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Industry
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Licensees

‘Unapologetic growth’: Shadforth aims to dominate HNW space

Reaching a century since it was founded, Shadforth CEO Terry Dillon says the firm is seeing ‘more growth than ever’. He tells Professional Planner the challenge is not only to serve existing clients well but to move to a new growth phase and achieve a dominant position in the high-net-worth space.
Regulation
1

Advisers cop another multi-thousand-dollar ASIC levy

FY24 ASIC levy figures released by the regulator show the high cost will stay for another year. The figures come just a week after a Senate committee led Liberal Senator Andrew Bragg recommended shifting the funding model to being reliant on the proceeds of regulatory fines and penalties.
Regulation
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Opinion

Latest ASIC report shows banks haven’t learned

The latest banking scandal is just another example of the top end of town working on the assumption that it’s better to ask for forgiveness than permission, writes Chris Dastoor. The case shows there is one side of financial services that has cleaned itself up since the Hayne royal commission and another that hasn’t, yet it’s the former that is still required to pay for others’ misconduct.
Regulation

Greens’ criticism of DBFO bill offers little support for advisers

The Australian Greens have offered little support to the financial advice sector, criticising the two major parties for boxing them out of negotiations. Green Party Senator Sarah Hanson-Young said the last minute amendments to the Delivering Better Financial Outcomes bill strikes out “provisions that ensure financial advisers can't price-gouge their clients”.
Opinion
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Analysis

Industry demographics create a super fund challenge for the ages

APRA’s recent release of fund-level demographic data highlights large dispersion along multiple dimensions creating challenges for funds, service providers, policymakers and regulators, writes The Conexus Institute's David Bell and Geoff Warren.
Advice
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It’s later than I think, but I still have many rivers to cross

When Jason Andriessen was just 46 he was diagnosed with young-onset Parkinson's Disease, but that diagnosis turned out to be incorrect and his true situation was revealed. In the face of a life-ending illness, Jason reflects on life, coping with drastically changed circumstances, and the role of financial advice in helping clients like him.
On Practice
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Technology

Iress infuriates advisers with quiet changes to exit terms

Iress has quietly changed the terms for ending a service agreement to use Xplan – advice practices now only have a 30-day window leading up to the anniversary date of their service agreement to cease the contract – otherwise they are on the hook for a full year of expenses. Iress says this better aligns with standard practice for tech suppliers.
On Practice

Say hi to AI: Outsourcing inevitable as support staff shrinkage continues

The past couple of years have seen advice practices reduce their support staff with technology for improved efficiency and lower costs. Practices that relied on support staff are rapidly adapting to using technology-based solutions, like AI.
Investment
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2024 Licensee Summit

Go long Taylor Swift: The race for advisers to stay relevant

As the established ways of serving clients are challenged by technology and changing demand, how the industry is structured and how it works must shift fundamentally. The biggest risk the wealth management sector faces – including advice – is not necessarily losing AUM but losing relevance. ETFs based on streaming Taylor Swift songs are only the beginning.
Upcoming events
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2 - 3 December, 2024

Researcher Forum

The event is 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.

Email to register now.

For content about the previous event, please visit our publication website. 

Advice
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Advice

Financial future of next gen front-of-mind for clients

Amid a cost of living and housing crisis, clients are becoming more worried about their children’s financial affairs more than their own. This presents an opportunity for advisers to assess how much help those clients can offer without impacting their own retirement goals.
Profiles
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Profiles

Everyone thought we were mad: Aspire celebrates 20 years going fees for service

20 years ago, Olivia Maragna and her husband made the bold choice to go fee for service from day one, at a time when commissions dominated the financial advice industry. Looking back on the journey, Maragna says the ambitious call paid off.
Profiles

‘I want to give my clients the absolute best advice possible’: The value of education

A big believer in the education standard, Stellar Wealth founder Nicole Gardner completed her qualifications “at the hardest time” to do so. Going beyond what was needed under the education standard, she didn’t want any of her clients to miss out on a strategy or opportunity because she wasn’t informed enough.