Financial planners know what’s good for you. They’ll sell you a dud, pocket the commission and you’ll lose your house.
Motto: “Lose the lot, care factor.”
Just check the Royal Commission’s fallout – “risible” advice, fraud, massive losses, fly-by-night planners who rebirth a few blocks down the road.
If they’re a member of the Financial Planning Association of Australia like these lot then run a mile.
- Dante de Gori (FPA Imperial Wizard)
- Sam Henderson (FPA Grand Dragon)
- Terry McMaster (FPA Grand Giant)
- Adam Palmer (FPA Exalted Cyclops)
- CommBank (CBA)
- ANZ
- NAB
- Westpac
- AMP
- Charter Financial Planning (secretly owned by AMP and so flogging AMP products)
- Millennium 3 Financial Planning (secretly owned by ANZ and so flogging ANZ products)
- Count Financial (secretly owned by CBA and so flogging CBA products)
- GWM Adviser Services (secretly owned by NAB and so flogging NAB products)
- Securitor Financial Group (secretly owned by Westpac and so flogging Westpac products)
- Apogee (secretly owned by NAB and so flogging NAB products)
- Bridges Financial Services (secretly owned by IOOF and so flogging IOOF products)
- Consultum (secretly owned by IOOF and so flogging IOOF products)
- Shadforths (secretly owned by IOOF and so flogging IOOF products)
- Financial Wisdom (secretly owned by CBA and so flogging CBA products)
- Garrisons (secretly owned by AMP and so flogging AMP products)
- Garvan Financial Planning (secretly owned by NAB and so flogging NAB products)
- Godfrey Pembroke (secretly owned by AMP and so flogging AMP products)
- Guardian (secretly owned by Suncorp and so flogging Suncorp products)
- Hillross Financial Group (secretly owned by AMP and so flogging AMP products)
- IPAC Securities (secretly owned by AMP and so flogging AMP products)
- JB Were (secretly owned by NAB and so flogging NAB products)
- Meritum (secretly owned by NAB and so flogging NAB products)
- Milenium 3 (secretly owned by ANZ and so flogging ANZ products)
- MLC (secretly owned by NAB and so flogging NAB products)
- St George Financial Planning (secretly owned by Westpac and so flogging Westpac products))
- Whitaker McNaught (secretly owned by CBA and so flogging CBA products))
- HIH (long goneski and stolen lifesavings)
- FAI Insurance (long goneski and stolen lifesavings)
- Storm Financial (long goneski and stolen lifesavings).
This week The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was urged by the Financial Planning Association to keep the identity of ego planner Sam Henderson confidential to protect his dodgy reputation.
Hendo had instructed his employees to impersonate a client and misrepresented his tertiary qualifications so he could con a potential client Fair Work Commissioner Donna McKenna out of $500,000.
Any shonk can join the FPA. When the planner is exposed as being seriously dodgy like flogging a deal where he secretly owns it, the FPA keeps it secret.
Insurers and banks employ rogue financial planners on commission. They don’t care about the shonky deals so long as its their products and the cash flows in.
And the regulator ASIC is corruptly complicit in the industry, doing nothing. ASIC is a profit centre for Good Debt Scomo see!
Best keep it in the home safe and established bricks and mortar..
With backup…
Postscript: We await the Royal Commission’s exposé into the unions industry super funds cash laundering scams.