Advice associations slammedBY JAMIE WILLIAMSON | THURSDAY, 3 OCT 2019 12:36PMAn industry group has lashed out at the Association of Financial Advisers and the Financial Planning Association of Australia, labelling them conflicted and driven by self-interest. Related News |
Editor's Choice
Perennial Partners takes over Australian Unity fund
Perennial Partners has agreed with Australian Unity Funds Management Limited (AUFM) to take over the investment management of the latter's Future of Healthcare Fund.
Platinum's FUM dips below $14bn
Platinum Investment Management's funds under management took a $1.65 billion hit to end up at $13.5 billion at the end of April.
AMP launches alternative debt fund
AMP said the new fund will provide bespoke access to global private debt investments but will only be available to some.
REI Super updates Conservative option
REI Super is rejigging its Conservative investment option and will change the name to "Growth Plus".
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
Good on you, PK, for calling these guys out. Here's an idea; let's turn up late to the game and berate those who were playing before you arrived!
What vested interest do the AFA & FPA have? They only exist to represent the interests of their members. They have no other purpose. They are no less happy with where the industry finds itself than the rest of us, and say so on a regular basis.
The only thing to come from sniping at them in the press is to play into the hands of the Government, who then say, "See, these guys can't even get on the same page, so we need to prescribe terms to them". Mind you, you would expect nothing more from a "breakaway" group that fails to see the irony in calling themselves "United".