Regulation
Regulatory reform, but not as you know it
The ALRC’s financial regulation review won’t follow the normal template, lawyers say, as the focus will be more on structure than policy. This may mean a swing back towards more prescriptive regulation for advisers, but don’t hold your breath for a quick result.
Tahn SharpeSeptember 22, 2020
Regulation
ASIC tells fundies to be ‘true to label’
ASIC has cracked the whip on misleading fund managers after surveying 37 funds with a total of $21 billion under management. Being true-to-label is a "must have", not a "nice to have", said deputy chair Karen Chester.
Tahn SharpeSeptember 22, 2020
Licensees
‘Vanilla’ AFSL prices surge as advisers disperse
Empty AFSL’s with no client books have gone from having virtually no value to being sold for an average of $70,000, with ex-institutional advisers clamouring for an independent ticket yet reluctant to wait on ASIC to approve a new license.
Tahn SharpeSeptember 21, 2020
Profiles
Hooked on investing as a teen: Kellie Davidson
After her father got her interested in the stock market, Kellie Davidson started gravitating towards investing before deciding to "make a difference" in financial planning. As one of the nation's leading advisers, she's keen to pay it forward with pro-bono and charitable work.
Nina HendySeptember 18, 2020
“It’s very simple. Either intrafund advisers must seek signed bi-ennial (or annual) opt-in fee notices from fund members to receive their salaries (& bonuses) OR the alternative is to remove opt-ins for all retail advisers, once informed consent to charge a set ongoing fee has been put in place with the client. ”
Steve Blizard
Roxburgh Securities in Guildford, WA
Industry
Institutions absent in Licensee of the Year award
GPS Wealth and Affinia were the big winners at this years' awards, while no award was given for the Institutionally Branded Licensee of the Year due to "an insufficient number of qualifying licensees".
Tahn SharpeSeptember 18, 2020
Industry
Advice demand doubles in 5 years
Latest studies reveal that the need for advice has surged in the last few years, while existing clients are clamouring for engagement from their financial advisers.
Tahn SharpeSeptember 17, 2020
Industry
Clitheroe flags advice gap
Consumer finance expert Paul Clitheroe, FPA chair Marisa Broome and CHOICE CEO Alan Kirkland highlighted the importance of financial planning and lamented cost burdens that kept ordinary Australians out of the advice system.
Tahn SharpeSeptember 16, 2020
Investment
Advice on the brink of standardised growth/defensive metrics
Work is underway - at last - to standardise the way growth and defensive assets are classified. The hope is that this will not only provide more certainty around portfolio construction, says David Bell, but enhance the way we define, measure and communicate risk.
David BellSeptember 9, 2020
Investment
Ray Dalio laments: ‘We’re at each others’ throats’
Despite the benefits of globalisation and capitalism, wealth inequality has created conflicts that can only be addressed with bipartisan policy and a focus on the common good, according to the high-profile hedge fund manager and philanthropist.
Tahn SharpeSeptember 8, 2020
Investment
Aussies more realistic about returns: Schroders
While Australians are more conservative in their investment outlook, Schroders CEO Chris Durack says they still might be in for disappointment. Spare a thought for investors in the Americas, who expect a total return of 13.1 per cent per annum over the next five years.
Tahn SharpeSeptember 4, 2020
Education
Harry Baker, the professional year pioneer
As the first to make it through FASEA’s 1600-hour training mandate for new advisers, Harry Baker represents a glimmer of hope for an industry that is desperate to attract a new generation of participants.
Tahn SharpeSeptember 14, 2020
Education
Remember that thing called the Code of Ethics?
The industry must be fully on board with the clear intentions of the code. Instead of complaining about its 'uncertainties', practitioners should recognise that it is deliberately not a technically prescriptive compliance-style laundry list, Robert MC Brown writes.
Robert MC BrownSeptember 1, 2020
Education
Industry lags on pitching advice as a career
While the education mandate and professional year have added much-needed structure to the path for prospective advisers, the industry hasn’t quite figured out it’s pitch to the next generation yet.
Tahn SharpeJuly 17, 2020
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.
June 8, 2021 - June 9, 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.
June 22, 2021 - June 23, 2021
Retirement Conference
SUITABLE FOR: Chief executives, chief investment officers and heads of product and personnel working in member services and advice of superannuation funds