Born again: The advice industry is set for a radical transformation
The number of unsettled advisers is swelling and they’re about to start agitating for change. Ray Miles explores their options. There may only be a handful of sizable independently-owned dealer groups left due to consolidation, however, there are hundreds of well-run small advice businesses. Some hold their own Australian Financial Services Licence. Others are licensed
June 06, 2014
In Focus: The name is bond…corporate bond
An individual in Europe can walk into a local bank and buy a corporate bond for the equivalent of only $1000. In some countries, investing in bonds issued by major companies is as natural and as simple as investing in a term deposit. In Australia that’s not so much the case. The domestic corporate bond market is, in many respects, quite underdeveloped. That is
June 06, 2014
Praemium appoints new head of distribution
Praemium is pleased to announce the appointment of Edward Caser as Head of Distribution. Edward has over 12 years’ experience in the wealth sector, with a focus on platform administration and investment management. He held key roles with Aviva Global Investors and Vanguard Investments before moving to boutique portfolio administration firm Integrated Portfolio Solutions (IPS).
June 05, 2014
PlanPlus second Annual Global Financial Planning Awards now open
“The 2nd annual PlanPlus Global Financial Planning Awards opened for entries on June 1,” announced PlanPlus Best Practices Expert, John Page. This global competition brings industry recognition to three financial planners from around the globe for what they have added to the profession. Advisors from the Americas, Europe, and Asia are encouraged to showcase their
June 05, 2014
AFA and Zurich announce new chapter in Adviser of the Year Award
The AFA and foundation award partner Zurich today announced a new chapter in the Adviser of the Year Award Program (the Award program), with the best individual adviser and best advice practice now to be separately recognised. In launching the inaugural Advice Practice of the Year Award and revamped Adviser of the Year gongs, AFA
June 05, 2014
FPA welcomes registrations to 2014 Professionals Congress
The FPA today announced the first in the line-up of speakers to appear at the 2014 Professionals Congress this November at the Adelaide Convention Centre. Carl Richards CFP® will return to address delegates following his popular appearance at last year’s Congress. Matthew Rowe, FPA Chairman said: “The FPA is pleased to welcome Carl back to
June 05, 2014
Findex statement concerning Crowe Horwath
The Findex Group has issued a statement concerning media speculation of a possible offer to acquire Crowe Horwath (ASX:CRH). CEO, Spiro Paule, has confirmed that Findex has been provided with exclusivity to conduct due diligence in order to enter in to a scheme of arrangement to acquire Crowe Howarth. He also said that all acquisitions
June 04, 2014
SSFS eyes scaled, technology-assisted financial advice to boost productivity
Scaled financial advice delivered through technology-mediated channels will underpin State Super Financial Services’ (SSFS) approach in the near future, according to the head of the public sector dealer group. With around 160 financial planners, a number that has been steadily growing, SSFS provides financial advice to members of the Australian public sector – a potential
June 04, 2014
The times they are a-changin’ the compliance value proposition
Like the themes alluded to in the title of Bob Dylan’s classic song, our industry is undergoing a period of overwhelming change. The last few years have seen the introduction of an ongoing cavalcade of increasingly complex regulatory and best practice requirements. Amongst all that change (and proposed change) one thing remains constant: a savvy
June 04, 2014
The financial planner’s role in avoiding a retirement train wreck
Constant changes to superannuation policy make it practically impossible to plan for retirement, which is why Australian workers must take saving and investing for retirement into their own hands. Many of the baby boomers approaching retirement have only been contributing an incremental amount to superannuation for 20 years. As a result, the majority of people
June 04, 2014
Euroz and former MLC CEO Steve Tucker establish new investment management business
Euroz Limited (“Euroz” ASX: EZL) is pleased to announce the planned formation of Westoz Investment Management (WIM). This new funds management business will be 80% owned by Euroz Limited and 20% owned by Mr Steve Tucker who will be Executive Chairman of WIM. In addition, Mr Tucker will join the board of Westoz Funds Management
June 03, 2014
