Met with my financial adviser on Tuesday and he tells me my superannuation increased by 7.2% over the past 12 months. I’m a little concerned as I thought the market had performed better than that .... is 7.2% at the lower end?

Hi Ben,

I've had some clients achieve a 20% return in the last 12 months and others down as low as 8-9%. It really depends on the client, how much risk they've taken etc.

Having said that, 7.2% is either a very defensive portfolio, or very high fees (or some other problem). If you want a confidential, free, second opinion, please shoot me an email (glenn@precisionwm.com.au)

Cheers

Glenn

put it back on your planner Ben. ask him why your fund performance is so shitty when every man and his dog is getting double digit returns.
maybe its after you have pulled out pension payments and lump sums.
maybe all these other funds are not really reporting returns on the same basis as yours (eg 20% return might be GROSS return before all the fees charges tax and whatnot)

the big thing is to be sure that your planner is working as hard as he can for YOU! and make sure you are comparing apples with apples when looking at returns advertised by other funds

Your current planner should be HIGHLY motivated to ensure that you stay his client. If he doesnt seem that excited to provide you answers then shop your business around, but be careful of big statements regarding huge investment returns......
good luck
Brendan