Danielle, I agree with most of your comment. Planners who are conning their clients to buy investment properties from developers and receiving secret commissions definitely need to go to hell. However, some accountants are also involved in this unconscionable conduct. Some planners were guilty of placing their clients into wraps that paid the adviser the biggest commission but commissions have been banned since 1 July 2013 so this problem has been eliminated. Plus grandfathered commissions will be banned soon so the commission argument is really over. Here's a relevant question for you. Why do Industry Super Funds refuse to let independent research houses such as Morningstar into their funds to analyse their investment options and provide qualitative research reports? This should be a legal requirement or are their members supposed to just trust these union run funds?
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