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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MAGDELINE JACOVIDES
FOUNDER AND FINANCIAL ADVISER
MAZI WEALTH
FOUNDER AND FINANCIAL ADVISER
MAZI WEALTH
On top of running a successful practice, Mazi Wealth founder Deline Jacovides is a fierce advocate for closing the superannuation gender gap and has built a highly popular social media presence that takes financial literacy to the next level. She tells Karren Vergara where her passion comes from and how she integrates it all with family life.
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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