Establishing a long-term relationship with a financial planner can help to reduce fraud within the community, finds a UNSW Business School study.
Customers will still not be sure they are receiving independent financial advice unless the industry goes further than the royal commission's recommendations, says UNSW Business School Professor Jerry Parwada.
The system to rank financial advisers would help consumers avoid the high cost of bad advice, says UNSW Business School Professor Jerry Parwada.
