Royal Commission: An open letterBY RYAN WATSON | WEDNESDAY, 2 MAY 2018 12:59PMAs you have probably heard, a banking Royal Commission is being held to investigate the financial advice industry after the big four banks and AMP were accused of malpractice. Upgrade your subscription to access this article
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Cover Story
Passing the baton
LIAM ROCHE
ADVICE ASSOCIATE
EUREKA WHITTAKER MACNAUGHT PTY LTD
ADVICE ASSOCIATE
EUREKA WHITTAKER MACNAUGHT PTY LTD
Liam Roche's experience in customer relationships and paraplanning has set him up for success as a financial adviser. Now undertaking the Professional Year, the advice associate at Eureka Whittaker Macnaught tells Karren Vergara how a new breed of advisers is flying the flag.
Well-intentioned, Ryan, and with positive objectives in place - I particularly like your four Ls. Quite innovative.
That said, your point about all Tribeca advisers being degree-qualified is fine from an education standpoint. However, it doesn't automatically follow that all such holders will be more empathetic or more ethical in their dealings. Remember, the Royal Commission is currently scrutinising large organisations which are almost certainly staffed by degree-qualified individuals too.
Finally, having the qualifications to provide the most appropriate advice doesn't stem just from a university degree. For instance, many life-risk insurance specialists haven't and still don't need a degree to deliver the most fitting advice. It's 'horses for courses'; therefore the qualifications should suit the need.
What a self indulgent little promotion of yourself assuming that you are some isolated outpost in the industry.