Koch buys into Adviser Ratings
Channel 7 personality and former financial services journalist, David Koch has picked up a stake in Adviser Ratings.
Adviser Ratings announced the Koch involvement in a statement issued today.
The statement quoted Koch as saying that, "over the last few years, the financial planning industry has faced a torrid time, plagued by numerous financial planning scandals. Adviser Ratings is an important initiative to rebuild consumer confidence in the industry".
Koch said he would be involved in an Adviser Ratings' foray into the financial literacy space and educating consumers about how to maximise the benefits of using a financial adviser and investment.
Koch was a founder of Money Management.
Recommended for you
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.
ASIC was active in the first quarter of 2025 with several financial adviser bannings and court action, while the FSCP also handed down outcomes to advisers.
With a joint venture announced between WT Financial and Merchant Wealth Partners, the firm may have a US background, but partner David Haintz has a long history with Australian financial advice.
