Licensees
Time for advisers to pay up for licensees
The evolution of licensees is happening, in part, because advisers are starting to think about certain services as an investment rather than a cost.
Matthew SmithJanuary 18, 2019
Industry
Technology
Regtech provider pushes back: it’s on us, not advisers, to change
Industry members are at odds over what needs to happen for their tools to be effective. One provider takes exception to the notion that advisers are the ones who need to change.
Tahn SharpeJanuary 18, 2019
Industry
Salaries up, bonuses down for advisers
Pay packages are focusing on salaries and client satisfaction, rather than revenue targets and bonuses, while older practitioners are seeking to BDM and training roles.
Tahn SharpeJanuary 17, 2019
Industry
Banks aren’t leaving wealth due to lack of profitability
A PwC report reveals that institutionally owned wealth management businesses were still incredibly profitable in the lead-up to divestment in 2018.
Tahn SharpeJanuary 15, 2019
Technology
SoA inconsistency hindering regtech’s effectiveness
The varying perspectives on what compliant documents look like makes it tough for regtech providers to come up with scalable and effective solutions, Red Marker director Matt Symons says.
Tahn SharpeJanuary 14, 2019
Industry
Firms and advisers called out for gouging in super
Productivity Commission deputy chair Karen Chester has recommended a swift end to grandfathered commissions in superannuation and taken a swipe at the retail funds industry for charging asset-based fees.
Matthew SmithJanuary 10, 2019
Technology
Xplan responds to calls for simpler API tech
IRESS adapts to a more competitive market with a new, simplified data-sharing tool for Xplan that is tailored for independent financial advice firms. Tahn Sharpe writes.
Tahn SharpeJanuary 9, 2019
Industry
Fund flows reflect royal commission backlash
Institutions that suffered the most reputational damage during the Hayne inquiry also suffered the biggest outflows from their platforms in the September quarter, data from Strategic Insight shows.
Matthew SmithJanuary 8, 2019