01 Apr 11 More on financial planners
MEMBER 52 writes:
"Just had a client come in. He has six years of his superfund returns to do. Total value of fund 30K. This fund was set up by a Financial Planner. Trust deed has not even been signed.
Even though I have a graduate degree in Financial Planning together with the standard accounting qualifications, I will be breaking the law if I tell the client he should close his fund and roll the money out.
Perhaps I should send this client to Bill Shorten, after all he is a consumer that needs protecting. Nah! I'll just send him to the ATO where I know he can get some really truly independent advice."