Advice demand doubles in 5 years
Latest studies reveal that the need for advice has surged in the last few years, while existing clients are clamouring for engagement from their financial advisers.
September 17, 2020
Crowded platform market ripe for consolidation
The investment platform market looks due for adjustment as adviser numbers dwindle and more competitors jostle for a seat at the table. A wave of M&A activity and a race for operational scale could be required before the sector’s bright future is fully realised.
September 16, 2020
Court slaps $50M fine on MLC trustee
In ASIC's largest ever civil action, MLC Nominees and Nulis Nominees have been lumped with a combined $57.5 million worth of penalties after they duped hundreds of thousands of superannuation members into paying for advice that wasn't provided.
September 14, 2020
AMP brings in the culture consultants
Under pressure to make changes to its cultural settings, AMP has brought in diversity consultant Symmetra to conduct an objective review of conduct, policies, leadership and behaviour.
September 11, 2020
‘We don’t hire advisers, we build them’: Paul Ashworth
After coming out of the last recession with wind in his sails, Cameron Harrison Private managing partner Paul Ashworth reckons he has the experience - and the talent around him - to navigate this one.
September 10, 2020
Advice on the brink of standardised growth/defensive metrics
Work is underway - at last - to standardise the way growth and defensive assets are classified. The hope is that this will not only provide more certainty around portfolio construction, says David Bell, but enhance the way we define, measure and communicate risk.
September 09, 2020
Ray Dalio laments: ‘We’re at each others’ throats’
Despite the benefits of globalisation and capitalism, wealth inequality has created conflicts that can only be addressed with bipartisan policy and a focus on the common good, according to the high-profile hedge fund manager and philanthropist.
September 08, 2020
Intra-fund is no substitute for holistic advice
The emerging advice gap has reinvigorated industry discussions about the future of advice and the part super fund advisers will play. While intra-fund advice plays an important role in the financial system, the data shows it is no substitute for full service financial advice.
September 08, 2020
Structural rethink needed for advice industry
Advice regulation isn't particularly well-designed, but with some holistic thinking and a tweaked mandate for the Single Disciplinary Body the industry can reshape into something that is fit for purpose. Conrad Travers and Selin Ertac write for Professional Planner.
September 07, 2020
