No paparazzi – Outsider ain’t feeling pretty

5 March 2021
| By Outsider |
image
image
expand image

Outsider has sought to stay away from the Melissa Caddick financial planning fraud scandal because, frankly, he thinks coverage has reflected badly in general terms on financial advisers and the financial sector more broadly.

But having said all of that, he is reminded about why, many years ago, the senior editorial executives of Money Management (Outsider and his offsider) decided not to publish personality photographs on the front cover of the magazine.

Why? Because, as recently proved, those personality photographs can pop up years later to justly, or unjustly, diminish your publication’s credibility.

Outsider is reminded that the Institute of Managed Account Professionals (IMAP) ran into just such a problem when it used its magazine to publish a photograph of former notable financial planner, Sam Henderson, just before he was named in the Royal Commission and he notes that one of Money Management’s competitor publications has been found to have published a cover photograph of Caddick many years ago.

For the record, and in defence of Money Management’s competitor, the photograph of Caddick was nigh on 20 years’ old when she was in fact invested in an advice firm and carried an authorisation and unlike some of Outsider’s young colleagues, the editor of that magazine at the time did not have a crystal ball.

But one should always assume that today’s rooster may be tomorrow’s feather duster or just plucked chook, so no personality pics for Money Management’s front cover and not just because Outsider is not looking his best today.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 2 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago