Australia's largest stock trading and investment forum Australia's #1 stock forum

The sharks have always been out there!----if they know that you...

First 5 Last

Share
Profile

Follow
william11b

3,655 Posts.

27/04/18

13:55

Post #: 32722747
Share

Originally posted by Ponzi ↑

My thoughts are firstly that any industry canvassed for complaints from its customers would unearth a similar plethora of poor form. Only last week for instance, my wife was stitched up on a car repair bill, when the mechanic wrongly assumed she was an uniformed customer.

Secondly, the fallout from the royal commission will inspire a lift in even more bureaucratic webs of compliance, and this will in turn increase the cost of advice that will ultimately be passed on to the client in some way shape or form. This increased cost will fuel more complaints, and so on and on it goes.

In a perfect would, best interest would apply naturally, with Government involvement non existent other than to revoke licences when it is obvious this test has not been applied. Also a maximum hourly rate of fee for service should apply with all other fee formats outlawed. Product manufacturers should be divorced entirely from Financial Planners. Then finally, natural selection should apply, with recalcitrant planners executed until the gene pool quality is raised sufficiently high.

Expand

The sharks have always been out there!----if they know that you don't know--------look out!
Upvote

Reply

Top Stories

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

As Nvidia cools, we're looking to Aussie AI

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

There are more pages in this discussion • 2 more messages in this thread...

First 5 Last