Faith in The Trust Company

As Australia's wealth management industry shrinks further, investors should hone their radar for any conflict of interest.

The proposed acquisition of The Trust Company has profound implications for investors on the quest for independent, impartial investment advice. Often touted as ‘strategic alliances,’ this amalgamation of financial service entities is consolidating a sector which should be encouraged to remain robustly independent.

With Super Guarantee contribution increased to 9.25 per cent at the start of this financial year, there are more dollars to provide advice on - and for managers to collect fees on.

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