If ASIC considers that an adviser who recommends the establishment of an SMSF where the fund balance is less than $200,000 may not be adequately discharging their duties as an adviser, will ASIC consider that an adviser who does not recommend an SMSF where the client has $500,000 or $700,000 (or some other suitably large figure) in a retail or industry fund may also not be adequately discharging their duties?
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