Its nice to see someone else realise this, Brett.
I like your example of 4,000 clients between 1 or 2 advisers. I know a couple practices with 10,000+ clients between 1 - 2 advisers.
We are directing all the blame at the government, but in reality, these advisers are the ones that have brought this change about through sheer greed. There is absolutely no excuse to have a client in a grandfathered product unless its for centrelink purposes. I do not believe that advisers can have thousands of clients all in this basket. It is SOLELY so they dont have to service them, allowing them to have a higher income stream for less work and earn more. This is also why some financial planning books were selling at prices as stupid as 4x revenue....
Wake up people and take some responsibility.
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