Inside Commercial Property #63 Financial planners got it all wrong
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Jul 31, 2025 Patrick Casey, the managing director of Rethink Wealth and a seasoned financial strategist, joins to unveil the flaws in traditional financial advice, particularly the oversight of property investment. He discusses how unregulated property advice is jeopardizing investors and explains the need for tailored, holistic wealth plans. Patrick highlights the unrealistic expectations of younger investors and the necessity for proper guidance. With insights into the evolving market dynamics and the impact of technology, he makes a compelling case for integrating real estate into financial strategies.
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Financial Planning Ignores Property
- Financial planners mostly avoid property because industry roots lie in insurance and shares, not real estate.
- Property as an asset class is underrepresented despite Australians holding more wealth in it than shares.
Use Leverage to Build Wealth
- Leverage smaller cash amounts by investing in property to build wealth.
- Without property, financial planners won't get most clients wealthy in today’s expensive market.
Check Advisor Credentials Rigorously
- Verify financial advisors’ licenses via the ASIC public register before taking advice.
- Avoid unregulated influencers who provide unlicensed and risky financial advice online.