Planning software company responds to the increasing adviser compliance demands
Technology provider AdviserLogic has added new security and compliance features to its financial planning-focused software offering. This enables advisers to easily compare products and make client-led recommendations that meet client best interests provisions, particularly when creating statements of advice and client needs analyses. “If you can take down those barriers to compliance by making it
October 17, 2014
FORUM: Finding reference points for successful financial planning practices
Whether a financial planning business is 30 years old or only a year old, success and growth are built on common foundations. High on that list is organic growth from referrals by existing clients. But to succeed, referrals need a deliberate and a well thought-out strategy. The Melbourne-based financial planning practice Scholten Collins McKissock was established 30
October 16, 2014
Technology making tax time easier for investors using modern platforms
HUB24 announces that client tax statements have all been completed & released The group’s new Tax Statement Estimator matches up expected data from fund managers and share registries to better forecast release times for tax statements Use of SMA’s are ‘making a difference’ in completing tax statements HUB24 announced that all of their client’s tax
October 16, 2014
Retail investors emulate HNW counterparts via market-neutral funds
Once the domain of the ultra high-net-worth and institutional investors, a growing number of retail investors are achieving similar levels of risk minimisation by tapping into the low or zero correlation strategies adopted by market-neutral funds. Much of the success of market-neutral funds says Phillip Boustridge, fund manager with Pengana’s Australian Equities Market-Neutral Fund, can
October 15, 2014
Global household wealth increases by 8.3% to $US263 trillion
The Credit Suisse Research Institute today released its fifth annual Global Wealth Report, which finds that from mid-2013 to mid-2014 aggregate global household wealth increased by 8.3% in current dollar terms to USD 263 trillion, despite an ongoing challenging economic environment. Key findings of the report include: − Global wealth stands 20% above its pre-crisis
October 15, 2014
Challenger now managing $54.2 billion – grows FUM by 7% over the September quarter
Challenger Limited (ASX:CGF) has announced to the ASX its assets and funds under management numbers for the quarter ending 30 September 2014 (Q115). Highlights: – Total group assets and funds under management rose by $3.5 billion or 7% to reach $54.2 billion as at 30 September 2014 – The Funds Management division’s funds under management rose
October 15, 2014
Australian first: annuities to go on CFS retail platforms
Colonial First State (CFS) today announced that annuities will be available through its FirstWrap and FirstChoice platforms mid next year. It is intended that the annuity products accessible via these platforms will be provided by Challenger and CommInsure, who together account for more than 70 per cent* of the Australian annuity market. Financial advisers will
October 15, 2014
Growing female adviser numbers is a key focus for the new AFA president
Inspiring women to join the financial planning industry is a passion for the incoming national president of the Association of Financial Advisers (AFA), Deborah Kent. Announced in the role at the AFA national conference on Sunday, Kent has been a board member for a number of years and has more than 26 years’ experience as
October 15, 2014
Competitor, consumer or corporate watchdog: who should handle your details?
The financial planning industry could scarcely do a better job of confusing consumers if it tried. Experience suggests that it’s not well enough co-ordinated to do it deliberately; so surely the sudden emergence of multiple, competing adviser registers falls into the cock-up rather than conspiracy basket. Nothing comes along for ages and then suddenly three
October 15, 2014
Ladies and gentlemen of the accounting profession, your time starts … now
An online tool to help accountants determine what they need to do, when they need to do it and how long it will take to develop an appropriate response to the end of the accountants’ licensing exemption is being launched today by Count Financial. The tool is designed to complement Count’s “Accountants’ Solution” licensing options,
October 15, 2014
Caboodle launches radical new succession solution for advisers
Leading financial planning firm Caboodle Financial Services has today launched the Caboodle Masters Network – an innovative and compelling succession solution designed to maximise the price principals can achieve for their business while removing the stress and uncertainty typically involved in a sales transaction. The Caboodle Masters Network was developed by financial planner Peita Diamantidis
October 15, 2014
