Caveo Partners well placed after Royal Commission Report

The long -awaited final report of the banking royal commission has recommended a range of changes to the way financial services’ firms operate.

Treasurer Josh Frydenberg says the government has agreed to act on the recommendations handed down by Commissioner Kenneth Hayne QC on Monday 4th February 2019.

Whilst the report will mean some changes and modifications for both our Wealth and Finance teams, overall the changes will have a very limited impact on you, our clients.

Caveo Partners is very well placed to modify our processes where needed and continue to provide our valued clients with quality advice and services without any disruption.  Essentially it is ‘Business as Usual’ from a client perspective.

Our current processes are and have always been focused firstly on delivering quality client outcomes whilst meeting legislative requirements, we will treat these new changes no differently.

Importantly, the recommended changes are not yet law and there will invariably be many discussions, debates and modifications before the final recommendations pass through the parliamentary process and become law.

If you have any questions, would like to discuss the royal commission recommendations further, want to review your finances or financial planning needs, please speak with your Adviser, Accountant or any of our Directors.  We will keep you informed on relevant developments as they progress.

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