Business Services Industry
Impetus grows for upfront advice fees.
Australasian Business Intelligence, February, 2006
Byline: Nick Bruining
Feb 12, 2006 (The West Australian - ABIX via COMTEX) -- An increasing number of Australian financial planning providers are moving to a fee-for- service rather than commissions-based model.
The latest is the ANZ Banking Group, and the trend is being welcomed by the Australian Securities & Investments Commission,
especially in light of revelations collapsed real estate investment group Westpoint lured investors through planners being paid an incentive of 8. In recent times, financial
services industry companies have started to advertise their management expense ratios, but the Financial Planning Association of Australia will...
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