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Tuesday
May242011

Future of Financial Advice Legislation

4th of May 2011
 
Last week The Assistant Treasurer and Minister for Financial Services and Superannuation, the honourable Bill Shorten MP released an information pack on the Future of Financial Advice legislation. In his foreward, The Minister states “there is little doubt that those who access quality financial advice are better off than those who do not”. These reforms aim to ensure that Australians receive advice that is in their best interests, removing potential conflicts as a result of incentives or commissions offered to an adviser. 
 
Unified Financial Services Pty Ltd is at the forefront of changes in our industry. We support the professionalism of our industry and I am personally actively involved, being a member of the Financial Planning Associations Transition to Fees Taskforce.
 
Our main product and focus has always been to provide good sound advice, within the context of current legislation and your personal circumstances. The placing of investments is only one aspect of our service. We were one of the first (since 1989), and still one of the leaders in operating on a transparent fee-for-service basis. We do not rely on generating our income from promoting investment products.
 
We look forward to the developments in our industry and will continue to be a part of shaping its future.