Financial Standard Comments - No middle ground post-FoFA Will FoFA be the death-knell for mid-size financial services companies? Industry experts predict that some segments could lose out come July. https://www.financialstandard.com.au/feed/latest?story=31544624 Mon, 13 May 2013 15:22:54 +1000 Mon, 13 May 2013 15:22:54 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Rob Ferguson (FBWealth Management)

Does Michael mean that bigger groups will be able to lower fees by hiding extra fees in the platform costs?

Just not sure how a larger group can help you lower your fees?

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]]> Rob Ferguson (FBWealth Management) Mon, 13 May 2013 15:22:54 +1000 Comment by Michael Walsh (UCA Funds)

The disappearing middle ground has been a constant (and flawed) prediction since I joined the industry in 1987.

Looks to me that the advisory industry is forming into an oligopoly and that the toughest gig will be for the very small shops due to the cost of compliance and marketing. The middle raked orgs will just have to focus on a specialisation.

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]]> Michael Walsh (UCA Funds) Tue, 14 May 2013 09:34:08 +1000