Lack of time to think leads to dumb things happening
A tight window of reform has meant the government has tried to cram a bunch of consultations for industry approval over the holiday break with limited chance for response. While these changes may not have nefarious implications, Tom Ravlic writes forcing them through a tight window when the industry winds down does not come across as the most transparent reform process.
January 12, 2024
The circle of (business) life and ongoing succession plans
Taking over a small boutique business more than six years ago, Wakefield Partners senior advisers Lynette Anderson and Scott Keeley completed a succession plan and licensee switch at the same time. With that transition settled and in the past, they believe it’s important to have their own succession mapped out.
January 12, 2024
FAAA backs changes to financial adviser exam
The Financial Advice Association Australia (FAAA) has backed the government’s proposed changes to the financial adviser exam, saying it makes it simpler and potentially cheaper to sit.
January 11, 2024
Breaking down the walls to self-regulation
Financial advice has a history of change being pushed onto it from outside, usually by government. It’s time for the conversation about whether advisers are prepared to take on the challenge of achieving self-regulation and taking control of their own standards and discipline.
January 11, 2024
Death and data open doors to a new generation of clients
Australian’s ageing population creates an opportunity for advisers to win over their clients’ children. It takes time to build trust, and it won't happen automatically, but an effective intergenerational advice strategy starts with good record keeping.
January 11, 2024
Centrepoint chair resigns after four months in the role
Chair of ASX-listed financial advice licensee Centrepoint Alliance, Simon Swanson, has resigned effective immediately, after taking over the role in August last year.
January 11, 2024
Advocacy or accountability? FAAA to assess its core purpose
Fresh from a successful merger, FAAA members now have another important issue to consider: whether to remain a membership-based association, or to take the plunge and assume responsibility for true self-regulation, which some argue is the last piece in the professionalism puzzle. Either way, CEO Sarah Abood acknowledges the association has work to do to ensure a vibrant profession in future is larger than it is today.
January 10, 2024
Endeavour Securities directors fined $390k by ASIC
Coporate watchdog ASIC has ordered four current and former directors of Endeavour Securities and Linchpin Capital Group to collectively pay $390,000 in penalties.
January 10, 2024
UniSuper ‘ready to roll’ with expanded financial advice model
Following the government’s response to the Quality of Advice Review, UniSuper is primed to rollout out its strategy of expanding its financial advice offering to members. The fund’s head of advice, Andrew Gregory, says there will be a strong focus on a hybrid approach that grows out the digital advice model rather than human footprint.
January 10, 2024
SG Hiscock & Company nabs UniSuper talent as group CIO
SG Hiscock & Company has appointed UniSuper talent Robert Hogg as group chief investment officer, taking over from executive chair Stephen Hiscock.
January 10, 2024
Koda’s ‘Pathway to Partnership’ built to retain talent
Koda Capital believes it has a solution to the risk that advice practices face in taking on non-revenue-generating Professional Year advisers who become attractive targets for other firms once their training commitments are completed. CEO Paul Heath says it also aids in succession planning for the firm.
January 09, 2024
