More than money: Financial advice in a crisis
Clients are depending on their advisers for more than just investment advice in this unprecedented time, but there is a fine line in the psychology of support that shouldn’t be crossed.
March 17, 2020
Brokers worried best interests duty will drive low-quality loans
Best interest duty for mortgage brokers is a step forward for an industry moving towards professionalism, but it could also mean a shift towards cheap and ill-fitting loans agreements.
March 13, 2020
Inside UniSuper’s intra-fund advice strategy
UniSuper's intra-fund advice strategy is an example of how industry funds are growing their membership base and funds under management via their own salaried advice model.
March 12, 2020
Are you (really) a long-term investor?
If you could demonstrate investor skill making short-term allocations, avoiding pitfalls, and making small but positive incremental improvements, you could build successfully to a long-term outcome.
March 12, 2020
‘We may reconsider’: ASIC invites feedback on annual opt-in, disclosure
The regulator this week encouraged firms to provide data on how annual opt-ins and non-independence disclosure will affect consumers. The relative font size of the latter may prove to be one of the quirkier bones of contention.
March 11, 2020
Morningstar ramps up advice push with Finametrica buy
The global investment research firm, which bought Australia’s AdviserLogic last year, extended its reach into the industry by picking up the Canadian software firm that owns the Finametrica profiling tool.
March 11, 2020
How to hire well (or at least increase your chances)
When it comes to hiring you want to do it well, do it fast, and do it for a decent price. But you can only have two of those three things according to Sarah Penn.
March 10, 2020
Timeshare tactics revealed: ‘Completely generic’ SoAs
Ex-timeshare operators are lifting the lid on the sector and making a buck helping consumers get out of burdensome contracts, but AFCA is questioning whether these paid advocates are part of their problem.
March 09, 2020
Statutory fund for advice within reach: Longstaff
'There is a test playing out almost every day' and associations protecting the status quo are hampering the industry's efforts to progress, Simon Longstaff told the Ethics for Advisers podcast recently.
March 06, 2020
Time to rethink the ongoing fee model
The advice industry’s fearful reaction to draft legislation requiring explicit client approval for advice fees to be deducted from accounts annually suggests that advisers believe some clients may not pay or renew. Paul Barrett suggests its time for advisers to rethink the ongoing fee model.
March 05, 2020
