In the wake of the CBA advice scandal, boutique firm Quantum Financial Services has written to its clients reassuring them they can trust financial advisers.
“We stood before the joint parliamentary inquiry (‘Ripoll Inquiry’) pleading for financial planners to be given an explicit statutory fiduciary duty.”Mr Mackay concluded the letter by affirming his intentions to keep Quantum Financial free of any ties to “financial institutions”. “I wanted clients to know that we absolutely serve only their best interests at all times,” Mr Mackay said. “Over 20 years this decision has been vindicated time and time again.” The letter also contains a number of testimonials from media practitioners, including a quote from an editorial in ifa sister title SMSF Adviser, as well as a range of Fairfax and News Corp Australia business writers.
The move will support the business’ growth in the local market.
FPA has committed to working collaboratively with “all those successful at this election” to shape outcomes in the best interests of the advice pr...
The organisation has called for action from the new government.
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