FMA: Even Smart People Get Conned
10 Questions to Ask When Choosing a Financial Adviser

Confusion Over Sources of Financial "Advice" Blamed on Advisers

The Commission for Financial Capability appeared to link consumer confusion over where to seek for advice the lack of growth in 'non-bank' advice. But the comments clearly touched a nerve with many advisers arguing strongly that the cause for confusion was that too many people were labelled 'advisers' as Simon Hassan wrote in comments on the story. Given that proposals to revise the Financial Advisers Act include a narrowing of the category of people that may use the word 'adviser' I think it is fair to say that MBIE agrees with advisers.



Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.