Money does not grow on trees!

Over the past decade or so, Australia has seen a number of Managed Investment Schemes ("MIS") offering investors the opportunity to acquire an ‘agribusiness’ - the prime examples being schemes offered by Timbercorp, Great Southern and Palandri which all involve investments in a plantation of…

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Commonwealth Financial Planning Compensation Investigation

Commonwealth Financial Planning (CFP), is to compensate clients who received inappropriate financial advice from one of their financial planners following an ASIC Investigation. CFP will appoint an independent expert to review the implementation of the client compensation program and the…

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Statement of No Advice

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…

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Financial Planners are hurting.

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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