I don't know why anybody would risk this stock at above a PE of 8 or so. Who knows if their business model can have attractive economics under the new post royal commission rules? It is tails I win, heads you lose now, but in favour of the customer rather than the adviser or financial planner as it was previously.
Also what do you say to an annual invoice for $3,600, if you have received no service at all for the year? Seems like a lot of money to me! You say - no way am I signing and returning that, or you just hold onto it and suck your thumb. There is a high proportion of financial planners that are nowhere good enough to be able to charge a fee. Quite a few of the ones I know are so clueless it is not funny, but greedy AF! They will soon find out how much many clients value their services. https://www.superguide.com.au/retirement-planning/financial-advice-cost
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