Adviser Ratings - Phase 2 to help further redress the advice imbalance

The heat turned up another notch on both the financial planning industry and ASIC this week, following Sydney Morning Herald’s investigation into NAB Wealth. Adviser Ratings will launch phase 2 of its website in coming weeks, which will further help to redress the information imbalance between consumers and advisers. As Christopher Zinn has stated in our keynote article this week, the actions of certain rotten berries in the industry are not only impacting the trustworthiness of the good guys but also preventing consumers from seeking financial advice.