Industry

Ombudsman reveals AMPFP tactics against advisers

Non-existing clients were included in books purchased by AMP advisers from AMPFP, but when it came to BOLR time those clients were marked as invalid, the ombudsman says. It comes amid a raft of tactics AMP’s flagship dealer group allegedly used against advisers, detailed in questions taken on notice at a recent PJC hearing.
On Practice

Scale by independence: The Koda Capital model

“I stopped counting my direct reports at 35,” Paul Heath says. In a revealing fireside discussion, the Koda Capital co-founder and CEO explains the group’s remarkably flat structure, its unconventional scale game and why he and Steve Tucker are giving away half the firm’s equity.
Retirement

Retiree needs are in ‘acute conflict’: Magellan

A regular fixed income, growth of assets to ensure they last, along with access to capital to meet unexpected and large expenses rank among the essential needs of retirees which brings complexity to retiree portfolio solutions, a panel has discussed.
Industry
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Industry

Data and integration the next wave of platform evolution: BT

While feature development is set to become a key part of the next stage in investment platforms, BT Platforms' head of distribution Christopher Mather believes data and integration will be the defining elements of its evolution.
Industry

The repricing of advice is on, and clients aren’t blinking

Paul Barrett was onto something when he said advice is complex and advisers should be charging accordingly. Not only are advisers charging more for their services, but a small sample of research indicates clients are more than willing to pay for it.
Top Comments

“Unfortunately, without true collaboration across all stakeholders ie regulators, industry, advisers and consumers there is a very high risk that the lessons from the past will not be learnt, and the issues with the banks vertical integration will be replayed again”

Neil Macdonald

The Adviser Association in Brisbane, QLD

Business case for retirement needs to stack up

1 July 2021

“APRA Funds require the client to sign a declaration about the fees to be deducted. If this can't be relied on then why does any of the attestations the client makes have validity?”

Kym Bailey

JB Were in Sydney, NSW

Check SoAs as well as consent forms, regulators tell trustees

1 July 2021

“While Trustees should be prudent, requesting an SOA as a precondition to acting on members' clear consent seems imprudent. Quite apart from questions about their capability and competence to assess advice, it may expose Trustees to additional liability.”

Sean Graham

Assured Support in Sydney, NSW

Check SoAs as well as consent forms, regulators tell trustees

1 July 2021

Investment
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Investment

3 in 4 advisers using ETFs by year end

A record 76 per cent of advisers will be using ETFs in their client portfolios by the end of the year according to new research from exchange traded product provider Blackrock. Despite pockets of concern, the adoption rate continues to climb. 
Investment

Money and understanding the key to investing: Vanguard

While a lack of large tracts of cash is the primary barrier keeping people from investing, a perceived lack of understanding remains a significant barrier to consumers entering the market according to research from Vanguard. 
Investment

Magellan systematizes bucket strategy with FuturePay play

CEO Brett Cairns explained a product design that essentially formalises a basic investment strategy – setting aside a cash reserve "to help support income in fall-back positions". Investors will be blocked from retrieving their contribution to the cash bucket, however.
Education
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Education

Exam extension about giving advisers a ‘clearer run’: Hume

It's not about the numbers, the Minister tells Professional Planner, but about giving advisers that genuinely "had a go" another chance to pass the exam with less disruption. While she understands the frustration of some who've already passed, the government is keen to provide "the appropriate flexibility" to advisers.
Education

Hume grants 9-month FASEA exam reprieve

Advisers who have failed the FASEA exam two or more times will get a further 9 months and at least one more opportunity after the government announced a further extension due to disruption caused by the pandemic.
Education

FASEA’s demise: Be careful what you wish for

Industry leaders should endorse the spirit and substance of the Code of Ethics and accept that there will be inconvenient commercial consequences for some of the industry’s participants, argues Robert MC Brown.
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December 1, 2021

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 6, 2022 - June 7, 2022

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.