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Advice
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‘Not going to cut it’: Advisers can’t restrict themselves to under 100 clients

Without an influx of new talent coming in, the industry will be left with the challenge of boosting client capacity to bridge the advice gap. This means having 80 to 100 clients per adviser will not be sufficient according to Elixir Consulting managing director Sue Viskovic.
Technology

Insignia maintains platform dominance

Insignia Financial has maintained top spot in platform funds under management after its acquisition of MLC Wealth consolidated a fifth of the market according to data from Plan for Life.
Industry
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Industry
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AMP adviser associations merge

The Advisers Association, formerly known as the AMP Financial Planning Association, has merged with Charter Financial Planning representative group the Authorised Representatives Association.
Industry

XY Adviser mulls name change amid global expansion

Social media platform XY Adviser is in the process of changing its name as it pursues a “global mandate”. What started out as a way for younger advisers to gain knowledge and network digitally has now grown up into a fully-fledged global operation.
Regulation
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Regulation

Insignia proposes centralised certification for advisers

In its submission to the advice review Insignia has suggested advisers be issued with a certificate to practice by a centrally regulated body. It argues this would improve consumer confidence and trust, but it is also not a replacement for the AFSL system.
Opinion
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Opinion

Scope with care: In advice, context is crucial

Effective, compliant advice needs to follow a scope-to-goals approach in a structured, repeatable and defendable manner. The industry needs to get this right quickly, and certainly before the potential proliferation of scoped advice models, or risk reverting to the olden days of product flogging.
Opinion

Australians leaning towards Labor for financial services vote: CoreData

With the race to the federal election heating up, voters have shown a tendency to trust the ALP on issues to do with security, continuity and accountability in the financial services industry according to CoreData.

Listen to our new Ethics for Advisers series

On Practice
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Industry

Improved pass rate for adviser exam

After the adviser exam pass rate cratered in January, the second iteration of the ASIC exam has seen an improvement to 43 per cent. 93 per cent of advisers registered on the ASIC Financial Adviser Register have now passed the exam.
On Practice

‘It’s not about overcharging’: Advisers should back the value they offer

Clients are willing to pay for services if they know it offers value; with client reviews being one of the best opportunities to show the benefits of having an adviser, there shouldn’t be any hesitation in charging accordingly says Plutosoft business development lead and former adviser Vincent Holland.
Upcoming events
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1 December, 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.

Advice
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Superannuation

No reason for industry funds to distrust advisers: Weaven

Advice is less “polluted and corrupted” now that conflicted remuneration has ended, according to Industry Fund Services founding executive chair Garry Weaven. For this reason, he said, there is no reason that industry superannuation funds should be cynical about advisers.
Profiles
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Industry

Shuttleworth on Centrepoint’s future and what he tells his daughter’s boyfriend

The industry veteran got a warm start at Centrepoint after working as a consultant with the board, which came in handy when talks to buy Clearview's advice network gathered pace. He speaks to Professional Planner about running the now-fifth largest licensee in Australia and the sage words of advice he had for his daughter's university-age boyfriend.  
Profiles

Leading from 35,000 feet – treat your board as your best advisers: Alan Joyce

Qantas CEO Alan Joyce stressed the key to leading during times of crisis is seeing the big picture and tapping the experience of your own top table.