Tom decided that he wanted to take over more control of his investments, and that decision has been one of the best financial moves he's made. Except...
He's found that he's paying commissions even when he doesn't receive service, and it takes a year to recoup any commissions for things like:
Managed Investment funds
Cash Management Funds
Superannuation or Pension funds
Tom took over his investment decisions because he wanted control and to lower fees and will pay a fee for when he needs a service, but it seems that he's still paying more than he should and not getting any service on his investments in the way he expects.
But Tom just found MyMoney, and finally he feels like he's got his financial ducks in a row.
MyMoney doesn't provide ongoing financial advice, service and recommendations like a financial planner. They're simply a financial intermediary that allows Tom to recover his trail and renewal commissions much quicker, ensuring that any future contributions he makes to his investments are working for him.
Here's how it works:
Tom nominates MyMoney as his intermediary on his existing investments. MyMoney collects the commissions on Tom's products and refunds them directly to his bank account on a monthly basis. Tom gets 24/7 access to monitoring his accounts, retains complete control over them, and receives a monthly statement showing all commission transactions on his investments.
MyMoney has a low monthly fee, so Tom knows he's getting the most for his money.
Stop spending more than you should on your financial investments and take a cue from Tom. MyMoney keeps you in control while maximizing your returns and paying you back on a monthly basis instead of yearly.