ASIC industry levy to increaseBY KARREN VERGARA | FRIDAY, 23 JUL 2021 2:48PMFinancial advisers will need to fork out an extra 27% to pay the regulator's industry funding levy for the 2021 financial year. Related News |
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Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
This is already up to $3,700 per adviser since the recent exodus.
Didn't ASIC makes billions of dollars out of the royal commission against the institutions that have caused most of these problems for the current advisers still standing. Why are we still paying for the institutions that have exited the industry. With the amount of funds ASIC has received in the last couple of years they could fund the levy for the next 20 years, plus.
ASIC wonders why advisers are heading towards the exit with all the additional charges we have to absorb from additional fees from government, Licensees, education requirements, etc which are near impossible to pass onto the clients.