I have tried to refer clients to financial planners. We have over 1500 clients. 98 percent of clients will not see a financial planner as they do not trust them. The client says that they would rather not get advice than see a financial planner. From our experience it appears that planners have a very bad reputation among the public. I disagree that accountants are setting up SMSF's just to collect fees. That is actually unethical and accountants have a legal duty to act in the best interest of their clients. Most accountants do act in the best interest of their clients. Same cannot be said concerning financial planners
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