Finance & Fury Podcast

Welcome to Say What Wednesday This week we’re going to answer some of the burning questions that have been on a lot of peoples’ minds around the banking royal commission…and rather than repeat everything you’ve been hearing in the media, we’re going to approach this from a different angle. In fact, beyond doing this podcast and teaching personal finance courses, I am one of these financial advisers all painted with the same stroke by ABC and other media outlets. Banking Royal Commission A formal public inquiry into misconduct in the Banking, Superannuation and Financial Services Industry, established on 14 December 2017 - it’s all anyone can talk about! Three facets Broking Financial Services Small and Medium enterprises What are the allegations? Fees for no service Investment platform fees – lack of transparency (fees hiding in products) Inappropriate advice – advice not in the clients’ best interest Improper conduct by advisers – Sam Henderson and improper conduct What is involved with advice? Under