FPA calls for levy overhaulBY ANNABELLE DICKSON | WEDNESDAY, 3 FEB 2021 12:13PMThe Financial Planning Association of Australia (FPA) has recommended a review of the financial advice industry levy ahead of this year's federal budget. 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.
I was notified by my licensee that the ASIC Levy for the group's advisers is $2426 for this year. This is a ridiculous amount! As a single practitioner of a small practice, this is a huge contribution which will lead to an increase in client fees. It is an insult that James Shipton and the team at ASIC receive large salaries that we have to fund or part-fund. Further, he flaunts the regulations and will probably go unpunished.