I strongly believe in the following seven financial planning principles

1. The value and importance of people obtaining quality professional financial advice

2. Financial advice should be paid for on a fee basis and not via product based commission which may bias the advice

3. The fees and other costs associated with investments should be kept as low as possible to boost client returns

4. Index investing will most likely outperform active managers after fees and tax

5. It is better to invest in diversified managed funds than try and pick individual stocks and shares

6. Level insurance premiums are preferable to stepped premiums that increase each year if clients can afford the initial higher costs

7. Ongoing advice is important to ensure a financial plan remains on track as a person’s goals, income and family needs evolve