The chief executive of a financial services brokerage says industry associations, lobbyists, lawyers and major institutions are to blame for advice being unaffordable and inaccessible to most Austra
One business broker has found a spike in international and domestic interest in Australian accounting firms, however believes mature firms are taking the wrong steps to maximise their sell price.
With most commitments being made by politicians during elections, Connect Financial Service Brokers says the Federal election is reaffirming the need for financial literacy to be taught in schools.
Two decades of regulatory change has meant the Australian financial services sector has reached a precipice and desperately needs a regulatory regime fit for the 21st century, according to Connect Financial Service Brokers.
The roadblocks that have been put onto the advice industry will not affect the big end of town accessing advice, only the ones that need advice the most, according to Connect Financial Service Brokers.