Update from Invest Blue regarding the Royal Commission

May 3rd 2018 | Categories: Financial Planning |

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We would like to keep you informed and provide context around media reports emerging from the Royal Commission into misconduct in the Banking, Superannuation and Financial Services Industry.

A few people have already contacted our office to express concerns and we too are deeply disappointed by the conduct shown not just by AMP, but by all the major financial institutions. We are frustrated by the impact that this has on the Industry, our Profession and the stress or worry this may have caused our clients.

Whilst Invest Blue is licensed through AMP Financial Planning, and we do use some AMP products, the following are important for you to note:

On Tuesday 17th of April, we sent out an email to provide you with information regarding the Royal Commission into Banking and give notice of what was likely to come. To review that information, read here.

We would like to reiterate that we welcome and fully support the aims of the Royal Commission. Invest Blue wants to help improve the community’s trust and confidence in our Industry as a strong, stable, trusted financial system which is critical to our economy and the prosperity of all Australians.

As a Financial Advice business, our focus is helping people realise their goals and dreams. Invest Blue is passionate about creating financial plans for people that help them to live their best possible life. We have been heartened to hear from our clients over the last few weeks and know that our approach connects with people and makes a difference. When asked, “What do you value most about our relationship and service to you?”, some of the feedback we have received in the last two weeks includes:

Given the nature of events over the last fortnight, understandably some of our clients have been concerned. If you are in that boat, we encourage you to reach out to your adviser.

The most common question we have been receiving is “are my investments and superannuation affected by this?” Generally speaking, the answer is no. Investments in any superannuation fund or any managed fund are only affected if they own direct shares in AMP.  AMP shares represent less than 2% of most managed funds, so any volatility in this stock is going to have a minimum impact on returns for the year. For more Q&A please see our recent Royal Commission Frequently Asked Questions post.

Our Role

The financial system in Australia is complex. There are so many choices and misinformation is present. When it comes to managing our own money it is near impossible to keep personal emotions at bay and disciplined action consistent.

As a Financial Adviser, our role is to be here for you and to ensure that your financial plans and products serve you and your situation well. Not just when we sit down for the first time, but year in and year out. When we get the chance to work with a family as they move through their stages of life, we have the opportunity to play a meaningful role in giving them every opportunity to make the most of their situation, prioritise their goals and live their best life. It is an honour for us to play this part and a role we take very seriously.

If it has been more than a year since you last saw an adviser, we strongly encourage you to get in touch. As your life changes, so too does the recommended financial strategies and products. We want to ensure that your current situation and goals are catered for and that you have the best plans or products to meet your needs.

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While we are going through a much-needed phase of professionalisation of our Industry, we remain focused on helping our clients live their best possible life and acting in our clients’ best interest.


Warm regards,

David Stephen
Managing Director, Invest Blue

What you need to know

This information is provided by Invest Blue Pty Ltd (ABN 91 100 874 744). The information contained in this article is of general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regards to those matters and seek personal financial, tax and/or legal advice prior to acting on this information. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relations to products and services provided to you.