Knowledge test needed for ‘sophisticated investors’: advisers
Financial advisers say moves to make it harder for Australians to qualify as sophisticated investors will help protect them from financial loss, but knowledge tests or proof of returns should also be considered to ensure would-be investors understand what they’re investing in.
The Albanese government is poised to increase the wealth threshold under which investors can be considered “sophisticated”
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Knowledge Test needed for ‘sophisticated investors’: advisers
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