FPSA is relaunched by Fortnum as a new company with a lower-complexity offer
Fortnum Financial Advisers has refreshed independent dealer group Financial Planning Services Australia’s (FPSA’s) offer to advisers and has embarked on the process of recruiting financial planning practices to the new business. Fortnum managing director Joel Taylor says FPSA is built on the same principles as Fortnum, including collaboration, sharing of ideas and equity ownership for
December 01, 2015
There’s good news and there’s bad news in streamlining the FoFA streamlining Bill
In a surprise move last week, the Senate agreed to pass a cut-down version of the Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014, first introduced into Parliament in March 2014. The good news is that financial planners can now get on with business in the certain knowledge that Future of Financial Advice
December 01, 2015
Swings, roundabouts
and the essentials of oil
It’s an easy mistake to make. If the value of an asset halves in six months, it’s not unreasonable to believe the bottom must be near. The temptation to try to time the turn can be irresistible, and painful – there’s a reason it’s called “catching a falling knife”. When Saudi Arabia was preparing for
December 01, 2015
NAB Asset Management continues to lift SMA education
NAB Asset Management has released its second Benchmark Magazine, which focuses on raising awareness and education about the increasing use of separately managed accounts (SMAs). The publication provides key information for advisers looking to offer SMAs as part of their advice proposition, including first-hand adviser testimonies and guidance from industry experts. NAB Asset Management Head
December 01, 2015
Hewison lays the foundation for delivering a return to the community
Hewison Private Wealth (HPW), the financial planning business founded 30 years ago by John Hewison, has established the Hewison Foundation, a public ancillary fund (PAF) to support victims of domestic violence and young people with depression. The managing director of HPW, Andrew Hewison, says that “out of domestic violence comes homelessness and many child-related issues,
November 29, 2015
BT tries its luck in robo advice, while Clover turns to Gray
BT Financial Group is testing ambitious robo-advice software that will assess areas of inefficiency across an individual’s superannuation, insurance, investments, mortgages and banking. The Wealth Review will be offered free to all customers and will be sent out in targeted campaigns to specific age groups in the coming months. The program works by requesting information
November 29, 2015
Covering your asset: A small business survival plan
As a small business owner you are likely to be the core of your business. So what happens if you are unable to work for any extended period due to illness or injury? This is probably an issue you raise and solve for clients, but have you thought through your own business implications? Now is
November 29, 2015
Strong relationships underpin continuity and common purpose for the profession
When the news broke on Thursday morning last week that the chief executive officer of the Financial Planning Association (FPA), Mark Rantall, is leaving next March after five years in the job, all eyes naturally turned to his successor – the FPA’s current general manager of policy and conduct, Dante De Gori. Rantall, De Gori
November 26, 2015
Master classes a preview of new approach for SMSF specialist technical sessions
The SMSF Association’s director of technical and professional standards, Graeme Colley, has hailed as a success a test run of a new format for technical sessions to be held at the SMSF Association National Conference in Adelaide next year. “I’ve been doing some master classes in Sydney, Brisbane and Melbourne this week, and we’ve had
November 26, 2015
Why we are here: Public interest is the test of a true profession
Sometimes we just don’t get it. We lobby strenuously against sensible reforms, knowing that worse outcomes may well await us. And yet we persist, seeking to relieve short-term political pressures. There is no better example of this than lobbying against the recommendation to ban gearing in self-managed super funds (SMSFs) made by the Murray Financial
November 26, 2015
Succession doesn’t just happen, it is a process that needs to be carefully conducted
When Robert Lipman decided to transition away from his role as managing director of leading Sydney-based wealth management firm, Robert Lipman & Associates, he had an obvious choice. The new managing director would be his long-time associate and Lipman director, Paul Burgon. Lipman would be elevated to executive chairman and remain chair of the investment
November 24, 2015
The last leg: Wheel Classic smashes fundraising target as riders reach their destination
The 2015 Future2 Wheel Classic has smashed its $100,000 fundraising target, with more than $120,000 raised by the time 12 riders rolled into the 2015 Financial Planning Association’s Professionals Congress in Brisbane last week, and the figure is still rising. In total the congress raised more than $200,000 for the Future2 Foundation. The riders were
November 24, 2015
