FASEA requirements for aged careBY ASSYAT DAVID | VOLUME 15, ISSUE 2 The Financial Adviser Standards and Ethics Authority (FASEA) standards that came into effect from 1 January 2020 are compulsory for all financial advisers who provide financial ... Get articles like this delivered to your email - Sign up for the free weekly newsletter  More Articles |
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Cover Story
FS Power50: Stay open-minded and learn from others
AMANDA RAGKOUSIS
SENIOR FINANCIAL ADVISER
VIRIDIAN ADVISORY PTY LTD
SENIOR FINANCIAL ADVISER
VIRIDIAN ADVISORY PTY LTD
This year's Power50 is a broad mix of familiar and fresh faces, all doing their bit for their clients, their community, and their colleagues, as selected by their peers. Viridian Advisory senior financial adviser Amanda Ragkousis is committed to nurturing a culture of continuous learning and growth in the financial realm.
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I afraid FASEA will be hitting the wall of pain shortly when Advisers provide every client with a scaled advice statement at the start of the first interview. Notwithstanding the left wing socialist lawyers in FASEA who want their code to over-ride the Corporations Act and replace ASIC as the regulator, the legal position will be clear for the client.
"If you wish me to provide advice these are the boundaries. If you want me to consider Aged Care then the price will be $xxxx more. What is your decision?" If you do not want me to and sign off on that I will not.
Next FASEA will be asking us to advise on the social distancing policies of clients. I think that the ASIC folk are going to be very shortly out of a job with the advice industry.