January 14, 2021

(Financial Planning Association of Australia)
Research based on total sample size ~ 2,000 Australians

FINANCIAL PLANNER Vs NO FINANCIAL PLANNER BREAKDOWN

1 in 5 have engaged a Financial Planner (past or present)

• A majority of these are in their wealth accumulation phase (35-55 y/o)

• They have not been financially impacted compared to those without a financial planner

• 87% did not access (or need to access) their super early

• Half of these believe that they wouldn’t have done anything differently financially

4 in 5 financial planner have not engaged a Financial Planner

• A third think they can ‘do-it-themselves’ (DIY) with help from friends, family and online

• 20% think they don’t have enough assets or investments to engage a financial planner

• 13% are considering seeking the services of a financial planner