ASIC’s crackdown on how investors pitch their products to customers has been in the headlines for weeks. Chair Joe Longo’s attacks on Macquarie and La Trobe Financial are his departing gift to the financial services sector.
You’d think a new fund manager like Ausbiz Capital would be all over it. Its parent company Ausbiz is the business media start-up conceived by former Sunrise presenter David Koch and Kylie Merritt (who, for the record, don’t have anything to do with running the fund). But if its recent marketing campaign for its GroWise fund is anything to go by, it’s not fazed by Longo’s recent warnings
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