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What is a Wrap and When Do They Make Sense?

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Manage episode 483929242 series 1461805
Content provided by Paul Benson and Guidance Financial Services. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Paul Benson and Guidance Financial Services or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

This week, we're unpacking a real-world financial dilemma: one person's uneasy experience after being advised to move her super from a large industry fund into something she'd never heard of—a wrap account.

So… what exactly is a wrap? And when (if ever) should you consider one for your superannuation or investments?

Join me as I explain:

  • What wrap accounts are and how they work

  • The pros, cons, and costs compared to mainstream super funds

  • When wraps make sense—and when they don’t

  • How to spot potential conflicts of interest in financial advice

Whether you're nearing retirement or just trying to make sense of your investment options, this episode will give you the clarity to navigate wrap facilities with confidence.

Subscribe to our weekly GainingCHOICE email

General advice disclaimer

  continue reading

380 episodes

Artwork
iconShare
 
Manage episode 483929242 series 1461805
Content provided by Paul Benson and Guidance Financial Services. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Paul Benson and Guidance Financial Services or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

This week, we're unpacking a real-world financial dilemma: one person's uneasy experience after being advised to move her super from a large industry fund into something she'd never heard of—a wrap account.

So… what exactly is a wrap? And when (if ever) should you consider one for your superannuation or investments?

Join me as I explain:

  • What wrap accounts are and how they work

  • The pros, cons, and costs compared to mainstream super funds

  • When wraps make sense—and when they don’t

  • How to spot potential conflicts of interest in financial advice

Whether you're nearing retirement or just trying to make sense of your investment options, this episode will give you the clarity to navigate wrap facilities with confidence.

Subscribe to our weekly GainingCHOICE email

General advice disclaimer

  continue reading

380 episodes

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