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Excellent analysis and clearly shows the important role that professional independent financial advisors can do with their clients. The less on form filling and more on advice giving the better.

In the past financial advisors seem to be more like product salespeople for financial product firms and not advisors for clients. This is not completely true but that was the impression in the minds of the general public. The Royal Commission and Productivity Commission have shown the scant regard some parts of the financial advice industry for their clients but shown considerable attention to their own pockets.