Giving hostages to fortune: Licensees, advisers and the ties that bind themBY SEAN GRAHAM | TUESDAY, 12 JUN 2018 2:52PMThe end of vertically integrated businesses "The reports of my death are greatly exaggerated" - Mark Twain. Those of us who recently sat, transfixed and unblinking, captivated ... Upgrade your subscription to access this article
Join the growing community of financial advisers
with unlimited access to our latest news, research and analysis of the industry.
Become a premium subscriber today. |
Latest News
Adviser fakes exam certificate, cops ASIC ban
ASIC has slapped a permanent ban on a financial adviser who doctored her exam certificate and continued to provide advice without the proper qualifications.
Sequoia chief's job at stake in upcoming EGM
Sequoia Financial Group will hold an Extraordinary General Meeting (EGM) in June that will consider a resolution to remove chief executive and managing director Garry Crole.
Goldman Sachs ditches robo-adviser Marcus Invest
The investment bank is offloading Marcus Invest to Betterment just three years after announcing it will launch the digital adviser.
Fortnum, PFS launch parent company
Fortnum Private Wealth and its newly acquired advice business Professional Financial Services (PFS) will operate under a newly launched parent company brand, Entireti.
Cover Story
Passing the baton
LIAM ROCHE
ADVICE ASSOCIATE
EUREKA WHITTAKER MACNAUGHT PTY LTD
ADVICE ASSOCIATE
EUREKA WHITTAKER MACNAUGHT PTY LTD
Liam Roche's experience in customer relationships and paraplanning has set him up for success as a financial adviser. Now undertaking the Professional Year, the advice associate at Eureka Whittaker Macnaught tells Karren Vergara how a new breed of advisers is flying the flag.
Well said - except that in the future world of better perfomance by advicers and licencees - mistakes, negligence and ilegal activity will still happen, as it does in all walks of life. I think that the customer is better served by engaging with a licensee that has the incentive to stay in business and has deep pockets to fix the bad stuff. Even if malfeasance occurs less than before, it only takes one mistake to cause a a large loss to the client - perhaps too large for a small licensee to rectify.