SMSFs' use of advisers plummets: ResearchBY ANDREW MCKEAN | WEDNESDAY, 22 MAY 2024 12:50PMThe number of self-managed super funds (SMSFs) using advisers has reached a new low, with the proportion of SMSFs using advisers falling to 23% from 27% in the past 12 months, according to a Vanguard/Investment Trends report. Related News |
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John Burke
GLOBAL CHIEF EXECUTIVE OFFICER
BENNELONG FUNDS MANAGEMENT LTD
BENNELONG FUNDS MANAGEMENT LTD
Bennelong Funds Management is like a mainline into the jugular of Australia's financial advice sector, with more than 6500 advisers channelling capital to its funds. But its global chief executive John Burke says the job's not done yet. Andrew McKean writes.
Why would you pay to see a licensed financial planner with the associated costs when unlicensed accountants are providing the same advice illegally with no action being taken by ASIC against them for a lower cost? The system is broken and that is due to the people overseeing the system.