Financial Standard Comments - Call for realism on planner services The financial advice industry needs to establish better ways to communicate exactly what it can offer to potential clients, as the direct link between service and cost becomes more tangible. https://www.financialstandard.com.au/feed/latest?story=12366883 Thu, 29 Sep 2011 14:09:31 +1000 Thu, 29 Sep 2011 14:09:31 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by SimonM () I couldn't agree more. Investors don't place much value on investment advice, when quite rightly they know that a financial advisor doesn't have the ability to predict the future. By the same token, they are in for a rude shock when they find out the cost of providing advice in a format which complies with the regulatory regime. The concern for advisors when answering the customers broader concerns (that indeed may not include investment advice) is to ensure that they do not fall into the very broad ambit of the legislation, such that they are held liable for advice that they did not provide and did not charge for.

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]]> SimonM () Thu, 29 Sep 2011 14:09:31 +1000