
A Queensland-based boutique adviser has been given a ‘platinum’ rating on the Adviser Ratings website, with a customer rating of 94 per cent across 16 reviews.
More broadly, Mr Salkow described being an adviser as the “greatest job in the world” in that he gets to “help his clients make smart choices with their money”.
Speaking to ifa, Adviser Ratings founder Angus Woods said that independence has not been specifically factored into the in-built ratings system, at least “initially”.
“Our analysis suggests that independence and product separation did not play a role in the inherent bad advice that was dispensed pre-GFC,” Mr Woods said.
“We are also grappling with the term independence - depending on how you define independence (aligned v non-aligned, product manufacturing, life insurance commissions, licensee affiliation, etc).
“However, in saying that, we do realise the importance of this distinction for both the industry and consumers, and we will be addressing this issue in coming months.”
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