Ethical vs. Independent Financial AdviceBY JIM STACKPOOL | FRIDAY, 7 JUL 2017 10:36AM Are you noticing more and more discussion about being an 'independent' adviser? Specifically, the Section 923a of Corporation Law definition of independent? Hats off to those ... Upgrade your subscription to access this article
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Excellent points, Jim. The current guidelines from ASIC seem to suggest that there are only two paths to follow; institutionally-aligned product "salesman" or provider of "independent" advice, as per ASIC's very narrow definition. We both know there are many more varations on the theme and a good many serve the clients' needs in a very ethical and professioal manner.
So much focus on what's independent and what isn't. This is simply a red herring which takes our focus off what's really important: such as the ASIC levy - diabolical - and other super-in-our-faces issues.
This can be compared to what Nero reportedly did while Rome burned - he fiddled.