Financial Standard Comments - Trapnell rejects 'no way out' stance by licencees You can check-in any time you like, but you can never leave: Synchron director Don Trapnell has used the immortal lines from the classic 1970s Hotel California hit to reaffirm his rejection of licensee heavy-handedness dealing with advisers who want out. https://www.financialstandard.com.au/feed/latest?story=25044152 Fri, 25 Jan 2013 13:20:17 +1100 Fri, 25 Jan 2013 13:20:17 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Ben Benson (Ben FP) Anyone who compares the provision of financial advice to Australians to a holiday in a hotel doesn't understand why advisers exist in the first place.

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]]> Ben Benson (Ben FP) Fri, 25 Jan 2013 13:20:17 +1100 Comment by Perth Planner (Avant Financial) It would be nice to know the names of the licensees which operate in this way.

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]]> Perth Planner (Avant Financial) Fri, 25 Jan 2013 13:50:02 +1100 Comment by Brian Howard (Gainsborough Financial Group) Yes indeed, I second that! Name and shame, I say! Seriously though, it really would be quite valuable to have some sort of register(?) or some way of knowing which are the unreasonable (dangerous!) dealers to avoid. It is too late to find out AFTER you've joined one of these bloodsuckers. Please consider naming them if you know who they are! there is no excuse whatsoever for that low level of behaviour from a 'dealer'.

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]]> Brian Howard (Gainsborough Financial Group) Sat, 26 Jan 2013 00:53:28 +1100 Comment by Simon M (E30R) Or dealer groups that don't do bulk transfers of trailing commissions on exit. This amounts to a considerable 'exit fee' as the departing advisor must obtain a 'change of advisor' form for all clients they wish to retain.

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]]> Simon M (E30R) Tue, 29 Jan 2013 11:09:45 +1100