‘It’s a really big risk’: Ripoll hits out at growing SMSF advice model
The architect of the Future of Financial Advice (FOFA) reforms, Bernie Ripoll, fears SMSF clients will continue “losing a lot of money” from one-stop shops if the increasingly popular business model continues to grow.
ASIC’s persistent warning shots over one-stop shops are warranted, according to Mr Ripoll, who believes clients are receiving poor and conflicted advice from operators who house multiple related services under one roof.
Read the full article at SMSF Adviser.
