Index tracking/ETF RAs?

Hendrix said:
Don't you wanna be a CFP? These fee's will be your bread and butter.
Click to expand...

The financial services industry is moving away from that, I'd be a consultation fee based if I ever was one. There would be no reason to charge more for a R1 million compared to a R250 000 investment unless there are some extra expenditure on my part for some reason. And CFP is just something I would get into if I were to leave my current industry.

Anyway, interest that started this thread is for myself and I don't need to pay for a CFP since I have educated myself enough (a workplace sponsored CFP told me I don't need him and know more than enough lol), so this iTransact RA is inaccessible to me. And anyway, since the works provident fund is with 10x I don't require a index tracking RA at the moment, if I ever leave their employ I will probably transfer the money into a 10x RA or similar), have a unit trust RA I contribute to and where my previous employers pension fund went into. I like a 50-50 mix of ETFs and Unit Trusts and do the same in my RAs.
 
But most people are reluctant to pay for advice upfront.
I agree it's cheaper to pay say R5k once off for advice, just most don't see it that way...
Will be interesting to see how the industry changes and adapts.

But anyways, it's a pity it can only be accessed through an advisor, there are a lot of DIY investors around who would consider this.
 
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