Financial advisers were up in arms a few months ago, at the introduction of a new 'lite' version of financial adviser being introduced to the market.

These 'Qualified Advisers' wouldn't have the obligations of fully fledged advisers, and clients would be vulnerable to the same harms we've all spent years trying to eliminate. 

Yet - there's already another tier of 'adviser' in the market who have it relatively easy, compared to the onerous burdens on us Relevant Providers. 

Which is why in this week's episode, Nathan and Jordan explore, dance around and prod the controversial topic of Wholesale Financial Advice. 

What it is. 

How it can work well.

When it makes total sense.

Why it's such a big risk to the uninformed consumer. 

And the vast gulf between the dictionary definition of 'sophisticated' and the Corps Act version. 

 

Nathan:

[email protected]

www.nathanfradley.com.au

Jordan:

[email protected]

www.planningsolo.com.au

LinkedIn: 

Challenge the Standard in Financial Advice (Podcast): Overview | LinkedIn

The information contained in this podcast is general in nature and does not take into account your personal situation.

You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.