Tech enabled, hybrid advice model emerges
Ashleigh Swayn and his partner offer limited advice for a low, transparent price, but it is digital enablement and low overheads that afford them four months of travel per year.
June 11, 2019
Risk profiling needs to get smarter: Academic
Katherine Hunt says it’s “quite strange” that advisers tend to use the same old academically untested risk profiling tools. No wonder, she says, they keep providing the same biased results.
June 07, 2019
Code monitoring a ‘good thing’: FPA
The FPA’s CEO lauded the proposed code monitoring arrangement for its ability to bring all advisers under the same ethical standard. ‘No one gets to choose not to be involved’, he said.
June 06, 2019
Code of Ethics ‘impossible to manage’: AFA
The AFA’s policy head, Phil Anderson, highlighted several problems with FASEA’s Code of Ethics including its blanket restriction on conflicts and lack of scope for scaled advice.
June 05, 2019
600 advisers registered to make history in first FASEA exam
A group of retired advisers will do a test run of FASEA’s new exam to check it’s fair before 600 advisers become the first to complete the gateway qualification this month.
June 04, 2019
Satisfaction with institutional licensees craters
Advisers are disillusioned with institutionally owned licensees, according to research presented by CoreData, which shows satisfaction levels have dropped below 25 per cent.
June 04, 2019
Advisers adrift: The top ten licensees in 2019
The top end of this year's licensee list is notable for the stalled exits of the big banks and a surge in numbers for limited license advice providers. We pick apart the ups and the downs of this year's top ten.
June 03, 2019
Sentry Group sharpens pencil with ASIC action
After years spent completing an ASIC enforceable undertaking for their newly acquired WFS licensee, Sentry CEO David Newman says they’re stronger than ever.
June 03, 2019
ASIC considering better general advice warnings
General advice labels are too broad, according to the regulator’s Joanna Bird, and increased misuse by product providers is forcing them to consider stricter definitions.
June 03, 2019
Licensee owners’ list 2019
From big banks on a steep decline to surging converged models and a slew of burgeoning dealer groups, this year’s full licensee owners’ list is a movable feast of advice groups influx.
May 31, 2019
The advice industry’s supply-side problem
New education standards and a recent cut-off for new entrants into the industry means there are fewer advisers, which in turn is making it difficult for businesses to fulfil their growth ambitions.
May 31, 2019
