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28 July 2012 (AFR) – Brokers and financial advisers earn ‘distrust’ tag: survey

[COMMENT: Is the wider view of the stock broking industry really as bad as made out in this article?]

(28 July 2012, AFR, p18, Joyce Moullakis)

‘When it comes to being distrusted, stockbrokers and financial advisers aren’t in quite the same league as used car salesmen. But they’re not far off.’

‘Distrust is among the five most cited reasons in the CoreData analysis as to why wealthy clients don’t use a stockbroker. Others include a preference for online trading, no perceived value and high fees.’

Read more at (might need AFR login access)


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