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Ann: FUMAS for period ended 30 June 2018 and ANZ Wealth update, page-20

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  1. 1,036 Posts.
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    It is certainly good news, but it is not indicative of how well new flows are being attracted.

    Why not? I would have thought that attracting blocks of advisers from other licensees was an integral part of IOOF’s organic growth model, not a one-off event that needs to be singled out as non-recurrent.

    Therefore, I personally do not see anything “terrible” or “unethical” in the way this latest set of results has been presented.
 
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