Is FASEA the opportunity that knocked?

22 February 2019
| By Outsider |
image
image
expand image

Every cloud has a silver lining, it seems. Even when that cloud takes the shape of the Financial Adviser Standards and Ethics Authority (FASEA) regime.
 

While many financial planners of Outsider’s acquaintance have been grumbling over the time and effort they are going to have to spend to ensure they meet the new FASEA requirements, your humble correspondent has noted that some other parties have been far less grumpy.

Because, it seems to Outsider, that where planners see challenge others see opportunity and thus, he has been counting the number of players who have started targeting financial planner education as a growth area.

The conventional wisdom may have been that it was the likes of Kaplan and the universities which would financially benefit from the new FASEA regime, but Outsider notes that others clearly have their eye on the prize.

Connie McKeague’s OneVue acquired Evolution Media’s No More Practice and is now offering services to planners, while the ever-ebullient Graham Rich has added to his successful Portfolio Construction Forum by adding “Finology” with an eye to meeting planner needs.

There will of, of course, be others because when opportunity knocks someone has to answer, don’t they?

Read more about:

AUTHOR

 

Recommended for you

 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 1 day ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 1 week ago

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. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND