💡 Advice Fees - What you need to know
Your professional fee isn't just a cost; it's an investment in your financial future. It reflects the value of personalised advice, strategic planning, and ongoing support, helping you achieve your goals with confidence.
At Finspire Advisers, we're committed to providing clear, tailored financial advice that supports your aspirations and gives you confidence in your decisions. A key part of that commitment is ensuring you fully understand how our fees work, what they cover, and your payment options.
📘 What Does Our Fee Cover?
When you engage Finspire Advisers, you pay a single professional fee that covers a 12 month engagement. This includes:
A personalised financial plan based on your current goals, objectives and circumstances
A formal Statement of Advice (SoA) or Record of Advice (ROA)
Implementation of agreed strategies
Ongoing support and review throughout the year
We do not receive commissions from product providers or third party payments. Our advice is always in your best interest, and our fee reflects the value of our independent, client-focused service. We are only paid by our clients.
💬 Important Note: Our advice fee is based on your situation at the time of engagement. If your circumstances change significantly within the 12 month engagement (e.g., new job, inheritance, marriage), we’ll discuss whether a new engagement and fee is needed.
💳 How Can I Pay for Financial Advice?
You have two main options:
1. From My Super Fund
If the advice relates directly to your superannuation or retirement, the fee may be deducted from your super account.
✅ Pros:
Doesn’t affect your day-to-day cash flow
Convenient and automated
🚫 Cons:
Generally not tax-deductible to you personally
Example: Advice on consolidating super accounts or selecting investment options within your fund.
2. From My Bank Account or Investments
If the advice is unrelated to super, you’ll pay directly from your personal account or investment portfolio.
✅ Pros:
Some fees may be tax-deductible
Example: Advice on structuring your investments to reduce tax and grow wealth.
🧾 Are Financial Advice Fees Tax-Deductible?
Some are—some aren’t. Here’s a quick breakdown:
✅ May Be Tax-Deductible
Investment advice (e.g., rebalancing your portfolio-but not super)
Income protection insurance advice
Tax planning (e.g., managing capital gains)
❌ Not Tax-Deductible
Initial advice to set up a financial plan and non-super investment
Budgeting or lifestyle planning
Life or TPD insurance advice
Fees paid from your super fund
💡 Tip: If your advice covers both deductible and non-deductible areas, we can help split the invoice to reflect that.
📌 Quick Tips for Managing Your Fees
Speak with your accountant to confirm what you can claim
Keep your invoices and fee breakdowns for tax time
Ask us to split fees if needed
🤝 Our Commitment to You
We begin by understanding your financial position, lifestyle goals, and what’s most important to you. From there, we explore strategies, assess your current financial products, and provide clear recommendations. Once you’re comfortable, we help implement your plan and provide ongoing support throughout the year.
You can refer to our Financial Services Guide for more information