Former NAB Wealth executives Steve Tucker and Paul Heath have launched a non-aligned financial advice company they say will offer commission-free independent advice.
The company will charge transparent fees with no commissions, Mr Tucker said, and will only service private clients.Mr Heath said a key advantage of Koda is that it is not “aligned with or owned by a financial institution”.Mr Tucker is also a non-executive director of listed investment company Westoz.
The corporate regulator addressed concerns with the new regime.
The digital solution has launched.
The digital platform for financial advisers and accountants has confirmed the new appointment.
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