Australian Securities and Investment Commission (ASIC)’s recent investigation into service provision of financial advice behaviour of six major financial institutions has uncovered further negligent practices, including client charges for services which were never provided.
Control of Hewison Private Wealth passed to Andrew Hewison in January this year, 30 years after his father, John Hewison, founded the practice.
Hewison senior is a former chairman of the Financial Planning Association of Australia (FPA), and also a life member, having served a number of FPA boards and committees.
Property prices in Australia have increased dramatically over the past 10 years and look set to continue over the medium term. While signs indicate the Reserve Bank of Australia (RBA) will lower rates again over the next few months in order to “refuel” the economy, the one area that needs no assistance is the Australian residential property market.