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 HUGH ROBERTSON PRINCIPAL ADVISER CENTAUR FINANCIAL SERVICES PTY LTD Centaur Financial Services principal adviser Hugh Robertson doesn't need shortcuts. His business is built on a philosophy of sticking to the fundamentals and staying the course. Even with all the curve balls 2020 has to throw, he's confident the tried and true will prevail. Elizabeth McArthur writes. |
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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.