Financial planners milk trillions of our dollars
August 21, 2014 - 12:15AM Paul Sheehan Sydney Morning Herald columnist
"The term 'financial adviser' is often a euphemism for an unqualified cowboy or a qualified bandit." More than half a million Australians may have received shoddy advice from financial planners, many of whom have little training, according to reports by Fairfax Media.
Oh come on now, Fairfax! Get serious. That is preposterous.
We know millions of Australians have been given shoddy financial advice, or paid for shoddy advice,
or been gouged by high fees, or been gouged for shoddy advice.
Trillions of dollars are now sluicing around the superannuation, real estate and financial planning sectors of Australia.
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