Planners' way to go.

The author expresses his views on financial planning. He admits sniping at financial planning for more than five years, but not at financial planners because he believes the problem is the system. In terms of methods of payment to financial planners, he is convinced that hourly rates are preferable but a percentage-based fee for service is better than a commission. He lauds Tim and Claire Mackay of Chatswood in Sydney for transforming the financial planning industry.