BT now in the business of enabling – not providing – advice
Platforms will be the focus for BT as the firm sees itself as an enabler of advice – but don’t expect it to make any acquisitions in the space.
January 20, 2022
Post-RC boon for independent platforms
Independent platform providers have seen significant growth as advisers turn to them with some of the large vertically integrated players leaving the industry.
January 20, 2022
Trust in advice hits post-Royal Commission high: CoreData
While not quite at pre-2018 levels, trust in advice is the highest it's been since the Hayne Royal Commission took its toll on the industry. CoreData's Simon Hoyle takes a look at the data behind the trend and details the 'big 5' drivers of trust for the year ahead.
January 19, 2022
Clients transferred as Dixon Advisory enters voluntary administration
The E&P Financial Group subsidiary expects to become insolvent due to mounting liabilities. Clients will be transferred to a "replacement service provider of choice", but no staff or client assets will be at risk.
January 19, 2022
HNW might be holy grail, but firms will have trouble chasing the space
The cost of advice has gone up leaving many firms to only service wealthier clients, but this is not a model that all firms will be able to replicate, according to Partners Private.
January 18, 2022
Bloated advice tech market correction touted for 2022
Experts predict that many of the niche wealth technology providers in the market won't be around by the end of the year as market forces take their toll, but some of those providers are thinking outside the box in an effort to remain viable.
January 17, 2022
Praemium: Still in the fight for scale
Selling part of your business might not seem the most logical way to gain scale, but Praemium sees a strong path of growth in the Australian market. Whether it will be organically or via M&A remains to be seen.
January 17, 2022
Client beliefs may not be factual but they’re still true
The lines between truth and belief have been blurred, which has consequences for every part of life including financial planning. Paul Moran investigates.
January 14, 2022
Associations concerned over PY education changes
Treasury has asked if professional year entrants should be required to complete a graduate certificate or diploma in a specialised field, but the AFA and FPA say there is little benefit from making this change.
January 13, 2022
Adviser numbers drop below 18k
The number of advisers on the FAR has reached 17,670 as ASIC awaits confirmation of the full drop-off of advisers who have not passed the adviser exam.
January 13, 2022
Consultation leaves door ajar on education carve-out
The proposal to water down education standards is not set in stone, with Treasury's consultation giving advisers the opportunity to have their say on whether the equivalent degree requirement for all should remain.
January 12, 2022
SCA calls for retirement products to be included in advice review
The Quality of Advice review should be amended to include retirement income products if the Retirement Income Covenant expands the suite of products available, says Super Consumers Australia.
January 11, 2022
