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.
Tahn SharpeAugust 5, 2021
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.
Tahn SharpeAugust 4, 2021
Featured Homepage Posts
Managed accounts to follow customisation trend: Blackrock
The domestic managed account market will evolve towards customisation in the same way that the market in the US has done according to Blackrock head of model portfolio solutions, Josh Persky.
Tahn SharpeAugust 4, 2021
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.
Matthew SmithAugust 3, 2021
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.
Tahn SharpeAugust 3, 2021
Industry
The 4 ‘system changes’ defining the business of advice
The driving forces for systemic change in advice will continue shaping the industry for "the foreseeable future" according to AZ Next Generation Advisory chief executive Paul Barrett. "It's actually a really good time to be an adviser," he said.
Tahn SharpeAugust 2, 2021
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.
Simon HoyleJuly 30, 2021
“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
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.
Tahn SharpeJune 29, 2021
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.
Tahn SharpeJune 9, 2021
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.
Tahn SharpeJune 1, 2021
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.
Tahn SharpeJuly 7, 2021
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.
Tahn SharpeJune 24, 2021
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.
Robert MC BrownFebruary 3, 2021
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.