Accountants’ carve-out request reveals profession’s wounds
It’s eminently reasonable to require qualified professional accountants who offer financial planning services to undertake additional training in ethics and other relevant studies. Submissions to the contrary highlight just how much the profession is missing the point.
January 24, 2019
ClearView enlists freewheeling academic
The major licensee has reacted to adviser requests for client engagement tools by recruiting an expert from Griffith University who specialises in systematising adviser/client relationships.
January 23, 2019
Strap in for an exciting year in markets
The volatility we are experiencing is a reflection of a very new reality, a reality that will hit home – particularly for those who paid too much for growth and high-beta small caps.
January 22, 2019
65% say advisers not obligated to help clients’ parents
According to our online poll, most advisers believe they shouldn’t be helping their clients’ mums and dads because it’s too risky and too costly.
January 22, 2019
Fink backs employers on super as ASIC’s doubts emerge
The head of the world’s largest asset manager says the onus for leading retirement is on employers but the regulator has doubts about whether they’re up to the task.
January 21, 2019
Time for advisers to pay up for licensees
The evolution of licensees is happening, in part, because advisers are starting to think about certain services as an investment rather than a cost.
January 18, 2019
Regtech provider pushes back: it’s on us, not advisers, to change
Industry members are at odds over what needs to happen for their tools to be effective. One provider takes exception to the notion that advisers are the ones who need to change.
January 18, 2019
Salaries up, bonuses down for advisers
Pay packages are focusing on salaries and client satisfaction, rather than revenue targets and bonuses, while older practitioners are seeking to BDM and training roles.
January 17, 2019
FASEA meets advisers halfway on degrees
The authority has released its final mandate for advisers, with a 240-hour shortcut for non-relevant degree holders among the late changes. Tahn Sharpe writes.
January 16, 2019
Advice fee models will change
Ongoing fee arrangements, asset-based fees and incentive structures are set to be shaken up based on the findings of the Hayne royal commission.
January 16, 2019
Banks aren’t leaving wealth due to lack of profitability
A PwC report reveals that institutionally owned wealth management businesses were still incredibly profitable in the lead-up to divestment in 2018.
January 15, 2019
Trump and China top Platinum’s investor concerns
Platinum CIO Andrew Clifford explains the growing impact of China and the continuing influence of the US in his latest macro overview.
January 15, 2019
