FinaMetrica, the world’s leading risk profiling software provider for financial advisers, has won a high-profile international award at the Family Wealth Report Awards and the Australian-based business expects to win more accolades for its software which aims to entrench best practice in the advice process. FinaMetrica won the award for best Risk Profiling Solution, which … Read more
New research commissioned by Women in Super and conducted by Rice Warner reveals a yawning retirement savings gap for Australian women and the inability of females to set aside voluntary contributions towards a better retirement nest egg. Rice Warner analysis shows that the retirement savings gap for women of working age is currently at a … Read more
Regional Chapters of the Financial Planning Association (FPA) are being called on to help allocate $70,000 worth of grants, based on their strong community roots and local knowledge. Marking a new decision-making process for the Future2 ‘Make a Difference’ grants, the Regional Chapters will be involved in appointing the final grant recipients and reviewing eligible … Read more
Rubik Financial Limited (Rubik, ASX:RFL), Australia’s largest provider of financial services software by number of clients, has transitioned one of its largest institutional clients to the cloud. The client, having previously hosted COIN in-house, is today fully connected to a superior operating environment following a successful transition over the weekend. The ASX-listed top 50 company … Read more
The SMSF Professionals’ Association of Australia (SPAA) and Macquarie have launched a new in-depth survey to understand how financial advisers, accountants, administrators and stockbrokers structure their SMSF businesses. The survey aims to provide a current picture of the industry to identify the diverse range of business models in the sector. The initiative is intended to … Read more
Cbus Super has welcomed a ‘Recommended’ rating by retail ratings house Lonsec* in a first for an industry superannuation fund. The rating further progresses Cbus’ FPA Professional Practices referral program pilot which has seen Cbus partnering with the Financial Planning Association for the provision of financial advice to Cbus fund members. Lonsec has assigned a … Read more
Financial advisers play a vital role in helping consumers reach their financial goals, according to 2012 AFA Female Excellence in Award winner, Christine Hornery, director of FMS Group, and could be counteracting current anti-adviser sentiment by having conversations with their clients that demonstrate the value of what they do. “During difficult periods, such as market … Read more
BetaShares’ popular ASX-traded fund, BetaShares Australian Top 20 Equity Yield Maximiser Fund (managed fund) (ASX Code ‘YMAX’), has been upgraded from ‘Investment Grade’ to “Recommended” by Lonsec. YMAX, which implements a buy-write equity income strategy seeking to boost yield and reduce volatility over a portfolio of 20 blue-chip shares, was described by Lonsec as an … Read more
Research by leading global professional services company Towers Watson and The University of Melbourne has found a significant number of Australians are unlikely to achieve adequate retirement incomes, even when all sources of savings are considered. Based on data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey, and targeting Australians aged 40 … Read more
ASIC has banned Victorian-based financial adviser, Mr Allan Burt Vissenjoux, from providing financial services. Mr Vissenjoux, who is an undischarged bankrupt, has been banned from providing financial services until 29 May 2016. The ban expires when Mr Vissenjoux’s bankruptcy ends. Mr Vissenjoux was most recently an authorised representative of Total Financial Solutions Australia Ltd until … Read more
Rubik Financial Limited (Rubik, ASX code: RFL), Australia’s largest provider of financial services software, has completed the acquisition of Easy Dealer group’s revenue and commission management software business. Strategic Importance Revenue and commission management software for Australian Financial Services Licensees and financial planning practices provide automated management of revenue, including commissions and client fees as well as relevant business information reporting. Rubik … Read more
A new association has been formed to help advisers incorporate real return strategies in their businesses and provide practical guidance in the areas of regulations, insurance, portfolio construction, implementation and administration. The Association of Real Return Investment Advisers (ARRIA) assists advisers in the practicalities of building, implementing and incorporating client investment portfolios that can better perform … Read more