Advice firm flips script on fundies
Queensland-based Elston started out as an advice business, grew into managed accounts and has recently launched its own unitised fund at a time when traditional funds managers are going in the other direction.
October 22, 2019
Costello says Future Fund ‘alert’ to market risks
Peter Costello said the board of the $165.7 billion Future Fund “remains alert” to growth and market shocks despite high allocation to risk assets.
October 22, 2019
Ethics code tightens screws on SoAs
Unnecessarily long or complex SoAs are highlighted in the second iteration of the Code of Ethics, which could increase the compliance burden and ultimately invite class actions.
October 21, 2019
FASEA recasts conflicts rules with new guidance
A focus on integration, dispensation for ‘ancillary products’ and a reference to the ‘duly remunerated employee’ mark standard three in the second iteration of FASEA’s controversial ethics code.
October 18, 2019
Get clear on the problem you’re trying to solve
Advisers who want to differentiate themselves in the eyes of clients and grow their practices need to get clear about the problem they're trying to solve because the easy pickings have now gone, David Haintz writes.
October 16, 2019
The beginning of the end for SOAs?
ASIC's latest report on disclosure reflects the significant shift in regulators and policy makers' thinking on how risks and conflicts should be communicated.
October 16, 2019
Prepare for ASIC to focus on small end of town
ASIC has spent a lot of its time since the Hayne royal commission trawling over client files and assessing advice processes at the big end of town, but that doesn’t mean its gaze won’t shift to medium and smaller licensees.
October 15, 2019
Inheritance tax ‘inevitable’
Australia is likely to have an inheritance tax in the near future, warns Stanford Brown CEO Jonathan Hoyle, and it’s something advisers should be talking about with their clients.
October 15, 2019
ASIC’s SMSF scare tactics ruffles feathers
The regulator has riled up the industry with a heavy-handed crackdown on unsuitable SMSF establishment, which some say lacks a balanced perspective and credible data.
October 14, 2019
De Gori ‘disappointed’ by code monitoring backflip
The head of the FPA expressed heartfelt disappointment at the government’s backflip on a code monitoring body solution. ‘We got so close’, he tells Professional Planner.
October 11, 2019
QE but not as you know it
The RBA’s intent to use quantitative easing is clear, says JP Morgan’s Kerry Craig, but it will likely take the shape of something much more unconventional that simple bond buying.
October 11, 2019
