People ahead of products key for advice success: Dimensional
Survey feedback from asset manager Dimensional has confirmed that clients see the value of advice only when they are at the centre of the relationship; product isn’t a priority for them and advisers are seeing success only when they don’t have it as a key priority.
July 25, 2022
Iress’ Walsh to retire; successor named
The 13-year tenure leading Iress has come to an end for Andrew Walsh with inaugural PEXA group CEO Marcus Price to take over in October.
July 25, 2022
Solely relying on recurring revenue to value practices ‘flawed’
Advice practices looking to value business for succession planning must get their valuation strategy right because solely relying on recurring revenue isn’t sufficient according to a business coach.
July 22, 2022
Majority of advisers find risk claims stressful
A majority of advisers find life insurance claims stressful but so do their clients, according to a study from TAL. Around two-thirds of advisers surveyed stated they’d like to be more confident handling claims which the research showed would benefit how clients feel during the process.
July 22, 2022
‘Technique not technical knowledge’ preventing exam success
Advisers struggling with the adviser exam should focus on exam technique rather than technical knowledge, a former national manager of the FASEA exam tells candidates preparing for the next exam.
July 21, 2022
‘We’re playing the long game’: Lonsec to acquire IPL
Backing what it believes will boost efficiencies for advice practices, research and ratings house Lonsec is acquiring managed account provider Implemented Portfolios Limited. The acquisition is further evidence the research industry sees the value of the growing MA industry.
July 21, 2022
Time to consider personalised withdrawal rates
The overarching theme of super funds' retirement income strategies is the need for advice because a one-size-fits-all approach to retirement won't work, writes Annika Bradley. Advisers know this because they have been providing personalised retirement strategies for years to help retirees calculate how much they need to spend annually.
July 20, 2022
Give farmers subsidised advice: FPA
The Financial Planning Association has recommended the government provide financial assistance for farmers to receive financial advice during times of crisis.
July 19, 2022
QLD, NSW worst hit by investment fraud
Data from Scam Watch highlighted the need for advice from registered financial advisers with Queensland, New South Wales and the Australian Capital Territory being the worst affected by financial scams.
July 18, 2022
Majority of advisers are tertiary educated… just not with approved degrees
Most advisers on ASIC’s Financial Adviser Register have some form of tertiary education but less than one-in-five have a FASEA approved qualification according to research from Wealth Data. The disparity will likely change over the next five years, but that is dependent on financial services minister Stephen Jones’ experience pathway.
July 18, 2022
