‘No and no’: Jones dismisses DBFO collective charging fears
Facing criticism from the advice community over the wording of the first round of draft legislation for Tranche 2 of the Delivering Better Financial Outcomes bill, Minister for Financial Services Stephen Jones has denied the new class of adviser will be used a “back door attempt” to give comprehensive retirement advice.
March 27, 2025
How pro-bono work helped adviser Nicola Beswick create new firm
Lawyer turned financial adviser Nicola Beswick recently launched her own financial firm White Rabbit Advisory. Through her experience on the board of the Pro Bono Financial Advice Network, she learned valuable lessons which helped her navigate the challenges of setting up her own business.
March 27, 2025
The challenges and opportunities for utilising AI in equity investing
The latest AI innovations have been instrumental in improving potential investor outcomes, but it has come with plenty of risks. Complex data samples and overfitting – when AI systems are too reliant on historical data for conclusions and is unable to make future predictions – means there is still an active challenge to harness the potential benefits.
March 27, 2025
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
