Some advisers amaze me

Friday, September 18th 2009, 11:23PM

Sometimes I am amazed at the advisory industry in New Zealand. Last week I chose to run a piece from Richard James at NZ Funds Management giving his take on the advisory industry, and some quite candid views. My thoughts were that it was a good opinion piece from someone meaningful in the industry. What amazes me is how some in the industry (I can’t use the term profession now) chose to use the piece as an opportunity to attack a range of targets including Money Managers, its founder Doug Somers-Edgar and NZ Funds. I have been asked about our policy on comments to Blogs. We do moderate them, and we have chosen to take a fairly liberal view that we shouldn’t “unapprove” comments that we don’t agree with. The thinking is that we should allow discussion and the exchange of ideas. Some comments don’t see the light of day for various reasons, such as defamation. In this instance we haven’t approved (and have removed) some comments. Why? I’m not prepared to see a positive contribution like this demeaned by advisers who have issues with MM/D S-E/NZ Funds. It is not a platform for these sorts of comments or for aggrieved parties to spout forth with one side of the story. It is less of a platform when these contributors don’t disclose all the facts. Discuss the issues – don’t attack the writer.

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