Skip to main content
#
A Clear Direction
rss feedour twitterour facebook page linkdin
home
Financial Advisor Brisbane - AdviserScott Keefer - A Clear DirectionBuilding Investment PortfoliosPortfolio Management ServiceUpdated ContentContact Us - Brisbane Financial Planning
A Clear Direction Financial Planning logo

 Financial Happenings Blog 
Wednesday, December 09 2009

Scott Francis has recently published an article in the Eureka Report looking at the issue of who actually stands behind a financial adviser and the impact of this relationship on the independence of the advice that is being given.

The article focuses on a report from Roy Morgan Research.  A key finding of the report was that:

"more than 70% of superannuation recommendations by financial planners within the big six firms (AMP, ANZ, AXA, CBA, NAB and Westpac) went to fund managers "related" to the licensing of the financial planner."

Scott concludes with the following comment - The "structural corruption" of the financial services industry runs deeper than just commissions. There remains an issue for consumers in understanding the level of independence around advice that they are given.

Please click on the following link to be taken to the article -
Who's behind your financial adviser?

Posted by: AT 03:20 am   |  Permalink   |  Email
 
Scott Francis' articles in the Eureka Report 
Request for Information 
If you have questions, or would like more information, please go to our Contact page and leave your name and contact information.

Plan Well, Invest Well, Live Well! Financial advice providing a clear direction

A Clear Direction Financial Planning and Portfolio Management ABN 85 147 572 870

Level 19
10 Eagle Street
Brisbane QLD Australia
Ph: (07) 3303 0269
Email: scottk@acleardirection.com.au

Authorised Representative (398444) and Credit Representative (403292) of FYG Planners Pty Ltd AFSL/ACL 224 543.

ASIC - Financial Advisers Register

All content of this website is copyright © A Clear Direction Financial Planning Pty Ltd, 2017

FYG Planners Pty Ltd & A Clear Direction Financial Planning Privacy Policy