Are advisers missing out on managed accounts’ full potential?

netwealth/managed-accounts/financial-advisers/

| By Jasmine Siljic |

Almost half of financial advice firms are still holding back from using managed accounts in their practice, Netwealth uncovers, despite the efficiency benefits they can offer to advisers.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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FAAA signs MOU with FPSB India to ease adviser shortage

fpsb/India/Sarah-Abood/

| By Laura Dew |

Financial planning

Formalising its arrangement to bring international advisers to Australia, the FAAA has signed an international memorandum of understanding with FPSB India.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Transparent promotion frameworks vital in financial services

women-in-finance/WIFS/gender-equality/gender-diversity/T-Rowe-Price/

| By Malavika |

Financial planning

A global investment management firm executive has called for standardised promotion policies to close the “gendered promotion gap”.

AUTHOR

Malavika Santhebennur

Malavika Santhebennur was a news and features financial services journalist at Money Management, part of Financial Express. She has previously written in various industrial publications at Cirrus Media, including mining, food, franchising, and health.

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RBA announces latest rate call

RBA/interest-rates/central-banks/monetary-policy/

| By Staff reporter |

Funds management

The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day.

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Small AFSLs on the rise but breach reporting low

breach-reporting/ASIC/AFSL/

| By Laura Dew |

Financial planning

ASIC data shows the number of smaller AFSLs with less than $50 million in revenue has increased by 25 per cent in the past year, but the regulator believes they are still under reporting breaches.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Financial services market facing oversupply of highly skilled execs

Kaizen-Recruitment/recruitment/hires/boards/

| By Jasmine Siljic |

People & Products

The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.

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Jasmine Siljic

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CFS teams up with Viridian Advisory on advice offering

CFS/viridian/financial-advice/

| By Jasmine Siljic |

Financial planning

Following its recent partnership with Otivo, Colonial First State has now announced an arrangement with Viridian Advisory to offer unadvised members with one-off, topic-based financial advice.

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Jasmine Siljic

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Equity Trustees selected as RE for 2 funds

Equity-Trustee/equity-trustees/funds-management/

| By Jasmine Siljic |

Funds management

Equity Trustees has been selected as the responsible entity for two new funds, one from Coller Capital focused on private equity and a second investing in fixed income from FIIG Securities.

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Jasmine Siljic

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Calls to scrap SOAs reemerge in Parliament amid DBFO delays

quality-of-advice-review/Stephen-Jones/Parliament/Bert-van-Manen/

| By Laura Dew |

Financial planning

Former financial adviser and Coalition backbencher Bert van Manen has introduced a bill in Parliament, building on Michelle Levy’s good advice duty and calling for SOAs to be scrapped.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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