ANZ’s all-eggs-in-one-basket advice was for 'sophisticated' investors
ANZ boss David Hisco's comments show advice exposed by NBR yesterday wasn't an isolated incident.
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ANZ Bank chief executive David Hisco says advice from the bank provided to a customer with a $540,000 nest egg, which recommended most of all of that money be invested in ANZ products, was a product for “sophisticated” investors.
He describes that advice, revealed by NBR yesterday, as ANZ’s
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Jenny Ruth
Wed, 02 May 2018
Wed, 02 May 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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ANZ’s all-eggs-in-one-basket advice was for 'sophisticated' investors
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