Industry needs to overhaul its image to grow: Sequoia CEO
The chief executive of the ASX-listed financial services company admits the industry continues to battle with an image problem three years after the Hayne royal commission handed down its findings.
August 22, 2022
Kaplan eyes paraplanning qualification to boost adviser pipeline
With a thin pipeline of new entrants coming through the system, education provider Kaplan Professional has launched a new dedicated paraplanner qualification to help support staff upskill.
August 22, 2022
Associations should have regulated education: Robert
The new opposition financial services minister Stuart Robert says the major associations coming together to accredit education and experience as part of the education standard would have been a better outcome in hindsight. It follows comments made earlier in the week that the Coalition government “got it wrong” on FASEA.
August 19, 2022
Iress advice revenue boosted by ‘modest’ price increase
Fintech provider Iress increased the price of Xplan as inflation rose, which has seen a revenue rise during the first half of the calendar year.
August 18, 2022
Sequoia touts market share boost amid industry attrition
Despite the diminishing market of advisers, Sequoia has seen its market share almost double since the end of the Hayne royal commission. The firm believes the opportunity in licensee services and advice has never been better.
August 18, 2022
Magellan works to retain talent amid rocky period
Retaining talent has been a priority in the second half of the financial year for Magellan Financial Group including offering lucrative loyalty bonuses for employees that stay over the next couple of years. Additionally, it will prioritise adding more skill and expertise to its board.
August 17, 2022
BlackRock and NAB Private Wealth collaborate on low-cost ETFs
NAB Private Wealth and BlackRock have partnered to launch three new ETFs which aim to add to the solutions for low balance clients who don’t fit the needs for holistic advice.
August 17, 2022
A little behavioural finance knowledge is a dangerous thing
In financial planning (like any relationship), the bulk of ‘getting to know’ activity happens at the start, but advisers must continuously strive to know their clients better to avoid costly assumptions Paul Moran writes.
August 16, 2022
Significant revenue boost for WTFG after Synchron acquisition
WT Financial Group’s acquisition of Synchron and Sentry Group has created over $100 million in revenue in FY22. Synchron contributed around a third of the total despite only being in the company 10 weeks of the financial year.
August 16, 2022
Smaller firms attempting to bridge advice gap
While Insignia Financial made headlines this month with the adoption of a digital advice solution which it says will help bridge the advice gap, a smaller player, specialist investment manager AZ Sestante has also launched its own digital investing solution.
August 15, 2022
Platform market ‘hotly contested’ but advisers desire better integration
The average number of platforms advisers use has reached a 10-year high of three, according to a report from Investment Trends. The research found advisers are fine with this as different platforms suit different clients, but integration between various tech services is still lagging.
August 12, 2022
