A healthy percentage of these so called "fee for no service" payments are used to cover PI Insurance, ASIC registration fees, office rentals, office staff costs, IT costs, phone costs etc etc. If I don't cover these costs & my office isn't open, I cannot provide any service to anyone. Give me a break.
In order to give you the best site experience, we need to know what kind of investor you are. Please select the title that best describes you below.
Financial Advisers - Investment
Financial Advisers - SMSFs
Individual Investors with SMSFs
Financial Advisers - Insurance
Accountants and Solicitors
Financial Services Professional