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Insurance blow for Chambers Creditors...

This article is about Chambers Investment Planners placing itself into administration as a device to defeat its creditors. See Our Article

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FOS Slams Chambers for Poor...

This article is about an adverse Determination that was made by the FOS against Chambers Investment Planners. See Our Article

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Chambers Client Claims Revealed –...

This article is about the type of poor financial advice that Chambers Investment Planners was providing. See Our Article

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AFSL enters administration to dodge...

This article is about a financial planning firm (Chambers Investment Planners) that went into administration in an effort to avoid having to pay multiple FOS Determinations that had been made against it. See Our Article

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Self-managed superannuation funds – The...

This article is about the fact that self-managed superannuation funds are not an appropriate investment for most investors. In particular, it refers to the facts that most investors do not have the necessary level of financial related skills to operate...

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ASIC’s limited resources – The...

This article is about the fact that ASIC has very limited resources. ASIC has a very limited number of staff who are attempting to regulate multiple industries that operate in every part of Australia. Consumers of financial services have to...

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External dispute resolution schemes –...

This article is about how important External Dispute Resolution schemes are for consumers of financial services and why the Government should not be allowed to limit their operations. See Our Article

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Investment forecasts and borrowing to...

This article is about the dangers of borrowing to invest on the basis of forecasts about the future performance of a financial product given by a financial planner. These forecasts are almost always wrong in circumstances where it is certain...

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Read Statements of Advice and...

This article examines why it is very important that clients read Statements of Advice and Product Disclosure Statements that are provided to them. It also makes the point that if a client does not understand what they are reading they...

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Agribusiness – upfront and trailing...

This article examines the relationship between the very poor advice that was provided by agribusiness schemes and the receipt by financial planners of very substantial upfront and trailing commissions when their clients made an investment in these schemes. It is...

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Article Money Management Magazine and...

This is a clearly defamatory article that was intended by persons working in the financial planning industry to discredit my work that I undertake on behalf of clients. See Our Article

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Don’t blame yourself for bad...

Many clients who lose money as a result of bad financial advice blame themselves. In fact, they should blame their adviser and seek compensation for their loss. The point of the article being that many of my clients see themselves...

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Vertical integration – The West...

This article is about the fact that many financial planning firms are owned or controlled by large institutions who distribute financial products. Instead of being unbiased advisers the financial planners at these firms are really acting as salespeople for their...

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Statement of Advice – The...

Statements of Advice are meant to help clients. This article is about the ways that they can actually harm clients’ interests and the things to look out for when reading a Statement of Advice. In particular, clients need to look...

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Financial Services Guides – The...

This article examines why it is important for clients of financial planners to read the Financial Services Guide that must be given to them when they first meet with the financial planner. The FSG is important as it tells clients...

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The Financial Ombudsman Service –...

This article examines the options available to clients who have received poor financial advice to obtain compensation. Clients who have received poor financial advice have many avenues open to them to recover their loss. See Our Article

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