Advice should be confronting: William Buck

Financial advice should be confronting if it is to be sound and effective and in the client’s best interests, according to William Buck Wealth Advisers (NSW).

Speaking to ifa, William Buck's director, wealth advisory, Fausto Pastro said that advice from the right adviser can be very confronting if it is to serve its purpose and hold clients accountable.

“A good adviser will learn to have difficult conversations with a client, rather than simply proffering advice,” Mr Pastro said, adding that the role of a financial adviser is to make a difference to the lives of their clients.

“Our role is not just to earn a dollar, our role is not just to pass the day,” he said.

“Our role is to make a difference.”

Mr Pastro believes the notion of putting the client first is an ethical perspective borne out of the professional services.

“Professionals understand that their priorities are first of all the public; secondly the client; and thirdly ourselves,” he said.

“I learned that in my ethics course when I was studying to be a CA a long time ago, and that has never changed.”

William Buck is an accounting and advisory company with six financial advisers and its own AFSL.

The company has been operating in the Sydney and NSW marketplace for over 20 years.

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