Asgard draws line on one-off MySuper advice fees
The Asgard document, a copy of which has been obtained by Money Management, also makes clear that advisers cannot avoid the underlying paperwork by focusing on servicing wholesale or sophisticated investors. It said that although the consent requirements do not apply to wholesale or sophisticated investors in relation to their investment accounts, they do still apply with regards to their super accounts. “In the interests of ensuring all clients are aware of and agree to the fees deducted from their accounts, we will require wholesale and sophisticated investors to follow the same co...
Source: moneymanagement.com.au