The rise and fall of multiple advice regulatorsBY PHIL ANDERSON | FRIDAY, 11 DEC 2020 11:20AM What does the Government's announcement this week, to create a single, central disciplinary body for financial advisers mean for advisers? It should mean the beginning of the ... Upgrade your subscription to access this article
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Cover Story
Advice with soul
SACHA BURCHGART
FOUNDER & MANAGING DIRECTOR
BURCHEART PTY LTD
FOUNDER & MANAGING DIRECTOR
BURCHEART PTY LTD
Though she initially tried, Sacha Burchgart couldn't escape the call of a career in financial advice; it just took staring down her own mortality to see what's possible when you do things differently. Jamie Williamson writes.
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Can't believe its taken this long for some common sense to prevail!
It's vital to bring a clear sense of commercial reality and responsibility to the financial planning sector. Limited scoped advice should be the norm. Current structure is imposing onerous duplication, and in reality, only the wealthy can afford advice. Draconian penalties are driving a knowledge drain on the industry and those who need advice as least as much of the wealthy as prohibited by price. This ultimately extends the gap between the wealthy and others.
Too many agendas and too many people on the Industry payroll ultimately the client pays, and the Adviser is forced to increase their fees to pay for all the regulatory bodies the Industry has created