Editor's Choice
Former super fund adviser receives permanent ban
|A financial adviser, who worked at several major superannuation funds, has been permanently banned after he tried to persuade clients to transfer their retirement savings into a bank account he controlled.
Advisers should leverage US tech blueprint: SIAA panel
|While the US is at the forefront of financial advisers leveraging the best technology available, Australia's advice industry cannot be left behind and should learn from the blueprint it has laid out, investment experts told the Stockbrokers and Investment Advisers Association (SIAA) Conference this ...
Australian Food Super closes failed investment option
|Australian Food Super, previously known as the Australian Meat Industry Superannuation Trust, is closing its Shares product, which failed last year's Your Future, Your Super test.
Pacific Current sells stake in investment firm to Goldman Sachs
|Pacific Current Group has sold a portion of its interest in a US-based investment firm for US$35.2 million.
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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.
At stake is really the sabotaging of the excellent work of Real Financial Advisers who always have the interests of clients at heart (otherwise they will walk away) versus the interests of those Unionists and ex Labor Politicians (more than 300 of them) who get income as Trustees/Directors of Industry Funds. Industry Funds give NO ADVICE, do not check clients' Risk Profiles, hold franking credits for general admin expenses rather than directing them to the clients who took a risk earning the credits, take on risky investments by way of direct property and alternatives, provide poor returns compared with those which we give our clients, and (eg MTAA) misclassify asset allocations as "balanced". Industry Funds ARE NOT IN THE BEST INTERESTS OF INVESTORS. FOFA needs to be abandoned altogether! Industry funds need to be shut down! Keep lobbying COMRADES, I mean, COLLEAGUES!
well said