Investor

Statement of No Advice

by Fiona Bateman 27 January 2010

We have been amazed at the number of people who are being asked to sign a “Statement of No Advice” by their financial Advisors. Why would the advisors ask you to do that? They don’t have to take responsibility for their advice.  If they don’t want to take responsibility why would you trust them? They don’t have to disclose how [...]

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Financial Planners are hurting.

by Fiona Bateman 30 October 2009

The collapse of Timbercorp’ Great Southern has hurt Financial Planners. Asset – The Financial Planning Professional Magazine editor stated that Professional Investment Services Ltd (PIS) did not throw an end of financial year party as they have missed out on more than $15 million in advance commissions from the sale of the agribusiness managed investment schemes.

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Holiday Home into Superfund – Financial Planning Litigation

by Fiona Bateman 29 July 2009

Another instance of bad financial planning advice that we have come across recently, where the advisor gave advice without any regard to capital gains tax, stamp duties, income tax and superannuation fund regulations.

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Lessons from Timbercorp Collapse

by Fiona Bateman 9 June 2009

What we can learn from this:
Beware of tax-driven schemes – they are usually unviable investments.
If a return sounds too good to be true, then it probably is.
Do your homework.
If you don’t understand it, you shouldn’t be in it

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