My partner & I are divorcees & are looking to establish our home (buy.build?) & marry during 2021.
Up until now we have kept our finances separate but are now looking to combine & achieve the best outcomes to achieve our future goals.
Who is best to talk to? I have a financial adviser who is very 'pedestrian' so he isn't the right fit. Who is the best person to speak to to give a holistic view of where we are at & where we want to get to?
Yeah, get somone who atleast owns a car.
LMAO!!
Not OzBargain if you are after legit advice.
Definitely will have lot of opinions here (often with emotions thrown in for free), as good as google search results.
I have a financial adviser who is very 'pedestrian' so he isn't the right fit.
Why do you feel that you need someone else to tell you where you should invest? All they do is shill for commission.
There is plenty of information on the internet. Make an effort and DYOR.
Ithink most people will still have a 2d view of all things financial despite however much research they do. That's probably the best way to describe it.
You may think you know all that's needed, but yiu don't know what you don't know.
A financial professional does this stuff day in day out. You pull this lever, you effect that.
Perhaps you could expand on what 'pedestrian' means? It seems to be a very pedestrian word to use.
"are looking to establish our home (buy.build?) & marry during 2021."
1) Do you already have the home? If so, pool all your money into paying it off. If not, then pool your money into a deposit.
2) Elope or have a very quiet wedding at your home or at a local restaurant/Church/park/whatever. Put the money you didn't waste on an expensive wedding into 1.
3) When you have paid off the home, get back to me.
You're welcome.
(This is not financial advice, I am not a financial professional.)
But srsly, the number 1 financial priority for most people is to get out of all private debt.
hard to find a lawyer who can advise you both.
financial advisers may ahve limited skills in the mission you seek.
you need a trustee.
but if you want a strategy try some industry fund which may have free advice.
sunsuper.
then go to hostplus and implement. - paid advice if you use them.
there are many factors
asset allocation, diversification, risk, return, safety, macro, recession, etc.
then investing and trading.
learn each as you go along.
not easy.
you will not get someone who can cover all this without paying and even then it may be excessive.
to buy a house you need to learn how to find the best home, and then a lawyer needs to help you decide how to structure your affairs.
but simply, a joint ownership if you both contribute may work.
or not, if both cannot pay equally, now or in future.
or if you split up.
too open ended and you have not put in all your factors.
all the best
Here's a couple of books I'd recommend to get you started before thinking of going to any "financial advisor".
If you aren't happy with your current financial adviser get another one who isn't so 'pedestrian'.