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".
Related News: More understanding needed for high yield investments
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.