Financial advice needs a client-first crusader
"Currently, the [financial planning] industry is over-servicing the fortunate 20% while almost completely neglecting the 80%. Wealthy people get wealthier while the average Joe doesn’t have access to the advice and tools needed to advance their position and prepare for the future. With a Government push for Australians to be self-sufficient in retirement, planning for the future should be high on everyone’s agenda.
To encourage more people to seek financial advice, the industry needs flipping on its head. We need to put clients and their goals first, rather than selling products because they make a healthy commission."