Onus on consumers to ask about commissions: SinodinosBY JAMES FERNYHOUGH | WEDNESDAY, 12 MAR 2014 12:45PMConsumers must take responsibility for finding out whether their financial adviser has a conflict of interest, according to Assistant Treasurer Arthur Sinodinos. Related News |
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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.
The industry is doing itself great harm if it follows Sinodinos down this cynical path.
There's a bit of gratuitous advice for the FA professionals in the industry because the 6 week trained, ex used car salespeople will do well for a year or two, they will then be driven out leaving it all in a shattered mess. Good luck.
Great to see the Honourable Member has removed the cause of the Financial Industry's involuntary shock under the previous govt legislation. Buyer beware is a tried and tested truism that can be relied on as a guaranteed source of income. Combine that with self regulation and weak enforcement by regulators and it's business as usual.