Channel 7 personality and former financial services journalist, David Koch has picked up a stake in Adviser Ratings.
Adviser Ratings announced the Koch involvement in a statement issued today.
The statement quoted Koch as saying that, "over the last few years, the financial planning industry has faced a torrid time, plagued by numerous financial planning scandals. Adviser Ratings is an important initiative to rebuild consumer confidence in the industry".
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Koch said he would be involved in an Adviser Ratings' foray into the financial literacy space and educating consumers about how to maximise the benefits of using a financial adviser and investment.
Koch was a founder of Money Management.