News

High Court judgment to shake advice world

Friday 3rd of June 2011

The High Court in Wellington found Church and Moneyworks had breached their duty of care by recommending investor Neil Armitage have too large an exposure to finance companies.

Armitage had completed a risk profile which found him to have a 'conservative' risk profile and the Court ruled Church had failed to provide competent advice after an "imprudent concentration" of funds in four fin...

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