Merry Christmas from Money Management
This is the final Money Management e-newsletter for 2019.
The entire team at Money Management wishes our readers a safe and happy Christmas and a prosperous 2020.
The Money Management e-newsletter will resume publication on Monday, 6 January, 2020 although, in the interim, we will publish any breaking news relating to the industry if we believe it is warranted.
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High-net-worth clients with between $5-10 million are found to have the greatest unmet advice needs, according to LGT Crestone, with inheritance planning viewed as the most-sought after help.
The advice industry is in an “arms race” according to minister for financial services, Daniel Mulino, around the use of technology in superannuation switching scams such as Shield Master Fund.
Advisers are now serving more ongoing clients, according to a CFS report, but efficiency limitations continue to hinder the 82 per cent looking to serve more.
The FAAA is hopeful the education and experience pathway deadline will be the “last big thing” that could cause an adviser exodus but concern now turns to advisers moving to the wholesale space.
