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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Dan Farmer has been chief investment officer of MLC Asset Management for a little over two years now, and after spending 17 years at TelstraSuper and 12 years with IOOF, it's safe to say he's in it for the long haul. Eliza Bavin writes.
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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.