By having trustees supervise client directed payments from their pension funds, Stephen Jones and the federal Labor gove...
Now we now the size of Stephen Jones' CSOLR tax, I doubt anyone will be employer any new financial adviser from this poi...
Amazing ! Between the beginning of licencing Feb 2002 and 2008 this was a very good stable industry.Then the do-gooders...
AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....
A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...
The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....
So my practice fees have roughly doubled. 1 Licence and 5 advisers, up from circa 9k to $17,585.
Other than there being less advisers to spread the cost on - what do we get for this? Clearly more advisers will leave due to increases. So we either add to inflation by dialling up what we charge clients or we leave the industry at which point costs will be further concentrated on the remaining few. There will be less advisers to serve an underserved public and financial advice becomes even more unaffordable.
We are in the midst of a death spiral as an industry.