ASIC shifts focus to MDA providers and advisers
The regulator sent out letters recently asking for information about MDA services in an effort to understand more about a side of the industry that is “largely opaque” to them.
May 29, 2019
Where portfolio completion begins
Total portfolio management is a portfolio completion strategy and all large asset owners should be looking to manage their portfolios this way, a panel at the Fiduciary Investors Symposium said.
May 29, 2019
Why the second 100 clients are far less profitable than the first
US adviser and industry heavyweight Michael Kitces gives his thoughts on the economics of growth in advice firms across the world.
May 28, 2019
Surge in adviser ‘switching’ expected: EY
New research indicates that while clients in Europe and North America will stick with their adviser in the next three years, those in Australia are a lot more inclined to switch.
May 28, 2019
Remediation lures exiting advisers
A financial services recruiter says firms don’t want ex-advisers as BDMs, but there are plenty of “six-figure” remediation roles with less risk and normal working hours.
May 27, 2019
ASIC asks licensees for grandfathered commissions status
In the first salvo of the industry’s move to extricate grandfathered commissions, the regulator sent letters to several licensees recently asking how much of it is on their books.
May 24, 2019
Synchron head flew to UK to uncover real commissions story
The co-founder of Australia’s second-largest life insurance adviser network reveals how the Towbridge Report prompted him to search for the truth about risk commission bans.
May 23, 2019
Associations unite over FASEA exam deadline extension
Both the FPA and the AFA will lobby government for the adviser exam deadline date to be pushed out at least 6 months after FASEA delayed the testing start date and the release of crucial guidelines.
May 22, 2019
Australia’s central bank to adopt QE
Amy Xie Patrick, portfolio manager, Pendal Group predicts the RBA would embrace quantitative easing (QE) once rates fall to 1 per cent.
May 22, 2019
Advisers ‘unprepared’ for FASEA aged care questions
The co-director of Aged Care Steps, Assyat David, says most advisers have ‘chosen to ignore’ aged care advice, which will make it difficult for them to get through FASEA exam.
May 21, 2019
