Advisers mull whether ‘baby advisers’ are a threat or opportunity
The Financial Advice Association has underscored the importance of establishing a clear line between holistic advisers and “qualified advisers” or what CEO Sarah Abood has called "baby advisers", but also how independent advisers could leverage potential benefits. The association hopes to see more draft legislation by the middle of the year.
March 08, 2024
Govt opens consultation on super performance test
Treasury has released a consultation paper on the superannuation performance test, addressing concerns from funds that the benchmarks are restricting their investment choices.
March 08, 2024
Back from the dead? Why diversified funds could lead to better results
The growth of other investment vehicles like managed accounts might lead to the perception balanced funds are a relic of the past – like VHS tapes or rotary phones – but the role played by diversified managed funds in any multi-asset portfolio is more essential than ever.
March 08, 2024
Advisers better placed than doctors to assess client mental acuity
The tightknit bond advisers have with their clients means they are in a unique position to assess the change in the cognitive level of the people they serve, even before medical professionals have the chance to, according to BlackRock US Wealth Advisory head of advisor engagement Elizabeth Koehler.
March 07, 2024
Incumbent on everyone to reduce advice gender gap
On International Women’s Day, it’s an important reminder on the systemic gender gap in financial advice. But while today should rightly focus on the achievements in women advice, more responsibility needs to be placed on men in leadership roles to help pave the way to help women achieve their career goals.
March 07, 2024
Revenue per client up 8 pc since 2020: Research
The average revenue per client for financial advisers is $3852, an increase of eight per cent since 2020, while the number of clients per adviser sits at 141, according to the latest Business Health ‘By The Numbers’ report.
March 07, 2024
FAAA to continue female mentoring program in 2024
The Financial Advice Association is set to continue with its Women in Financial Planning Mentoring Program in 2024 and is looking for sponsors after government funding was not renewed.
March 07, 2024
‘Real grudge’ life insurance wasn’t valued by govt: AIA boss
AIA chief executive Damien Mu says he holds a grudge because life insurance wasn’t valued enough by government. But with the raft of changes via the Quality of Advice Review and Retirement Income Covenant, he believes insurance – and the role advice will play – will be part of the overall solution to fulfilling better retirement outcomes for Australians.
March 06, 2024
SMSFs up on the downsizers, but other strategies underutilised
More SMSFs are taking advantage of downsizer strategies, according to research from Class, but there are still underutilised, like super splitting, which could have further benefits down the line when it comes to estate planning.
March 06, 2024
