Banks suspected of pocketing grandfathered commissionsBY JAMES FERNYHOUGH | TUESDAY, 24 JUN 2014 12:25PMBanks could be pocketing grandfathered commissions rather than passing them on to financial advisers, Industry Super Australia (ISA) has warned. Related News |
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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Some years ago, at a marketing promotion of CBA, I put the question about the benefit of investing directly with CBA rather than using a planner -- it was made very clear that the same commission and 'trail' would be taken by CBA "to protect their relationships with planners'.