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financial advisor

This tag is associated with 3 posts

16 Aug 2014 (AFR) – Macquarie begins compensation task

(16 August 2014, AFR, p5, Georgia Wilkins) ‘Macquarie Group will begin contacting current and former clients of its wealth division about possible compensation for bad financial advice, the corporate regulator says. It comes more than 18¬†months after the group entered an enforceable undertaking with the regulator, de¬≠signed to identify poor compliance. The remediation process will … Continue reading

Jun 2014 (CNBC) – Confessions of a financial advisor

[COMMENT: This is a great read, for those who are a little in the dark about the financial advice industry. Now this material originated in the US where the laws may be a little different to other countries (like Australia); but the warnings still apply. It pays to make no assumptions about the financial advice … Continue reading

30 Sept 2013 (TheAge) – No joy for investors with Drake mansion sale

[COMMENT: Have you ever wondered how common it might be that trusted organisations fiddle the books and embezzle funds? And have you wondered how much money can be recovered? And how much can property devalue during times of economic stress in the general economy?…] (30 Sept 2013, The Age, BusinessDay, p23, Michael West) ‘During the … Continue reading