Independent Financial Advisers benefiting from Royal Commission fallout

Investors are moving to non-aligned financial advisers

The Royal Commission has seen a distinct shift from bank-aligned financial planners towards independents, according to Adviser Ratings managing director, Angus Woods.

Speaking on a panel at the Association of Superannuation Funds of Australia (ASFA) conference in Adelaide, Woods said that his company had noted an upturn in inquiries about financial platforms, with activity doubling since the beginning of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

“There has been an increase in the independent space away from the banking aligned type of adviser,” he said.

Woods’ comments came as Link Advice managing director, Duncan McPherson said his company had noted the continuing strength of superannuation brands amid the fallout from the Royal Commission and the level of interest in advice from members

Roxburgh Securities has been approached by a major WA Industry Super fund to provide non-aligned advice for it’s members, as this fund has realised the implications of vertically integrated advice has major implications in light of the Banking Royal Commission recommendations.

Since inception, Roxburgh Securities has always sought to provide non-aligned advice, and is a proud member of the Association of Independent Owned Financial Professionals (AOIFP).

Regardless of the fund you are invested in, our mission is to ensure the maximum return on your investments, while meeting your investment risk profile.

The biggest problem our clients tell us is that when dealing with an aligned bank channel, their adviser is there one day, and gone the next.

When dealing with a long term non-aligned adviser, that problem disappears.   Like your reliable family doctor, we are always here.

Article from Money Management  16 Nov 2018

 

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