Financial planning services will cease being provided directly by Aware Financial Services Pty Ltd due to the excessive burdens of prohibitive costs and over regulation that only makes advice less affordable for the majority of Australians.
We may return into this space if the politicians and authorities realise the mistakes being made. For example, would the average person accept demands to pay thousands of dollars each year for more police? Well that’s what has basically happened with ASIC charging only the fewer remaining advisers for all of their rising costs. That’s despite the fact that 95% of complaints and problems from the Royal Commission was dealing with Banks and their policies not the average adviser that merely follows the Banks instructions as former Licencees. But now the banks have departed and sold their advice businesses and avoid having to pay for the mess they created. Meanwhile advisers are paying the price with many suicides resulting from the disaster.
Note: The information provided on and made available through this website does not constitute financial product advice. The information is of a general nature only and does not take into account your individual objectives, financial situation, or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you obtain your own independent professional advice before making any decision in relation to your particular requirements or circumstances.