Need a reliable financial adviser? Do your homework and look online

By John Collett
Updated January 25 2015 - 10:08am, first published December 15 2014 - 12:15am
Let down: a new report shows the extent to which consumers were poorly advised by the Commonwealth Bank's planning arm. Photo: Jessica Shapiro
Let down: a new report shows the extent to which consumers were poorly advised by the Commonwealth Bank's planning arm. Photo: Jessica Shapiro
Let down: a new report shows the extent to which consumers were poorly advised by the Commonwealth Bank's planning arm. Photo: Jessica Shapiro
Let down: a new report shows the extent to which consumers were poorly advised by the Commonwealth Bank's planning arm. Photo: Jessica Shapiro

Dodgy financial advice at the Commonwealth Bank, a weak and ineffective regulator and the government's attempts to roll back consumer protections are leaving those seeking advice in a quandary.

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