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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Shail Singh
LEAD OMBUDSMAN INVESTMENTS AND ADVICE
AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY
AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY
To be successful as Australian Financial Complaints Authority's (AFCA) lead ombudsman for investments and advice, one requires empathy, impartiality, and rationality. Shail Singh shares how he also uses legal and financial advice expertise to help consumers, small businesses, and member firms. Karren Vergara 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.