ASIC warns consumers to avoid asset-based fees
The corporate regulator, the Australian Securities and Investments Commission (ASIC), has launched a new website today, in which it suggests consumers should avoid paying asset-based fees for financial advice. The new website, www.moneysmart.gov.au, includes a section on investing and financial advice. Under the heading “Choosing an adviser”, the website urges consumers to check the fees


Regulation
59