The gap exists between self-help and full-blown financial advice. As legislation has increased the price of advice has correspondingly increased. Though an unintended consequence, the attempt to eliminate bad advice has created a smaller pool of advisers capable of giving the advice. And as in any market you will be charged based on the scarcity of the service you require.
An astounding statistic From the Banking Royal Commission was that 75% of the advice given to clients did not match what the clients had requested to receive advice upon. This is the classic ‘tail wagging the dog’ conundrum.
The client’s wants versus the adviser’s needs.