Barefoot but certainly not penniless

Royal-Commission/

12 July 2019
| By Outsider |
image
image image
expand image

Outsider feels sure that financial advisers were delighted to read that Scott Pape, “Australia’s most trusted independent finance expert”, had produced an updated version of his book, The Barefoot Investor.

Just like Outsider, he believes advisers were rivetted by the news that the update covered off new topics such as the Royal Commission, Afterpay, changes to the Federal Budget, and the declining housing market and saving for a home.

After all, surely Pape, who is described by his publishers as “an investment adviser, author, radio host and television presenter”, is simply issuing general advice and nothing he says or does could possibly be misconstrued as personal advice, could it?

Still, Outsider is reminded of just how much an earlier edition of Pape’s book moved the inflows needle for a particular superannuation fund and he wonders whether Australian Securities and Investments Commission chair, James Shipton, might care to do a bit of bed-time reading.

Shipton might then care to pass the book along to his deputy chairs, Karen Chester and Daniel Crennan, to see whether it passes their “if not why not” scrutiny.

Barefoot? Perhaps. Penniless? Certainly not. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

4 weeks 1 day ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3