How fund managers and advisers are taking different approaches to AI
Despite talk of how artificial intelligence will revolutionise the financial advice industry through increased efficiency, the real impact of AI has been subdued and progress has been slow. However, AXA IM believes advice firms can tap into the benefits of AI through their funds management partners who are leveraging this emerging technology.
March 27, 2025
Adviser platforms schooling industry funds on competitive super flows
The five fastest-growing platforms – led by Netwealth and HUB24 – are dominating competitive super fund inflows which have been driven by adviser activity, according to an upcoming report from The Conexus Institute. HUB24 has overtaken AustralianSuper as the leader of competitive flows, something the institute’s executive director David Bell had previously believed was impossible.
March 26, 2025
Cost of advice the reason for almost half of advised clients leaving: Research
The cost of advice is the catalyst that ends almost half of client relationships according to new research. Almost a third of those ceasing an ongoing arrangement do so because they believe they are not getting value or are unsure about the quality of the adviser.
March 26, 2025
Empowering advisers to bridge the advice gap
Fewer Australians are accessing the advice they need and advisers are looking for innovative solutions to help them service more clients. Research conducted by Colonial First State over the past year has uncovered several methods that can help advice practices improve efficiency.
March 26, 2025
Creating capacity to solve the advice dilemma
Advice businesses are on a transformative journey to reduce their cost to serve, expand their capacity and boost profitability by optimising the tools and technology that’s already at their disposal.
March 26, 2025
After Friday night DBFO drop, budget offers little to help advisers
Just days after delivering incomplete draft legislation for the second tranche of the Delivering Better Financial Outcomes legislation, the government has handed down another budget that fails to address systemic issues for advice.
March 25, 2025
Infocus reveals ‘flexible partnership’ models for advisers
Infocus has unveiled a new adviser licensing structure, creating three distinct options that it believes will cater to all advice models. But founder and managing director Darren Steinhardt tells Professional Planner the new “flexible partnership” structure isn’t about attracting more advisers.
March 25, 2025
Private credit fundamentals remain strong, despite the noise
A small number of troubled Australian private credit transactions have raised questions about the sector’s transparency, risks and sustainability. This scrutiny should be seen as a good thing, as it reflects growing interest in the asset class and presents an opportunity for the industry to educate investors about the role of private credit in a diversified portfolio, writes Nehemiah Richardson, managing director and CEO of Pengana Credit.
March 25, 2025
New look SOA proposal ‘disappointing’
The government’s proposed replacement of Statements of Advice with Client Advice Records will bring little regulatory relief, according to former FPA policy adviser Ben Marshan. In reality, advisers will still be subject to the compliance demands of licensees.
March 24, 2025
DBFO Tranche 2 arrives, swapping SOAs for ‘CARs’
The Albanese government has released draft law on Tranche 2 of Delivering Better Financial Outcomes, unveiling the replacement of Statements of Advice with the new "Client Advice Record" required to be kept on file but not issued to clients unless requested. The more controversial changes to the Best Interests Duty and introduction of a “new class of adviser” were left out, as foreshadowed by Professional Planner.
March 21, 2025
If the safe harbour steps remain, so does Australia’s advice gap
Stephen Jones’ pre-Budget release of the second tranche of the Delivering Better Financial Outcomes laws will be welcomed by advisers still penning lengthy SOAs and super funds seeking clarity on nudges. But until the old chestnut of reforming the Best Interests Duty is cracked, accessible forms of digital and scaled advice will remain a pipedream.
March 21, 2025
