Profiles

Neil Heriot: Trading a car for a golf buggy on the daily commute

These days the Ord Minnett founder runs his Boston Private Wealth advisory from the sunny clime of Sanctuary Cove. In the ultimate lifestyle play, he's swapped out the traditional urban commute for a 3-minute golf buggy cruise.
Industry

Financial services roles up 21.2pc as jobs rate ticks back

Most industries are starting to claw their way back this quarter after Q2’s pandemic-induced nadir, with financial services and education leading the recovery according to Sunsuper’s latest jobs index.
Investment

No time for investors to be heroic: MLC

The range of forecastable economic outcomes is as wide as its ever been, says MLC Asset Management portfolio manager Myooran Mahalingham. Tread lightly on the hunt for alpha, and keep the fundamentals front of mind.
Industry

Simple vs complex advice model raises concerns

FPA chief Dante De Gori and Paragem CEO Nathan Jacobsen expressed reservations about Rice Warner’s Future of Advice report, which suggests separating personal advice into ‘simple’ and ‘complex’ categories.
Industry
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Industry

From survival to growth mode: Navigating advice post-pandemic

The crucial part of navigating change is doubling down on your strengths, knowing who your clients are, how you articulate value and whether it works for those clients or not - Simon Hoyle and Lena Ridley discuss transformation in the first episode of The Shape of Advice.
Industry

Government working to unravel ‘Gordian knot’ of advice regulation: Hume

The minister said the Treasurer and her department are working together with ASIC and industry bodies – who she praised for presenting a united voice – to make the “tortuous journey” of reform easier for advisers.
Industry

Licensees stifling practice acquisitions over compliance concerns

Advice firms looking to build scale are being told to involve their licensees early when acquiring businesses, as tighter compliance benchmarks make it harder to get deals across the line.
Top Comments

“Here we go again, more unnecessary regulation. Claims advocacy does not necessarily need to be done by a financial adviser when no financial advice as a result of the claim process is required.”

Chris Todd

Chris Todd Financial Services in Mount Barker, SA

Exam pass rate slips to 79 pc

25 May 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 funds’ advice plans have not progressed

29 May 2020

“I think the FPA is on the money here. This is an essential move for financial planning to become a legally recognised profession under professional standards legislation.”

Tom Reddacliff

Encore Advisory Group in Sydney, NSW

Code monitoring to be superseded by bigger plan

3 June 2020

Investment
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Investment

Aussie millennials leading pandemic investment surge

An opportunistic mindset is seeing Aussies aged between 24 and 39 turn to investing during the pandemic era, reflecting a global trend for younger investors to take advantage of current volatility.
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.
Education
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Education

FASEA’s Glenfield: 10,000 qualified advisers a ‘strong’ story

Past the halfway point in its exam transition program, the authority’s CEO says its time to acknowledge what the uplift in professionalism means to consumers. “I had faith in the outcome of this,” Stephen Glenfield tells Professional Planner.
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.
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.
Attend a Professional Planner Event
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