Financial Standard Comments - ASIC freezes assets Shield, First Guardian marketer ASIC has frozen the assets of Rashid Alshakshir, who facilitated leads to the Shield Master Fund and First Guardian Master Fund, as it investigates his links with property fund manager and developer Paul Chiodo. https://www.financialstandard.com.au/feed/latest?story=179807918 Wed, 19 Mar 2025 14:13:24 +1100 Wed, 19 Mar 2025 14:13:24 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Michael Gershkov (Lifespan Financial Planning)

For a fund to be on a platform, it needs to have research to support it and adviser demand to warrant it being added. Who gave these funds research when the money was not being invested and how did the research provider not know this. Given these products were sold through a call center model and through only a few select and greedy advisers getting kickbacks, why did platforms add them?

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]]> Michael Gershkov (Lifespan Financial Planning) Wed, 19 Mar 2025 14:13:24 +1100