Adviser salaries eclipsed by rising inflation
Financial adviser salaries have not kept pace with inflation since the turn of the millennium, according to research from recruitment firm Recruit 2 Advice. In 2000, the average adviser salary was $110,000 which has risen to $165,000, but based on inflation it should be much higher.
July 10, 2024
Can advisers trust their software providers with data security?
In an era where security breaches and cyber incidents are a question of ‘when’ rather than ‘if’, advisers need to be particularly selective when choosing their technology providers.
July 10, 2024
Fintech Padua appoints key accounts director
Financial technology firm Padua has appointed Katie Cirjak as key accounts director.
July 10, 2024
MetLife announces product updates
MetLife Australia has announced updates to MetLife Protect and MetLife Protect Super, effective from 30 June 2024.
July 10, 2024
Financial future of next gen front-of-mind for clients
Amid a cost of living and housing crisis, clients are becoming more worried about their children’s financial affairs more than their own. This presents an opportunity for advisers to assess how much help those clients can offer without impacting their own retirement goals.
July 09, 2024
REST increases investment in real estate debt
REST has upped its investment in Australian asset manager Metrics Credit Partners’ Real Estate Debt Fund (REDF), which will be deployed into Australian commercial real estate loans across sectors including residential, industrial and specialised real estate assets.
July 09, 2024
Bombora appoints growth manager to bolster risk network
Bombora Advice has appointed David Mounsey as business growth and development manager, a newly created role to strengthen Bombora’s risk specialist marketplace.
July 09, 2024
Business is increasingly risky, giving good advice is not
The biggest risks facing advice businesses are not what advisers think they are, Entireti Group’s Neil Younger writes. However, this doesn’t preclude practices from taking a proactive approach to mitigating risk.
July 08, 2024
Advisers cop another multi-thousand-dollar ASIC levy
FY24 ASIC levy figures released by the regulator show the high cost will stay for another year. The figures come just a week after a Senate committee led Liberal Senator Andrew Bragg recommended shifting the funding model to being reliant on the proceeds of regulatory fines and penalties.
July 08, 2024
AMP appoints head of retirement solutions
AMP has hired Estelle Liu as head of retirement solutions, a newly created position as AMP bolsters its retirement capabilities.
July 08, 2024
Iress infuriates advisers with quiet changes to exit terms
Iress has quietly changed the terms for ending a service agreement to use Xplan – advice practices now only have a 30-day window leading up to the anniversary date of their service agreement to cease the contract – otherwise they are on the hook for a full year of expenses. Iress says this better aligns with standard practice for tech suppliers.
July 05, 2024
