Apps to become key SoA delivery tool
From paper documents to PDFs, SoA delivery has come… not far, really. The next, long overdue leap will be apps that both deliver advice and record the client’s level of understanding.
November 18, 2019
ASIC announces 3-year code monitoring hiatus
The extended exemption from compliance scheme membership could indicate either an anticipated delay in the new body’s formation or a grace period for advisers.
November 15, 2019
NAB underestimated MLC separation
Spinning off NAB's wealth arm was "simply not possible" within the time frame the bank originally laid out, Phil Chronican revealed to the house of reps standing economic committee.
November 15, 2019
FASEA faces heat at Sydney consultations
The authority’s CEO and board members have had a challenging week debating conflicts, referrals and remuneration with a slew of fired-up industry representatives.
November 14, 2019
ASFA boss defends super against ‘contagious false narrative’
ASFA boss Martin Fahy has hit out against critics of Australia’s superannuation system, warning that it is currently in the grip of a contagious false narrative which risks undermining retirement outcomes.
November 14, 2019
NewCo headed for abandonment
CBA's wealth management spin-off is on life support after it was announced the man charged with leading the new venture, Jason Yetton, would leave the business in January without a replacement.
November 13, 2019
Self-built CRMs put providers on notice
API technology is giving advice firms the ability to build and scale their own client management tools and hold other providers accountable, according to Lifewealth CEO Jason Harwood.
November 13, 2019
Flush market sparks sequencing alert for pre-retirees
The eventual end to an unprecedented bull run presents a higher degree of sequencing risk for those approaching retirement, according to Fidelity’s Richard Dinham.
November 12, 2019
The winemaker & the adviser: In their own words
Eighty-seven year old wine maker Jim Irvine’s capacity for risk has not only propelled him to the top of his professional game, it’s also led to decades worth of interesting share market conversations.
November 11, 2019
Surging HNW segment, meet shrinking advice pool
There are now almost 500,000 Australians with over $1 million to invest according to Investment Trends, and their preference is shifting from brokers and bankers to holistic advisers.
November 08, 2019
MLC split beckons despite weak NAB earnings
Progress is being made in the divestiture of MLC, NAB’s acting CEO said on the bank’s full year results call, despite the damage wealth management is still doing to its bottom line.
November 07, 2019
Advisers pressured to get the jump on commissions ban
Reputational concerns are motivating advisers to get ahead of the grandfathered commissions repeal date according to Sue Viskovic, but the list of considerations is long and daunting.
November 06, 2019
