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08/09/18
11:53
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Originally posted by HAC30
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Yeah I can understand where you are coming from. I just personally take a different view to the potential value of those assets (worst case scenario). I can see quite excessive write downs if they get absolutely hosed in the royal commission as I expect in conjunction with legislative changes. I work in financial advising and dealergroups are a dying breed. I don't know anything about spectrum but would need to be conscious of what level of income is derived from grandfathered fees/commissions, that's about to get absolished IMO. And yeah I think the funeral Insurance has a different cooling off to life insurance products but would need to clarify.
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From an insiders perspective, what do you mean by dealergroups are a dying breed? Do you see financial advice/management moving more or less corporatised? Thanks