Planners and adopted the “Client First” approach to their advice before it became a legal requirement.
FYG Planners was built by advisers for advisers. We help advisors put their clients’ interests first and build better and more successful financial advice businesses.
Clients Come First
Remain free from conflicts when serving clients: Our partnering advisers operate on a fee for service basis and adopt open and transparent commercial terms developed by the client and adviser together. FYG advisers and their clients work as a team to ensure clients fulfil their goals.
If financial advice is truly to be in the interest of the client, financial conflicts need to be removed. FYG Planners are Fee for Service Advisory firms.
FYG directors are passionate about financial advisers putting their clients’ interests first and we know that there are many advisers across Australia who share this same core value. FYG Directors are completely committed to the view that clients should be able to deal with advisers who are completely free from product related conflicts of interest.
We believe that all buyers of financial service and financial advice should be able to seek advice from highly competent professional advisers who are not influenced by product providers. Our firms see their relationship with their clients as a professional relationship, not a sales relationship.
Conflicts cannot be accepted.
When working for clients, an FYG adviser’s first step is matching the client’s financial and lifestyle needs with an appropriate strategic portfolio asset allocation.
In our view, this is the most important step in portfolio construction because the client’s strategic asset allocation will determine most, if not all, of their future investment experience. And over the years we have learned investor discipline is essential in the long term. Every investor should develop a sound investment strategy based on their most appropriate asset allocation and stick to it.
Many an investor has been ruined by exiting a well structured investment strategy, at just the wrong time, in search of some popular sector or the next hot stock, only to have their pocket teach them a very harsh lesson – often learned painfully over the years that follow. Keeping clients disciplined is a huge issue that we take very seriously. Maintaining discipline helps us to ensure that our clients enjoy a successful long term investment experience.