Count firm acquires Melbourne accounting firm’s client book
Advice network Count has acquired the accounting client book of Business Accounting Melbourne via its subsidiary firm Kidmans Partners.
February 01, 2024
AMP confirms all advisers registered ahead of ASIC deadline
AMP is boasting that all of its roughly 900 advisers have fulfilled the obligation to be registered with ASIC before the original deadline. Group executive for advice Matt Lawler says this shows the value of larger licensees that can keep on top of the various obligations that can easily fly under advisers’ radar.
January 31, 2024
Govt looks to codify discretionary qualification powers
The government has released draft legislation giving the Minister for Financial Services discretionary powers to have non-FASEA degrees approved for advisers to meet the education standard. The updated law will allow advisers to have their existing qualification accepted not only by providing an academic transcript but also just a statement issued by the provider of the degree.
January 31, 2024
FAAA members hit with phishing email
The Financial Advice Association has warned its members against what appears to be a phishing email from CEO Sarah Abood on Wednesday.
January 31, 2024
Equity Trustees adds Clearview and Guild Super to client list
Equity Trustees has become the superannuation trustee of Clearview and Guild Super, adding $5 billion in funds under supervision.
January 31, 2024
FAAA publishes pre-budget submission
The Financial Advice Association has published its FY25 pre budget submission, with a focus on reducing the cost of professional financial advice.
January 31, 2024
Break out the shades – the future’s so bright
Revenue and profits are up, costs are static, and demand for a constrained supply of services is increasing. Now the gaze of policymakers is turning to the simplification of legislation, the future for a profession the data already says is in good financial health is looking even brighter.
January 30, 2024
Da Silva aims for gold in new research venture
Shedding the rigidity and lack of creativity that can arise from sticking religiously to fixed approved product lists, research veteran Rob da Silva aims to open the door to new research capabilities designed to be responsive, flexible and cost-effective for advisers, licensees and managers alike.
January 30, 2024
FSC chief executive joins OECD expert group on retirement
Financial Services Council CEO Blake Briggs has been appointed to the Private Pensions Expert Group of Business at OECD.
January 30, 2024
FAAA members awarded in Australia Day honours
The Financial Advice Association has announced Diana D'Ambra and Susanne Dahn have being made a member of the Order of Australia in the 2024 Australia Day Honours for their services to the business, finance, and banking industries.
January 29, 2024
Expect ‘pricing reset’ for advice tech
For its annual advice tech predictions, Finura anticipates a price reset from vendors with distribution streams changing amid the current fragmented advice landscape. Additionally, with AI seeing a boost in 2023 off the back of ChatGPT, the consultancy warns of “AI washing”, along with struggling ASX-listed wealth players getting picked up for a rebuild by private equity.
January 29, 2024
‘I undercharge probably half the time’
A firm believer in giving affordable advice, MJI Wealth director Matt Illana estimates he’s undercharging half his clients. While he anticipates gaining some benefits from the Quality of Advice Review reforms, it’s not a given it will reduce the cost to serve new clients because of the time it takes to fully understand their needs.
January 29, 2024
