Lessons from DoverBY MICHELLE BALTAZAR | WEDNESDAY, 13 JUN 2018 12:34PMThere is nothing more brutal than receiving bad news on the eve of a long weekend. Worse, they were sent by email. The sudden shutdown of Dover Financial Group was still - by ... Upgrade your subscription to access this article
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TIMOTHY SCOTT
DIRECTOR
FORD SCOTT FINANCIAL PLANNING PTY LTD
DIRECTOR
FORD SCOTT FINANCIAL PLANNING PTY LTD
With a farming background, Ford Scott Financial Planning director Tim Scott has artfully woven traditional country values into his advice approach and incorporated managed accounts into his offering, reflecting the importance he places on direct ownership. Cassandra Baldini writes.
Dover in a way brought this on themselves. Why?
A few years ago , they advertised heavily that they had the smallest SoA and RoA's in the industry.
If that wasn't a red rag to ASIC , I do not know what would be....
This can be easily verified.
What self-serving drivel! - There is no difference between a platform and a managed account both could be handed to another adviser or even the same adviser with another dealer, at the stroke of a pen. To try to present a managed account as superior in this respect is simply misleading.
The real question is where are the on-going fees going to be paid? Is the client going to be refunded by the dealer because no service can be provided? What will the fund manager (including the managed account provider) require to change where they pay the fee?