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It’s worth asking who’s paying your financial advisor

20 Aug 05:40am

Filed under: Financial Services, Superannuation

Financial planners will no doubt tell you the world has just ended. The government’s corporate regulator, the Australian Securities and Investment Commission (ASIC), this week revealed proposals to ban all commissions, volume bonuses, kickbacks and percentage-based fees paid to financial advisers.

Deciding where to put your money can be very difficult.

But while the industry launches into a noisy whinge, consumers are likely to see things differently.

For years consumers have been struggling to figure out if financial advisers are really working for us or whether advisers are simply pushing financial products to serve their own financial interests.

Continue reading "It’s worth asking who’s paying your financial advisor" »

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jason b says:

11:29am | 16/04/10

I’ve been in the financial services game for a long time, where i learnt the ropes at http://pinnacle.edu.au/ where you can become financial adviser just as i am. In that time after my finance course I felt compromised when I worked for the banks or the insurance companies and was… Read more »
B says:

12:26pm | 20/08/09

Tony, the value when you go and see an adviser is in the strategy, not the product. When you go and see a doctor and they tell you what type of medicine to take, do you question the brand they use? You know the pharmaceutical reps are trying to flog… Read more »

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