# Prof. Stephen Brown discusses fee-based financial advice

1 Faculty News August 21, 2014 ![](/sites/default/files/styles/246w/public/assets/images/con_030723.jpg?itok=qKyIi0FB)>

Excerpt from [Sydney Morning Herald](http://www.smh.com.au/business/banking-and-finance/david-murray-signals-push-to-protect-clients-of-financial-advisers-20140821-106m25.html) -- "NYU Stern School of Business professor [Stephen Brown](http://www.stern.nyu.edu/faculty/bio/stephen-brown), who has studied the interim report, said policy around financial advice needed to ensure conflicts of interest were minimised and remuneration structures had a big effect. 'I am a great proponent of fee-based financial advice,' he said. 'That is ethical and the appropriate way to do this. People need advice and they need unconflicted advice.'"

[Read more](http://www.smh.com.au/business/banking-and-finance/david-murray-signals-push-to-protect-clients-of-financial-advisers-20140821-106m25.html)