The new normal for financial advisersBY DAWN THOMAS | TUESDAY, 21 JUL 2020 2:21PMDuring these unpredictable times, it's understandable that people are feeling high levels of uncertainty. All aspects of our lives - from health, work and finances to socialising ... Upgrade your subscription to access this article
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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.
Dead right, in all you say, Dawn, but the equally salient facts are that dedicated, experienced and capable advisors have been forced out of our profession by gross overkill by ASIC in both education, and present and 'look-back' compliance requirements, plus after years of hard-earned revenue building, have seen their Incomes viciously destroyed. Ironically, too, these factors now contribute to the ludicrous situation that average 'Mums and Dads' of Australia can no longer afford the fees necessarily charged by financial advisors.