Cardena’s Kilborn trades travel for more time in the business
After tearing up a full travel itinerary last year, Jonathan Kilborn has had a chance to spend more time with clients and reflect on Cardena’s internal processes while his team has worked from home more, Nina Hendy writes.
January 22, 2021
AFA requests ‘cross government and industry’ panel
The AFA has proposed a working group be established containing representatives from Treasury, the regulator and industry to keep abreast of regulatory developments in its submission to ASIC's consultation on advice access.
January 21, 2021
Schroders touts alternatives to ‘lousy’ defensive returns in 2021
There’s no silver bullet to poor returns on defensive assets, according to Schroders Simon Doyle, but the "big middle" between high quality bonds and equities is fertile ground if you can stomach a trip down the capital structure.
January 21, 2021
Licensees self-interested, more concerned with revenue: SMSF Association
CEO John Maroney conveyed the association's dim view of AFSLs in a submission to ASIC's consultation on access to affordable advice, as well as some suggestions for ASIC about its image in the industry.
January 20, 2021
AMP provides external coaching for 80 advice practices
AMP Australia’s managing director of business partnerships, David Akers, tells Professional Planner the institution’s wealth division is making external consultants available to help advisers adapt to the new market landscape.
January 18, 2021
Hume rallies the adviser troops on ASIC consultation
ASIC's consultation on advice access has the potential to be a "transformational undertaking", the newly promoted minister tells Professional Planner. The key, she reckons, will be getting advisers to tell their stories.
January 15, 2021
Still on the fringe: Researchers weigh in on crypto
There's nothing to suggest crypto currencies will be a mainstay on approved product lists or make their way into model portfolios any time soon, with most researchers still uncertain about many features of the asset including its value.
January 14, 2021
Top end of licensee list dwindles as AMP FP knocked off perch
The fall-off from AMP’s flagship licensee was expected, but it also highlights a stark trend; the big end of town is being levelled at a rapid rate and not even IOOF’s acquisitive position will restore the dynamic.
January 13, 2021
Half the advice industry yet to pass adviser exam: FASEA
The outgoing ethics and education authority reports 52 per cent of advisers on ASIC's registry have officially passed the adviser exam, leaving about half with less than 12 months to become qualified.
January 13, 2021
Lookback requests don’t mix regulatory standards: ASIC
The regulator denied using current regulatory standards for advice lookback reviews that involved older cases with different benchmarks. This comes as ASIC mulls abandoning the 7-year review period altogether.
January 12, 2021
AMP turns to practice mergers as takeover looms
AMP is reportedly more interested in consolidating small practices for scale than making them profitable, which could make it more attractive to potential buyers.
January 11, 2021
