Industry
Adviser salaries set to soar as industry contracts
Average salaries for advisers are expected to jump from the $90k to $130k band up to between $120k and $150k in 2021 as the adviser cohort shrinks further. But income is only the fourth most important consideration for advisers in the pandemic era.
Tahn SharpeJanuary 27, 2021
Profiles
‘It’s just too hard to stay in the insurance advice business’
As the planner exodus continues, Professional Planner talks to Jeremy Wright, a 59-year old insurance adviser set to abandon his ASIC registration on January 1, 2021. “This is like a bloody communist state,” he says.
Tahn SharpeJanuary 22, 2021
Profiles
Cardena’s Kilborn trades travel for more time in the business
After tearing up a full travel itinerary last year, Jonathan Kilborn has had a chance to spend more time with clients and reflect on Cardena’s internal processes while his team has worked from home more, Nina Hendy writes.
Nina HendyJanuary 22, 2021
Regulation
AFA requests ‘cross government and industry’ panel
The AFA has proposed a working group be established containing representatives from Treasury, the regulator and industry to keep abreast of regulatory developments in its submission to ASIC's consultation on advice access.
Tahn SharpeJanuary 21, 2021
Industry
Licensees self-interested, more concerned with revenue: SMSF Association
CEO John Maroney conveyed the association's dim view of AFSLs in a submission to ASIC's consultation on access to affordable advice, as well as some suggestions for ASIC about its image in the industry.
Tahn SharpeJanuary 20, 2021
Industry
Advisers question FASEA’s professional year set-up
Without institutional support, advisers question whether FASEA’s professional year is really fit for purpose and if tweaks to the way it’s structured are required to fill the industry’s much-needed pipeline for new talent.
Tahn SharpeJanuary 19, 2021
Industry
AMP provides external coaching for 80 advice practices
AMP Australia’s managing director of business partnerships, David Akers, tells Professional Planner the institution’s wealth division is making external consultants available to help advisers adapt to the new market landscape.
Tahn SharpeJanuary 18, 2021
“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
Investment
Still on the fringe: Researchers weigh in on crypto
There's nothing to suggest crypto currencies will be a mainstay on approved product lists or make their way into model portfolios any time soon, with most researchers still uncertain about many features of the asset including its value.
Matthew SmithJanuary 14, 2021
Investment
The great reset: An industry emerges from crisis
Unprecedented quickly became the description de jure for what was happening all around between March and May this year as superannuation was drawn on, funds were tested and central banks through everything including the kitchen sink at the problem - Professional Planner reflects on the year that was.
Matthew SmithDecember 17, 2020
Investment
The 17 standards reshaping investment
It’s in measuring and understanding the sustainability trade-offs companies are making where the sophistication comes in from investors, experts on a panel at Professional Planner's recent Researcher Forum agreed.
Matthew SmithDecember 10, 2020
Education
Kaplan doles out free FASEA exam prep tools
Education provider Kaplan has announced free examination support for advisers who are yet to successfully complete the FASEA exam requirement, which all advisers must do before January 1, 2022.
Tahn SharpeJanuary 22, 2021
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.
Tahn SharpeOctober 2, 2020
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.
Tahn SharpeSeptember 14, 2020
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
July 27, 2021
Best Practice Forum
SUITABLE FOR: Financial planning practice owners and principals.
The Professional Planner | Financial Planning Association Best Practice Forum taps into the experience and insights of practice owners, principals, consultants and other industry participants to deliver leading-edge thinking on financial planning best practice.