Do Not Invest With Anyone Under the Influence
Financial Institutional ownership of financial advisers can and does influence the decision making process and therefore the recommendations of their advisers.
Consumers have two clear choices:
- Receive advice from a Financial Adviser/Strategist who works for an independently owned practice.
Or - Receive advice from an Institutionally owned or aligned Adviser that has a clear conflict of interest.
Members of the Association of Independently Owned Financial Professionals (AIOFP) provide a clear choice for consumers. To be a member the adviser must work for a practice that operates their own Australian Financial Services License issued by ASIC and have no ownership by a financial institution. These characteristics allow the adviser to make recommendations that are in the consumer’s best interests, not an institution’s.
With over 75% of all advisers either owned or aligned to an institution and many of these having confusing names to conceal their affiliations, it is important consumers seek advice from AIOFP members to guarantee peace of mind.
Other benefits of seeking advice from an AIOFP member:
- Members are state based with local knowledge.
- Members employ locally, supporting the local community.
- Members work on a professional fee for service basis.