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FASEA regulatory body
FASEA lacks IFA voices, say critics
Larissa Waterson, Aleks Vickovic
External publication
30 May 2017
Chris Morcom, Hewison Private Wealth’s Director & Private Client Adviser, contributes his somewhat contentious viewpoint to the discussions around the board members of FASEA (the government’s new financial services regulatory body) in ‘Independent Financial Adviser – ifa’ magazine.
“Independent and non-aligned advisers have questioned whether the government’s Financial Adviser Standards and Ethics Authority can truly represent their interests given its board membership.”
But Chris Morcom disagrees – “I think it’s an independent, secondary body with a clearly set agenda – to raise minimum standards – and if people don’t like it then bad luck,” he said. “Any concerns around the board having big-end-of-town bias or something, don’t have any foundation.” Click to read ifa magazine article.
Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email [email protected] or visit www.hewison.com.auPlease note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.