The RC has certainly had a negative impact on small businesses, like mine, and mortgage brokers.
Take a moment please to understand that financial advisers like me have NO LINKS OR TIES TO THE BANKS and product manufacturers (like AMP).
I work for my clients to service their needs and help them reach their financial goals. I focus on strategy first, then structure, then solution; basically a client of mine can take their plan and fulfil the solution themselves if that’s what they wish to do.
Planners employed by the banks and product manufacturers (just like loan writers at the banks) are part of the SALES & DISTRIBUTION channel of those institutions. Those institutions will always look after their shareholders first before other stakeholders.
The winners out of the RC are the big boys, what a shock!!!