You're seriously arguing that the client is better off in the older FLS account, paying a commission, versus a lower fee Flexible Super account or another cheaper product? You could keep the same investment option and give them an immediate saving. It's the most ridiculous argument I've heard.
Are you aware that when a client is in a fee paying arrangement they actually have choice as to whether they are happy with the Adviser's service and can turn off the fee if they wish. In a commission paying product they can remove the Adviser but all that happens is they become an orphaned client and the licensee retains the commission...does that sounds like it's in the best interest of the client???
I'm assuming you're one of the gooses who borrowed against their house to buy a list of names paying grandfathered commissions at 3 times recurring revenue.
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