Wealthy Australians hope to leave a legacy but too few have a plan
More than 80 per cent of high net worth individuals say they intend to leave a legacy, but only one in five have a plan to do so, according to new research from Generation Life. Heath Hebenton of Finextra Wealth says it is incumbent on planners to ensure clients are prepared and can meet their estate planning and charitable goals.
October 05, 2023
The rationale for opening up financial advice post-QAR
In the wake of the Quality of Advice Review, there's a strong case for opening up the advice field to a wider range of players. BT chief executive Matt Rady argues that financial advisers should not be threatened by this idea - in fact, they should embrace it.
October 05, 2023
Millennials open to financial planning benefits: FPSB report
A global report from the Financial Planning Standards Board shows that two out of three Gen Y individuals are considering paying for financial advice, indicating their recognition of the need to manage their money as they prepare to inherit unprecedented levels of intergenerational wealth.
October 04, 2023
Headed east: How Italian money will help TWD go national
Troy MacMillan set up The Wealth Designers 13 years ago, and now he has an equity partner on board that he believes will help the business achieve its growth ambitions and fulfil his vision of operating a national advice business.
October 04, 2023
ASFA names Leeanne Turner interim CEO
The Association of Superannuation Funds of Australia (ASFA) on Wednesday Leeanne Turner as interim CEO of the association. Gary Dransfield has also been reappointed chair.
October 04, 2023
Challenger signs its first sponsorship deal in Australian sport
Investment management firm Challenger has signed on as an exclusive three-year naming rights partner of the PGA Tour of Australasia – its first sponsorship deal in Australian sport.
October 04, 2023
Analysing the discipline dished out to advisers
Critiquing the discipline dished out by the Financial Services and Credit Panel is all part of a day's work for ACT-based adviser Michael Miller, a self-appointed analyst of the panel's decisions. As a fan of continuous improvement for the industry, Miller's conclusion is that the industry is better off for the panel's interventions.
October 03, 2023
Betashares to continue managing insto money after super foray
Betashares will keep working with all of its existing clients, including a handful of superannuation funds, after it enters the market itself with the pending acquisition of Bendigo Bank’s super business. The move bucks the trend set by rival Vanguard, which abandoned an estimated $100 billion worth of segregated mandate accounts ahead of its retail super push.
October 03, 2023
APRA and ASIC release FAR info package
APRA and ASIC have jointly released a comprehensive information package to assist the financial services sector in implementing the Financial Accountability Regime (FAR).
October 03, 2023
Paul Watson to leave Hostplus in November
Hostplus group executive of member experience Paul Watson has announced his decision to step down from his role in late November.
October 03, 2023
Principals Community carves out space in self-licensed world
One of the major downsides to self-licensing is a lack of community for advisers. Almost two years since departing institutional ownership, The Principals Community managing director Kon Costas believes this has issue has become even more pronounced in the current licensee landscape.
September 29, 2023
Exam results give minor push to adviser numbers
Over two dozen new entrants have joined the ASIC Financial Adviser Register over the past two weeks as provisional advisers make their way into the industry, according to research from Wealth Data.
September 29, 2023
