FINANCIAL planning is at the crossroads

A recent article published on Business Day has highlighted the great debate evolving around Financial planning fees and commissions

"It is vital that the financial planning industry evolves to a point where investors can be certain the advice they receive is in their best interests."

"It is important to define exactly what "fee-for-service" means."

"A complete ban on commissions in the financial planning industry is inappropriate as in some cases this model is best for the client. However, fee-for-service must be clearly defined, and not just a smokescreen."

For the complete article, please refer to http://www.businessday.com.au/business/advice-should-be-free-of-dodgy-fees-20090722-dtm3.html