Episode 240

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Published on:

28th Jan 2026

Will getting professional financial advice pay off?

Considering seeking financial advice, but not sure what to expect? We explore the process, the costs involved and what to look for in an advisor.

On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Sarah Abood, chief executive of the Financial Advice Association Australia (FAAA), to run through some of the most frequently asked questions about financial advice.

00:00 Introduction

01:09 Benefits of financial advice

05:07 Is advice worth it for younger Australians?

12:14 How much does advice cost?

14:02 Finding the right financial adviser

19:43 What to expect from the financial advice process

25:20 Final thoughts


#friendswithmoney #tomwatson #sarahabood #financialadvice


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About the Podcast

Friends With Money
Earn. Save. Invest.
We all have questions about money; how to earn it, how to spend it, and the best ways to invest so we can watch it grow.

The Friends With Money podcast, created by Money Magazine (Australia’s longest-running and most-read personal finance magazine), shares its extensive network of finance experts, in-depth knowledge of markets and timely advice to help you understand the world of money.

Hosted by senior writer, Tom Watson, and editor-in-chief, Michelle Baltazar, Friends With Money is a weekly chat with a variety of credentialed guests that you won’t want to miss. Listening and learning will help you on the path to financial freedom.