Day of the DIY: platforms take on professionals

Sharesies and Hatch mainly rely on trading activity for revenue. (Image: Supplied)

Wed, 11 Aug 2021

If you have one hour, 18 minutes and 27 seconds to spare, the Financial Markets Authority has uploaded a video to the internet that settles the argument over whether professional financial advice even matters. (If you don’t have one hour, 18 minutes and 27 seconds to spare, just scroll to the end of this column for the answer – estimated time 11 nanoseconds.)Last year, the inaugural Great FMA Debate revealed that active investment was, counter to real-life fund flow data, better than going passive.In 2021, the regulator opted for th...

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