My view on the recent Royal Commission

I’d like to address the Royal Commission Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry that has taken place over the last few months.

There's been a heap of noise around it and how it impacts you. The entire industry has taken a reputational beating; which is disappointing to the large majority of good advisers doing the right thing!


The long-awaited final report of the banking royal commission was released on Monday 4th February 2019. Commissioner Kenneth Hayne recommended many changes for the troubled sector, which we listened to eagerly.


I felt it was important to provide our views on the outcomes of the Royal Commission.


Naturally, I had high expectations of a positive overhaul for consumers; having fully supported the Royal Commission. I’ve been saying for many years, since the GFC, that things needed to change.


What did we see in the Final Report?



The worst offenders escaping with a light rap on the knuckles, and the consumer ultimately wearing more costs and having less options!


Throughout the televised report, I kept wondering ‘So where are the savings going to come from?’ and ‘How will this make quality financial advice more accessible for people? How will this improve things for the consumer?’


All I see happening is Banks, Super & Insurance companies rubbing their hands together again; knowing they have the control back now and they can wipe off their losses by passing them onto consumers.


Does anyone really think they will volunteer to reduce investment costs or insurance premiums to pass on the savings to consumers?


Sadly, you’d be dreaming if you think so.  I hope I’m proven wrong!


The ones that were called to task - the Banks - have come out relatively unscathed, while hard-working Financial Planners and Mortgage Brokers have been hung out to dry. Some of the recommendations, if approved, will wipe out many small financial advice businesses, the ones that have tried to ‘keep the bastards honest’.


Over time, Government has made Finance, Super and insurance industries so complex, you have no choice but to get advice. Unfortunately, however, those that may really need advice, may not be able to afford it going forward.


Our promise to you


When I entered the Financial Advice space several years ago, I intentionally avoided aligning myself to the big players (Banks, AMP, & Macquarie etc).


Even though it would have been an easier start (working under the umbrella of an established brand, rather than building my own from scratch) it never sat well with me because I always wanted my Advice to be unbiased. I couldn’t sleep at night knowing I had volume targets to meet, or certain products I had to use, knowing they may not have been the most appropriate for my clients.


It’s just not who I am, and certainly not what I wanted for my clients.


Integrity is the cornerstone of my work ethic and character and underpinning this is that I work and live in a small community where friends are clients and clients are friends.


I’d like to reassure you that we are always at your service and we will always put your needs first.


The beauty of a small, privately owned practice like Investment Zone means our processes and compliance practices are very meticulous, robust and transparent and you can rest assured of our integrity and professionalism. We are free to advise on any products that meet your requirements and act in your best interests.


My company, Investment Zone Pty Ltd, is an authorised representative of Financial Force Pty Ltd which is a small boutique Financial planning dealer group based in Brisbane. Like Investment Zone, Financial Force is also owned by its Director and is not tied to or owned by any institution.


I hope this puts your mind at ease and if you have any questions about the Royal Commission, or our processes and compliance, do give me a call or if you’re keen on the detail visit .


Finally, if you know of anyone (friends, family or colleagues) who are with one of these big players, I would be happy to have an honest discussion with them and give them a second opinion. 


I just wanted to reassure you that our first priority is helping you achieve your financial goals.


To your financial success,




Brad Macaulay

Owner and Senior Financial Planner


B.Bus (Prop Std), Adv. Dip FS (FP), 

F Fin, AAPI, GAICD, JP(Qual)


Investment Zone (ABN: 18 104 622 611), is a corporate authorised representative of Financial Force Pty Ltd, (ABN: 42 091 425 464 AFS Licence No. 238337)

©2020 by Investment Zone.

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Suite 1, 184 Bay Terrace

Wynnum QLD 4178