Commonwealth Securities, Commsec

[wolverine]

Why?

 

I am a soph and this has been available through other brokers since forever.

[nipper]

takin' it to the masses. It is just another marketing exercise, but Comsec is the largest broker and with the least sophisticated retail client base. You want garlic bread with that (you sophisticate, you). I see mis-selling ahead

[wolverine]

I don't see how there is any difference between broker A and broker B doing the same thing.

 

If you qualify as a soph then you are big enough to make a decision on buying without a prospectus.

 

Don't get me wrong when the shit hits the fan everyone is a whinger and wants to blame someone other than their good self for their greed.

[mrbear]

You should know all brokers are god wolver and never tell you a bad call.

As for poor old bears i adopt the policy of selling if they recommend buying and viceversa,seems to work most of the time as they really have a poor track record and i myself have no clue what will happen tomorrow on the market but i do know the likes of cba will continue to rip the majority off and pay obscene divs to holders at this time and the near future,cheers mrbear

[mistagear]

I qualify as SLOTH, not SOPH

[wolverine]

I'm a bit SLOPPY at the moment.

[nipper]

...stockbroker Morgans will be the new home of financial advisers in Commonwealth Bank of Australia's CommSec Advisory unit. Morgans is understood to have won a tender conducted by CBA, which pitted the firm against a bunch of rivals including Morgan Stanley Wealth Management, Ord Minnett and Wilsons.

 

It is understood there are about a dozen advisers in the CommSec team who together manage $4 billion to $4.5 billion on behalf of clients. CommSec Advisory offers financial planning and advice to clients, including high net worth clients and self managed super funds.

 

"We are pleased to announce that CommSecâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s advisory business will transition to Morgans," Morgans executive chairman Brian Sheahan said in an internal memo seen by Street Talk.

 

"CommSec Advisory currently provides a full-service advice service to clients, making the transition an ideal fit for Morgans. "Todayâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s news is a natural progression in Morgans growth strategy, and provides CommSec advisers the opportunity to join our national network in offering their clients the best products, services and research analysis."

 

Sheahan said Morgans would invite CommSec's advisers to join a Morgans owned office in Brisbane, Sydney, Melbourne or Perth.

- still not my first port of call for advice. .... Or tenth.

[nipper]

CommSec has a Community Forum, similar to here and other share chatrooms. It was always clunky as a site

 

It is closing down this weekend.... I wonder if any contributors migrate here. If so, welcome.

[nipper]

We are sorry to announce that CommSec has made the difficult decision to retire the Community platform.

 

In an ever evolving digital world, the way investors seek and use information is changing. As Australia's leading broker, we need to be careful about how we manage any information presented to investors, and we must follow all relevant regulatory obligations. We feel that over moderation of a community would compromise the open and transparent nature of all good communities, which is why we've made this difficult decision.

 

You will have access to the community until 24 July 2021, after which we will be disabling all access.

 

CommSec Community has been a unique and vibrant part of the CommSec experience since 2013 and we very much appreciate your valued contributions.