Contact Axiom Wealth
  • EiffelTower The Eiffel Tower
    The Eiffel Tower was purpose built and designed in 1889. Created by Gustave Eiffel who, with a small and dedicated team, created and delivered the ultimate in unique and innovative design.
  • BigBen Big Ben
    The specifications for the construction of Big Ben's massive clock were exacting to say the least. However after almost seven years Edmund Becket Denison created what was considered "unattainable", a clock that could keep time to within one second per day.
  • LeaningTowerofPisa The Leaning Tower of Pisa
    Without intervention, the Leaning Tower of Pisa would have fallen over. It just goes to show that its never too late to take remedial action.
  • LondonBridge London Bridge
    When the bridge was completed in 1894 it was hailed as the most sophisticated "see saw" ever created. The vision and skill of the engineers and construction team was many decades ahead of its time.
  • GreatPyramidofGiza The Great Pyramid of Giza
    The Pyramids were built by the Egyptian Pharaoh Khufu who began planning the structure many years before his death. The result has stood for over 4500 years.
  • ArcdeTriomphe The Arc D'Triomphe
    The Arc d'Triomphe was designed in 1806 to be an enduring landmark in Paris. Two hundred years later it is one of the focal points of the city and serves to remind all of Napoleon's victories and the armies that fought in them.

Government Submissions

We believe that wherever possible we should leverage opportunities to influence the development of public policy. As long-standing industry practitioners we see that we have an obligation to make government (or other public policy influencers) aware of how legislation can be enhanced to better meet the needs of clients.

Over the years, we have made a number of submissions (and made face to face representations) to Government to articulate and better represent the concerns of our clients. Too often, public policy is developed in a vacuum without due regard to possible consequences and inequities. We have lobbied to protect the rights and financial strategies of our clients.

Submission to the Parliamentary Joint Committee on Corporations and Financial Services - September 2014

As we have noted in previous submissions to this Committee, there is a lot to recommend in the current financial advisory system; a fact that is often overlooked by consumer groups and other policy influencers. As with every system, however, there are opportunities to further improve particular aspects in order to better serve the interests of the majority of consumers.

The other critical point about "change" in this industry is that it needs to be made via measured and infrequent interventions. When dealing with legislation and regulations impacting people's retirement savings it is imperative that it be undertaken in a manner that enhances (rather than undermines) people's confidence in the system.

It is our perception that the issues of financial advice and superannuation are becoming overly politicised, and knee-jerk decisions are being made at all levels in the industry without proper regard to consequences and without a clear line of sight on the best interests of the client.

With regard to the Committee's current terms of reference, there is a lack of clarity about exactly what problem "is being solved for". Some have suggested that higher educational standards will reduce the occurrence of fraudulent behaviour amongst planners (a link we would argue is contentious), so we assume that a nexus is being drawn between adviser education and the quality of advice. Again, however, we remain to be convinced about the strength of the correlation between these two things.

Our views, based on over fifty years of combined experience in the financial services industry, are summarised Read more ...  

Submission to the Inquiry into Financial Products & Services - August 2009

There is a lot to recommend in the current financial advisory system; a fact that is often overlooked by consumer groups and other policy influencers.  As with every system, however, there are opportunities to further improve particular aspects in order to better serve the interests of the majority of consumers. Read more ...  

Submission to the Henry Inquiry into Retirement Income - February 2009

It has been our experience, based on client feedback, that the Simpler Superannuation changes made under the previous government have been regarded as overwhelmingly positive.  There were a number of fundamental changes introduced at the time and client strategies have been re-shaped in light of these changes.  Read more ...

Response to Government Proposals to Simplify Superannuation - July 2006

The attached submission addresses a number of key issues arising from the proposals for the simplification and streamlining of the current superannuation system, announced by the Treasurer on Budget night.

The proposals have much to commend, but importantly, there are also a number of anomalies that need to be addressed. Read more ...

Investment Market News

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