“The First Rule of Investing – Don’t Lose Money. The Second Rule – See Rule One”. You may recognise this blog’s title as a famous quote from the one and only Warren Buffet, the “Oracle from Omaha”. The concept itself is more profound than you may first think...
Hewison Private Wealth Director & Private Client Adviser, Chris Morcom, was quoted in the Australian Financial Review Weekend on 19 March 2017.
NAB CEO, Andrew Thorburn, was the first of the major bank heads to front up to the Federal Government’s inquiry into the banking sector a week ago.
The Parliamentary Committee grilled the NAB chief as to why the bank hadn’t sacked one of its financial advisers whose activities resulted in the bank having to pay $7 million in compensation to 100 customers. It was further revealed that the financial adviser concerned had resigned and received an undisclosed payout deal.
While choosing a good adviser can be one of the best financial decisions you make, a bad one can put you in an even worse position. Here’s how to tell if your adviser has your best interests at heart.