On Practice

The value of advice: A playbook

By bringing the conversation back to the question of whether clients are on track to achieving their goals and showing them visually using cash-flow modelling, you will have a better chance of keeping them engaged and disciplined, David Haintz writes.
Industry

IOOF pro bono subsidy deal changing lives

The group’s offer to waive 3 months of licensing fees in exchange for 60 hours of pandemic-related pro bono advice has tapped into a well of deeply personal work that many advisers have quietly been doing for years.
Advice

‘Almost half’ more worried about money now: Fidelity

Australians are much more concerned about their financial and mental well being, the fund manager says, but advice is easing the burden.
Technology

Race on for advisers to reap open banking benefits

Now that the gates are open for open banking, product providers large and small are rushing to harness the market while advisers are in a race of their own to figure out just how the technology can help their business.
Top Comments

“Commission based sales practices undermine the credibility of an industry that needs significant reform. To argue against such basic reform is an argument against open transparent and trustworthy behaviour and places the interest of industry participants ahead of clients.”

Chris Harris

Exelsuper in Adelaide, SA

Brokers worried best interests duty will drive low-quality loans

13 March 2020

“I can't believe that the solution is a “very small percentage of the fees charged by funds managers". We just spent years getting rid of product-based commissions and now you want to reintroduce them?”

Chris Craggs

Argurion in Perth, WA

Statutory fund for advice within reach: Longstaff

6 March 2020

“Taking away people’s ability to choose how they pay for the service they want and adding prescriptive rules that don't allow for clients’ health issues, travel plans etc isn't going to benefit the client. It is just adding extra administration.”

Leanne Bull

Bull Financial in Bundaberg, QLD

Time to rethink the ongoing fee model

5 March 2020

Industry
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Industry

Platform-switching peaks as advisers test the market

The rate of advisers switching their preferred investment platform has increased for the third year in a row according to new data out from researcher Investment Trends.
Industry

Call for referred brokers to support FASEA code

When an adviser brings a mortgage broker in to help a client, Wealth Market CEO Matt Lawler believes that person should operate under the same Code of Ethics that the adviser does.
Industry

Inside the quick descent of MyPlanner

After building up a growing base of advisers, the MyPlanner dealer group rapidly imploded amidst compliance concerns, leadership changes and ASIC orders.
Investment
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Investment

Sports gambling ‘army’ distorting stock market

A surge of interest in day trading through online brokers like Robinhood is distorting the market and creating challenges for fiduciary investors, according to US market commentator Jim Bianco.
Investment

Globalisation’s second death and the ‘weirding’ of investment risk

Princeton luminary Professor Stephen Kotkin puts the COVID-19 pandemic into historical context and posits that a fundamental shift in the way we assess investment risk is required.
Education
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Education

Extension Bill passes as FASEA flaws get airtime

The Bill granting advisers extensions to the education requirement time frames set out by FASEA were passed in the Senate on Wednesday following some revealing debate in both the House of Reps and the Senate about the statutory body's challenging 18 months.
Education

‘Second sitters’ lowered exam pass rate: Glenfield

FASEA’s chief executive attributed the latest dip in exam results to a larger cohort of advisers re-sitting the exam, whose pass rate came in at around 50 per cent. Tahn Sharpe reports from the Professional Planner Digital Licensee Summit.
Education

Exam pass rate slips to 79 pc

Shortly after the government removed a stumbling block to the FASEA exam extension, the authority released figures showing more than 20 per cent of advisers failed the most recent round of testing.
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August 4, 2020

Best Practice Forum

SUITABLE FOR: Financial planning practice owners and principals.
The Professional Planner | Financial Planning Association Best Practice Forum taps into the experience and insights of practice owners, principals, consultants and other industry participants to deliver leading-edge thinking on financial planning best practice.
December 2, 2020

Researcher Forum

SUITABLE FOR: Heads of dealer group and licensee research businesses, senior executives of independent research firms, and senior professionals involved in researching investment products for inclusion in model portfolios and implemented consulting.
The event designed specifically for senior research professionals. The forum focuses on issues related to the generation and delivery of research and research-related materials to clients.
February 1, 2021 - February 3, 2021

Licensee Summit

SUITABLE FOR: Licensee and dealer group heads.
The annual Licensee Summit is recognised as the key event for the leaders of financial planning dealer groups and licensees to meet and engage with peers and colleagues to discuss the issues that underpin great businesses and the delivery of great advice.