Some financial advisers only work with what are known as wholesale clients or sophisticated investors. But what does that actually mean and why does it matter?

In this episode, Nathan and Jordan explain the difference between retail and wholesale investors and why the distinction is so important when seeking financial advice. They unpack how people qualify, what protections can disappear once you are classified as a wholesale client, and why that trade off may not always be in your best interests.

They also explore why this conversation is becoming more common, the types of investments often associated with wholesale advice, and the risks that can come with pursuing opportunities outside the normal advice framework.

Most importantly, they discuss how to think about your full financial situation before giving up the consumer protections that come with retail financial advice.

Topics covered include:
• What a wholesale client or sophisticated investor is
• How the income and asset tests work
• The key protections retail clients receive
• Why some advisers only work with wholesale clients
• The risks of focusing on a single investment instead of your full financial picture
• How to decide whether this pathway is right for you

Visit www.weavinggoldpodcast.com for more episodes, blogs and to get in touch.

Nathan:

advice@nathanfradley.com.au

www.nathanfradley.com.au

Jordan:

jordan@planningsolo.com.au

www.planningsolo.com.au

The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143