Industry Funds as a Financial Adviser

Many of my clients ask why we don't recomend Industry funds as advisers, there are or can be a lot of reasons for this;

For one thing they do not pay commisions, adviser service fees or any other trailing income which is obviously a big issue for advisers whose main abjective is to build their trail book

There is also real difficulty in sourcing up to date research and information in industry funds, industry funds do not like advisers and because advisers don't generally use industry funds research houses do not cover them. This is slowly changing though and we are slowly get more information allowing us to compare industry and retail funds more easily.

Obviously different funds suit different people but I for one am looking forward to using industry funds more often in a world without bias and conflicts between my advice and my need to feed family.

Alan Maddick
www.smallbusinessworks.com.au