Royal Commission: An open letterBY RYAN WATSON | WEDNESDAY, 2 MAY 2018 12:59PM As 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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MAGDELINE JACOVIDES
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FOUNDER AND FINANCIAL ADVISER
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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.