If the success of the Code of Ethics is marked by an industry that can self-regulate and hold itself to account then we are a way off, Paul Moran, a self-licensed practice owner describes alongside UNSW’s Tracy Wilcox. Moran raises the possibility that a transition to this future state could be aided by a two-tiered approach to regulation.
No single model wins: advice ownership set to stay diverse
The ownership and structure of financial advice businesses will remain varied and diverse in coming years. Whether it’s employee-owned, consolidation into so-called “super firms” or even fragmentation as established teams spin out into their own businesses, no single model is likely to dominate.
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