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Story Wealth s Anne Graham and Rob Jones from Peloton Partners
Financial adviser are selling themselves way too short according to Rob Jones.
The Peloton partners chief executive believes the inability of advice principals to charge sufficiently for their services is a “massive problem”, and while advisers may be brilliant at providing a service their inability or reluctance to demand appropriate recompense is holding the industry back from functioning in good health.
“After all the advancements we’ve made in this industry, the fact that we’re still living with very old, outdated and ineffective pricing models is a real issue for us,” Jones said on a panel at the
An expanded RoA regime is one of many actions ASIC is considering after trawling through almost 500 submissions to its landmark consultation paper on access to affordable advice. Another – the need to fix its own “turgid” guidance documents.