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COST OF ADVICE
Financial planning
The days of financial advisers being “all things to all people” are behind us, according to this founder, as the cost to serve passes $4,000....
Financial planning
Given the clear divergence between the cost of financial advice and clients’ willingness to pay, two experts explore how advisers can transform the way they convey value ...
Financial planning
With the median annual advice fee up by 58 per cent from 2018, financial advisers are being encouraged to ensure clients confidently see value in the price they pay each ...
Financial planning
Advisers could find themselves unable to receive the fair market price of their advice as the Delivering Better Financial Outcomes legislation states superannuation trust...
Financial planning
A growing number of Australians plan to seek advice in the next 12 months, but less than 10 per cent are prepared to pay the average advice fee, according to the latest A...
Editorial
Research has found advisers are currently unable to cover the cost of producing comprehensive advice despite charging already high fees and the Government needs to create...
Expert Analysis
There is a huge, almost invisible, demand for personal financial advice but advisers will only be able to meet this if they are willing to collaborate rather than compete...
Financial planning
The cost to produce advice is around $5,335 but the average adviser is charging $3,660 and removing safe harbour and strengthening the code of ethics will reduce the cost...
Financial planning
The Financial Services Council has created a blueprint for a simplified financial advice regulatory framework that claims it could reduce advice costs to $3,466 and save ...
Financial planning
Advisers should look at clients looking for one-off advice to build their prospective secondary client base, given that rising costs of advice delivery are driving down t...
Financial planning
The corporate regulator’s consultation found that limited advice is too costly to provide and there is a lack of demand for digital advice....
Financial planning
The Australian Securities and Investments Commission has confirmed it is trying to identify the real cost of providing financial advice at the same time as focusing on ho...
Financial planning
The exits of the banks and the exodus of financial advisers has left the industry in a state of flux, according to HLB Mann Judd head of wealth, Michael Hutton....
Financial planning
Budget changes to superannuation along with legislation limbo until the election could see a rise in advice costs as advisers review client financial plans....
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...