One of the most inappropriate advertorials (Its basically an ad) published for a while appeared in todays media. http://www.smh.com.au/small-business/finance/six-reasons-why-you-need-an-smsf-20141015-3i13h.html
Non-financial advice that considers ONLY some merits of a SMSF....No mention of adverse issues, costs and when its not appropriate. No financial advice - No AFSL. Of course just a standard disclaimer.
I wish ASIC would address these types of single advice SMSF spruikers. Life insurance issues ? Problems with estate planning and death benefits, costs, Directors guarantees which may affect credit, lack of prudential protection, potential issues arising from business failure / marital breakdown...
I wonder what independent financial advice is ? Does that mean they ONLY setup the fund after another financial adviser gives a statement of advice ?
Non-financial advice that considers ONLY some merits of a SMSF....No mention of adverse issues, costs and when its not appropriate. No financial advice - No AFSL. Of course just a standard disclaimer.
I wish ASIC would address these types of single advice SMSF spruikers. Life insurance issues ? Problems with estate planning and death benefits, costs, Directors guarantees which may affect credit, lack of prudential protection, potential issues arising from business failure / marital breakdown...
I wonder what independent financial advice is ? Does that mean they ONLY setup the fund after another financial adviser gives a statement of advice ?