Introduction to Retirement: Conflicts

The house always winsOkay, bookies don’t like it when the favourite comes home but…

The odds only have to be slightly to the house and they make a fortune

There’s a basic assumption we want to introduce you to

The developed world is getting older, but our financial system has not has not changed at the same rate.

For example, most managed funds are generally only able to invest in certain high rated securities.

We believe that this will cause more and more “BUBBLES” as massive amounts of funds are funnelled to where they generate the most fees with the least amount of risk TO THE FINANCIAL ADVISER.

Here is the nub of it, there is a basic and entrenched corruption/conflict in the financial planning industry

Ingrained ConflictRiddle me this!

How can an individual financial adviser represent your interests without conflict when

• Their remuneration is not totally aligned with your results

• They don’t take any losses

• The products and strategies they can introduce you to are determined by ratings agencies and professional indemnity insurers not by them.

The Faceless MenWe believe they’re probably your biggest problem. They sit back and work out how to make fees on the fees they charge you and guess what?

They take NO risk!

It’s like they get to play cards with match sticks but take cash if they win.

We have a research paper on casino odds you can download.

Enough to say “the house always wins”

Their RortsOwnership Links:

80% of the 18,000 Australian Financial Planners work for an owner that is a Bank, Insurer or Funds Manager

Commissions: Secret or otherwise are designed to influence the adviser.

Asset Based Fees: Are just commissions by another name.

Ownership LinksOwnership Links:

80% of the 18,000 Australian Financial Planners work for an owner that is a Bank, Insurer or Funds Manager

Need more convincing?

Do some investigation on blackjack odds at Wizard of Odds you’ll see that the house only needs to tip the odds slightly in their favour to clean up.