Market Matters to fulfil best interest duty
The transparency of a new investment information service may make it a suitable tool for financial advisers seeking to comply with FOFA’s best interest requirement, according to its founder.
Career stockbroker Shawn Hickman has launched a new investment information service, MarketMatters.com.au, aimed at self-directed investors and SMSF trustees, and sees an opportunity to work with advisers.
“We welcome interest from third-party advisers and consultants to SMSF investors and think there are opportunities to work together,” Mr Hickman told ifa.
Mr Hickman, a former derivatives, equities and futures trader at Goldman Sachs and JB Were says the research service is different from other reports in the market due to is transparency.
“I trade my own money the same way I advise my clients to trade and am prepared to be transparent as to my own portfolio’s performance,” Mr Hickman said.
Mr Hickman is also a trader currently at Shaw Stockbroking, under whose AFSL Market Matters will operate.
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