Eager to show the value of a dollar – just like his parents
Tony Lu’s parents were Vietnamese refugees who worked blue-collar jobs to pay the bills. He wants his clients to benefit from their work ethic and respect for money he inherited.
March 27, 2017
Report 515 shows disconnect between licensee rhetoric, action
On page 15 of the Australian Securities and Investments Commission Report 515, there appear five paragraphs that should anger every financial planner. Simon Hoyle writes.
March 24, 2017
The $1.6 million questions: more taxing dilemmas from pension cap
Clients affected by the pension limit will have the option of investing the excess personally or partially commuting the pension and rolling it back into accumulation phase.
March 24, 2017
ASIC guidance on handling advisers not just for big end of town
A leading compliance expert says even small financial planning licensees should pay close attention to the Australian Securities and Investments Commission’s report into how large institutions oversee their advice networks. Simon Hoyle reports.
March 23, 2017
Planner’s advice to industry: get comfortable with change
From regulatory shifts to general uncertainty, Robert Reid says the financial planners who are in it for the long term need to be able to roll with the punches. Johanna Roberts writes.
March 23, 2017
Futuro chairman Bashford knows people come before numbers
Nearly four decades in financial services have taught Futuro chairman Dennis Bashford to value the needs, wants and opinions of clients and staff above figures and products. Simon Hoyle writes.
March 23, 2017
Keep pushing for reform, whether legislation keeps up or not
The Professional Standards Act aspires to change the industry and restore public trust. But Sean Graham argues it doesn't address the elephant in the room: vertical integration.
March 22, 2017
ASIC’s Greg Medcraft sees need to tackle advice ‘oligopoly’
Australian Securities and Investments Commission chair Greg Medcraft believes a lack of competition in the advice market has led to poor consumer outcomes.
March 22, 2017
The new wealth adviser must serve the new client
As clients become more focused on getting bang for their buck, financial planners will have to improve at articulating their value proposition and delivering. David Haintz writes.
March 22, 2017
A goals-based approach puts investors on their best behaviour
Financial markets, well used, do enable us to boost the value of our savings. The problem is that we rarely buy low and sell high. Arun Abey examines some ways to change that.
March 21, 2017
A strong start: where the standards body should begin
Some time in mid-2017, the new standards body will come into existence, with a long to-do list and extremely high expectations. Simon Hoyle asks stakeholders how it should proceed.
March 21, 2017
Mentor announces exclusive alliance with Suitebox
Mentor Education founder and MD Dr Mark Sinclair has announced an exclusive technology alliance and partnership with Suitebox. Mentor Education is leading the way in the financial services sector with a best of breed approach for the delivery and assessment of education and training programs. Financial Planners must become more tech savvy. The new generation
March 20, 2017
