Meet the advisers pioneering the profession’s AI adoption
The advice profession’s understanding and adoption of AI is still developing, with the majority of advice businesses just starting their journey given the nascency of the technology. But a small number of pioneering practices are already well advanced.
May 27, 2025
Associations release guide to navigate complex advice-fee tax deductibility rules
The Financial Advice Association Australia, in conjunction with three major accounting bodies, have set a guide to navigate the complicated regulatory regime that dictates the tax deductibility of advice fees. Because financial advice is unlikely to be solely comprised of tax advice, full tax deductibility of fees will be rare.
May 26, 2025
A minor tweak that can make advice firms ‘high performing’
The way advice firms structure their team is essential to the sustainability and efficiency of the business. According to research there’s one potentially overlooked staffing call that could make the difference to become a “high performing” firm.
May 26, 2025
‘Reeks of inconsistency’: Advisers furious over HESTA outage
Advisers have grown frustrated over the six-week service blackout by HESTA and say it restricts the onboarding of clients who are members of the fund, hampering the resources of practices. While the outage is due to conclude within a couple of weeks, the industry fund says it has tried to direct advisers to a dedicated support line until the planned admin transition project finishes.
May 23, 2025
Assessing the right circumstances to dob in another licensee
Most licensees are across their obligations to dob themselves to ASIC when they become aware of a ‘reportable situation’, but less so that they are required to dob in other licensees in certain circumstances. Holley Nethercote partner Samantha Hills writes this requirement should not be understated as avoiding it could be breaking the law.
May 23, 2025
The most ‘irritating’ behaviours exhibited by advisers
Morningstar has uncovered what the most “irritating” behaviours by financial advisers are and how these can be fixed to better maintain client relationships. While these habits may not be terminal – the researcher says only 6 per cent of clients fire an adviser – it should still be a “wakeup call” to improve best practice.
May 22, 2025
Peer reviewing the SOA to ensure the advice is clearly communicated
Taking the extra step to peer review Statements of Advice is a necessity as it could save time down the line and prevent the advice not being tailored to the client. Reviews should include ensuring the way the advice is communicated is easy to understand for the client, which can quickly get lost in translation.
May 20, 2025
Entireti cites moral obligation to serve more consumers in digital advice deal
Entireti has partnered with digital advice provider Otivo, citing the social and moral obligation to improve advice accessibility. Otivo will develop a simplified and integrated digital advice platform covering episodic and limited scope advice for the licensee.
May 20, 2025
The rise of the advice platform is set to disrupt the value chain
The days of life companies, funds managers and platforms dominating the financial service value chain are numbered as capital finally flows to advice and large, corporatised advice platforms emerge, writes AZ NGA’s Paul Barrett. These advice platforms will be able to consistently serve clients at scale, and solve all the problems that advice firms are grappling with.
May 19, 2025
