Robo-advice and boutique advisers to fill the void (The Aust 26/03/19)
The era of the big four banks providing financial advice is now effectively at an end.
The actions of the banks considered together with the Hayne royal commission affecting the advice industry, the educational and professional reforms arising from the Financial Adviser Standards and Ethics Authority (FASEA), and disruption being brought on by new technology reinforce a broader picture of seismic change.
Indeed, what is happening is both major disruption and rationalisation of Australia’s financial advice industry.
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