Supporting advisers

One of the things which perplexes me at the moment is why advisers aren't out their defending themselves. Currently they are taking a pretty big hit in the mainstream media - in my view unfairly. Indeed this week I have done two television interviews and one made a strong stand for advisers. The other on Campbell Live was a checklist retail investors could use when they look at finance companies. However, when I see comments like this in the NZ Herald I wonder whose side the IFA is on: "David Hutton, chief executive of the Institute of Financial Advisers, said investors had to balance the risk against the reward and do their own research, and not rely solely on financial advice." I thought it was the job of the IFA to encourage people to see and use advisers. This quote (it was in the main news section of the paper, not the business pages) has been described to me a "silly" and I agree. Man there are a lot of strange things happening in the market at the moment.