HI

I would like to highlight my experience with Philico.

They mislead me into buy a Smsf structure which was endorsed by a solicitor's queens council. What they failed to tell to me was just because a Queens council endorses a SMSF structure does not mean the ATO endorses it also.

In summary I lost the money in setting up the structure, I lost money in running the house with its yearly costs until the rents break even and of course the ATO fees and fines, I lost out on the sales of the house as I had to sell it quickly to meet the ATOs
terms.

When I asked for help Philco he basically wiped his hands of the situation and put the blame on the solictors and accountants, sio I had to fend for myself.

I was one of Philcos valued clients as we had done business before and the investment worked well. I had no reason not to trust him.

When things go wrong don't expect any help from Philco .

AVOID PHILCO......don't become a PHILCO victim