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Here's one. I have a friend whose cousin was recently divorced. She had an amount of money from the divorce settlement (app. $4 hundred k) and placed it with a fund advised by Financial planner while she rented and looked for a property to buy for her and the kids future. It took longer than...

No one said they were any silver bullets. And i dont think ist just people dealing with people. Its actually a commercial transaction. You pay someone money too perform a service. Its gotta be one of the few industries where there is no guarantee on that service. Yes, the lawyers are the...

With all respect I think you have an overly idealistic, maybe romantic view of the industry. I have a close friend who is an FA. He's actually pretty clueless when it comes to investing and is basically a salesperson for funds. He is pretty successful but is in debt up to his eyeballs and has...

Fair enough Sim, but what exactly are they charging commission for.

A few questions: Why is it that when financial advice companies go under, everything is to blame except them selves? Why can they take millions and millions of commission for non performance of funds? Why do investors that have lost huge amounts of money mostly don't blame the FA company but...

Do you think other FA's have also lost confidence in the stock exchange system?

Not sure it is ASIC's fault if the directors lie to them for registration etc. What can they do in that case? Not much.

Wonder why that is?

yes, im familiar with that song. probably appropriate. I was going to put a youtube link but thought better of it. So much for gurus.