Industry should create YFYS-style managed account benchmarks: Lawler
The advice industry should work together to introduce a performance benchmarking tool for managed accounts similar to Your Future, Your Super before the government steps in, “potentially not doing it right”, says AMP Advice lead Matt Lawler.
March 16, 2022
Thematic ETFs supplanting traditional index huggers: Research
Once famous for allowing investors easy access to a broad selection of equities in a single product, ETFs are now becoming the preferred vehicle to gain coverage to thematics according to Investment Trends.
March 16, 2022
WT Financial Group touts growth for risk advice with Synchron acquisition
WT Financial Group is confident of future demand in the risk advice industry, backing Synchron’s future with a deal that could be worth up to $13 million, dependent on Synchron retaining advisers and revenue.
March 15, 2022
PI insurers could have last say on crypto’s place in APLs
Prominent industry providers and researchers are warming to the idea of giving crypto-assets a place on APLs and in portfolios, yet the ultimate decision will likely be made by professional indemnity insurers.
March 15, 2022
Product advisers ‘tying themselves in knots’ over regulation
"Everybody's allowed to design their own service," Claire Wivell Plater says. "If I go to a Toyota dealer, I know they only sell Toyotas, I don’t go there looking for a Hyundai or a Mercedes... That’s what an avowedly vertically integrated business looks like."
March 14, 2022
Leverage client personality for their own good
There are two key personality traits that impact clients - self control and optimism - and financial advisers can leverage both to develop appropriate advice. Griffith University's Katherine Hunt writes for Professional Planner.
March 14, 2022
Quality of Advice Review terms of reference finalised
Professional standards will not be under the scope of the review, but as promised there will be a strong examination of the compliance burden faced by the industry.
March 11, 2022
Binary YFYS test puts advisers in a tough spot
The pass/fail assessment of the performance test means advisers are left in a precarious spot as exiting a failed fund may not necessarily be in the best interest of the client according to a panel.
March 11, 2022
Banks’ advice foray ‘misconceived’: Tucker
A lack of vision around the value of advice led to the downfall of the banks' tenure in the sector according to Koda Capital founder Steve Tucker.
March 10, 2022
New AFCA funding model aims to reward low complaint advice sector
The majority of investment and advice members will either see a reduction or unchanged annual fees under AFCA’s newly proposed model which seeks to reward sectors with fewer complaints.
March 10, 2022
