Q.

I am 34, don’t have current super and am unemployed. I recently inherited a stock portfolio from my mother and am concerned about an obvious conflict of interest if I use my mother’s financial advisor/stockbroker. I want to invest outside the Australian Stock Exchange and I know I won’t receive good advice as previous enquiries have been passed over. Her financial advisor would receive 0.33% of anything I put in the super wrap that he proposes to start, which charges 0.77% and he takes 0.4% of the total invested, which is a few million. What should I do?

Your best course of action would be to seek opinions from other advisers. The ASX website has a search facility to help people locate a broker who is appropriate for their circumstances.