Broken advice industry shuns everyday Aussies: AFABY KARREN VERGARA, ANNABELLE DICKSON | THURSDAY, 29 JUL 2021 12:38PMThe alarming rate that financial advice is increasingly becoming unaffordable for everyday Australians further cements the position of the rich and powerful, an inquiry heard this morning. Related News |
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Sarah Shaw
GLOBAL PORTFOLIO MANAGER
4D INFRASTRUCTURE
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It wasn't confidence that prompted Sarah Shaw to walk away from established investment houses and co-found 4D Infrastructure in 2015. It was something she believes is far more important: courage.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Again, the Government is trying to fix something that now, is not broken, however, with all the new compliance issues and costs the only thing breaking is Advisers.
I can understand why the Government had do the Royal Commission into banking, this was a time during the early to mid 2000's which had little regard for the needs of clients but of the profit for shareholders. This was never the case for small Advice Business's, who have always had the needs of clients first. We are now being beaten up by the sins of our predecessors.