An article on the website SMSF Adviser talks about a round of voting aimed at selecting the favourite SMSF adviser practicing in Australia. Just as investors are ready to drop the names of advisers who give them a raw deal, they are more than willing to publically appreciate those advisers who give meaningful advice and help the cause of their SMSFs.
Vote to the advisers
It hasn’t yet been 4 weeks since the voting began and more than 500 advisers have already got a “vote of confidence” from the investors. Every category and every state has been voted by now.
Happy customers more willing to share experiences
On a psychological level, there is a general consensus that happy customers are always eager to share their experiences. The article says that SMSF advisers should seek feedback from such elated customers and improve their services even more.
Ethical SMSF advisers will never lose their appeal
There has already been a serious case made against real estate investments through SMSF. This notwithstanding, the voting pattern suggests that the recommendations of the smart and ethical SMSF advisers will always hold its appeal.
You can read the original article here.
This is an exemplary initiative. Human beings are hungry for recognition and I am sure those names which are publically declared for awards will feel motivated towards achieving greater glory.
SMSF-enabled property investment under radar
Property investments made through SMSF has come under the scanner. Banks like NAB, WestPac and AMP have already showed their disinclination towards residential lending through SMSF. There is great fear that property spruikers and fly-by-night operators will paste any advice on the gullible investors. The sector already lacks prudential regulation and such unethical deals may prove costly in the long run.
