Last night on ABC News - The Business Damien comments on the recent events in the Banking and Financial Planning Industry.
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Financial planning has long had two major problems, and the intersection of the two problems is where the action is. The Royal Commission into banks is merely uncovering what most people in the industry have known for a long time.
Yesterday's Royal Commission had all the elements for some great headlines: a celebrity taken down, a $500,000 stuff up, impersonating clients and fake degrees.
A gripping day in the ongoing Royal Commission on Tuesday that saw the focus on poor advice shift from the major banks (and of course AMP) to a smaller, ‘independent’ player in the space named Sam Henderson.
Nucleus Wealth is happy to announce that we now can offer clients the ability to exclude all Australian shares from our Tactically managed portfolio's.
There are so many issues coming out of the Royal Commission into banking that its hard to maintain the outrage. Here is yet another one that might have slipped through in the torrent of mis-deeds:
The collective offices of financial planners around the continent are no doubt quiet this week as the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services call up the big boys of the advice world for hearty "please explain?"
David Harrington from IAG channels Upton Sinclair: "It is difficult to get a man to understand something, when his salary depends upon his not understanding it".
