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Professional Standards
Learning new tricks: FASEA uplift part of the journey
He describes the FASEA exam as "a bit brutal", but 23-year advice veteran Tony Gillett reckons the Code of Ethics is the best thing that's ever happened to the industry. He sits down with AFCA’s June Smith to discuss the growing pains that come with lifting professional standards.
Meredith BoothSeptember 20, 2021
Superannuation
Super’s not a panacea for all ills: CareSuper’s Lander
Super should be a long-term savings and investment strategy only according to CareSuper’s long-time CEO, Julie Lander, and shouldn’t be dipped into for other purposes.
Stewart HawkinsSeptember 14, 2021
Professional Standards
Can legal compliance and the Code coexist?
FASEA’s Code of Ethics may be incompatible with Chapter Seven of the Corporations Act but the two can exist together, say lawyer Selina Nutley and JB Were Technical Services Manager Kym Bailey.
Meredith BoothSeptember 13, 2021
Featured Homepage Posts
D&D obligations the ‘ultimate box ticking exercise’
As the full suite of responsibilities advisers and licensees will take on under the new design and distribution obligations comes into view, the intent of the rules is being overshadowed by concern over the administrative overlay required and the apparent lack of benefit to consumers. As one of six reforms to land in October, product […]
Tahn SharpeSeptember 10, 2021
Industry
M&A plows on despite pandemic
Domestic mergers and acquisitions continued their strong run through FY21 as markets gained more certainty around the effects of the pandemic, with IOOF's $1.44 billion purchase of MLC Wealth from NAB leading the financials sector.
Tahn SharpeSeptember 21, 2021
Industry
21 years to gender gap equity: Financy Index
Improvement in equality across employment metrics is on the improve, albeit slowly, according to new research from Financy Women’s Index (FWI) publisher Financy.
Tahn SharpeSeptember 13, 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
Read ArticleView comments hub
“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
“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
Regulation
Frydenberg lines up ASIC review squad
Treasurer Josh Frydenberg has leant on business community leaders to head up the new Financial Regulator Assessment Authority, which is being tasked with reviewing and reporting on the effectiveness and capability of ASIC and APRA. Former Macquarie CEO Nicholas Moore will be the authority’s inaugural chair, along with Gilbert + Tobin lawyer Gina Cass-Gottlieb and […]
Tahn SharpeSeptember 10, 2021
Opinion
What systems theory knows about the business of advice
CEOs rarely have the best ideas so organisations that are serious about innovation and growth need to adopt a loose system that is flexible and open. Paul Barrett writes.
Paul BarrettSeptember 3, 2021
Opinion
Challenging WINIWIMI and the importance of framing
An adviser’s personal communication style and rapport building skills are important for getting the most out of client conversations but there’s something even more powerful, Paul Moran writes.
Paul MoranJuly 9, 2021
Profiles
Taking risks and sitting on the client’s side: Crestone’s Michael Chisholm
While Crestone is keen to partner up with providers to bring products to the wholesale market, CEO Michael Chisholm takes a much dimmer view of advice firms being product providers. "We’re against product manufacturing, you can’t do that and objectively assess products in the market," he says.
Tahn SharpeSeptember 9, 2021
Professional Standards
Advisers bolster talent programs with uni lectures
Concerned by the skinny pipeline of advisers coming through the ranks, Kris Martin and his business partner organised school visits and guest lectures to complement their talent adoption program.
Tahn SharpeAugust 16, 2021
Advice
The best time to prepare for bumps in portfolio returns is right now
Navigating market volatility is not a matter of coaching clients in the moment, it’s about the engagement leading up to the uncertainty – an adviser and portfolio manager share their stories.
Matthew SmithSeptember 6, 2021
7 March, 2022
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.
6 - 7 June, 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.
Superannuation
Investing in a YFYS world (it’s rosier than you think)
It is easy to bemoan the loss of portfolio flexibility created by the poorly designed Your Future, Your Super (YFYS) performance test. But, viewed through a positive lens, there is now a fascinating challenge to integrate the impact of YFYS into a fund’s updated investment model.
David BellSeptember 15, 2021
Profiles3
‘We treat accountants as friends’: PWG’s Mathew Cassidy
The Melbourne outfit has grown from $90,000 revenue in 2003 to $25 million in 2021 on the back of a tri-modelled referral arrangement with accounting firms. Co-founder Mathew Cassidy says it's these relationships that have kept the business growing despite a "complete overkill" regulatory environment.
Tahn SharpeJune 23, 2021
Profiles
The counsellor’s journey to advice: Antoinette Mullins
Helping kids cope with trauma-related violence in South Africa set this young woman on a path to listening and connecting with people on a deeper level. It didn’t take long for Antoinette to find her true calling in financial advice.
Tahn SharpeApril 22, 2021