IMPORTANT!

The board of a financial services company acts as a guardian for your money and investments, ensuring proper management and preventing misappropriation to protect your funds.

Would you think that the Chairman is an important role in all this? You certainly wouldn’t want a chairman who in November 2024 received a judgment against him for breaches of fiduciary duties...

Definition of Fiduciary: A person that makes financial decisions on behalf of another party who is legally obligated to act in their client’s best interest.

If you are a client, service provider, employee, or just an interested onlooker, you need to read this article recently published by The Australian Newspaper. You can also see the entire judgment here.