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Contrary to claims that finfluencers are a more accessible alternative to advisers, this licensed finfluencer believes she plays a complementary role towards easing investors into financial advice.
One year since ASIC forced finfluencers to obtain a general advice licence or else, finfluencers playing by the rules are reaching financially illiterate and disengaged Australians in a way that traditional advice has failed to.
ASIC warned social media finfluencers they could face imprisonment and fines if they do not obtain an AFSL. APRA released a discussion paper proposing to replace the Prudential Standard SPS 114 Operational Risk Financial Requirement with enhanced obligations for trustees.
Finance influencer, or finfluencer, Clara Riddle was messaged on Instagram by another account posing as her.
Pearler is set to launch a Reddit-like platform seeking to bypass social trading risks and directly aid new investors with straightforward answers to their questions.