Advisers don’t want to be ‘guinea pigs’: FAAA

Sarah-Abood/David-Sharpe/regulation/

The FAAA is calling for regulators to take a partnership approach with financial advisers regarding incoming legislation, rather than treating the industry as “guinea pigs”.

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Are business owners a missed opportunity for advisers?

NAB/financial-advisers/succession-plans/wealth-transfer/

Less than one-third of Australian business owners have an ongoing advice relationship, according to NAB Private Wealth, highlighting an unmet opportunity for the advice profession to target.

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BlackRock takes stake in GDG in retirement push

blackrock/generation-development-group/Generation-Life/retirement-income/

BlackRock has taken a $25 million stake in Generation Development Group as the two firms announce a strategic alliance to design and distribute tailored retirement solutions.

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Selfwealth delists as M&A plans charge forward

selfwealth/M&A/delisting/

Trading platform Selfwealth has officially delisted from the ASX, marking the final step of Svava’s acquisition plans as it implements a scheme of arrangement.

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Franklin Templeton uncovers second Aussie alts fund for wealth clients

Franklin-Templeton/Alternatives/private-equity/private-markets/

The global asset manager is launching its second alternatives fund for Australian wealth clients, focusing on private equity investment opportunities.

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Relative Return Insider: Could the election landslide prompt more ambitious reforms?

Podcast/Relative-Return/

In this week’s episode of Relative Return Insider, AMP chief economist Shane Oliver joins the show to unpack the

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Advice industry haunted by ‘multiple black swan events’: FAAA

phil-anderson/ASIC/CSLR/

There are “multiple black swan events” threatening the financial advice industry currently, according to the FAAA’s Phil Anderson, potentially running up the compensation bill for advisers.

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FAAA, SIAA urge further review of advice documentation

Sarah-Abood/siaa/SOAs/financial-advice/advice-documentation/

Despite the government agreeing to replace SOAs with CARs, the FAAA and SIAA believe greater streamlining of documentation is needed for the change to have a positive impact on advisers.

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Sequoia appoints licensee head from AMP

Sequoia-financial-group/Sequoia/amp/appointment/

Former national business growth manager at AMP Advice has taken a new role at Sequoia Financial Group.

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Has ESG label become too overloaded among investors?

ESG/responsible-investing/responsible-investment/nanuk-asset-management/nanuk/

With the ESG label often causing confusion among investors, Nanuk Asset Management has encouraged financial advisers to use more plain, specific language with their clients.

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