fee-for-service

Editorial

Advisers and accountants really are different

The Financial Planning Association has clearly defined the difference between planners and accountants and why one size does not fit all with respect to remuneration, Mik...

Financial planning

Fee-for-service not holy grail

Charging commissions for life/risk advice may be more professional than a fee-for-service model as they were only paid if advisers achieved a claim result for clients, Sy...

Accounting

Count outlines fee-for-service approach

Count Financial points to utility of fee-for-service for accountants entering financial planning space....

Life/Risk

Lawyer warning on LIF adviser fee anomoly

Lawyer warns that LIF legislation, as currently drafted, could see adviser fees counted as part of capped benefits....

Features

Service vs. advice – The adviser value proposition

Col Fullagar considers the difference between service and financial advice within the adviser value proposition framework amidst the debate around adviser remuneration mo...

Financial planning

Flat fee for service 'new normal'

Financial advisers need to start thinking about flat fee for service arrangements becoming the new normal....

Financial planning

Calls to add FSG to adviser register to avoid misinformation

FSGs should be part of the national register of advisers to prevent consumers getting skewed information from commercially operated websites. ...

Life/Risk

Examination of churn will lead to commission debate

ASIC’s upcoming report on risk insurance churn is likely to lead to further debate on removing commissions but would overlook the related costs of advice according to Syn...

Financial planning

Clients attracted to transparent flat fees for advice

Advisers urged to charge clients flat fees instead of claiming commissions, to avoid conflicts of interest. ...

Financial planning

Grandfathering loss not 'fait accompli’

Moving licensees or client books should not trigger an automatic loss of grandfathered revenue, according to financial services lawyer. ...

Financial planning

Handley’s Bombora signs up first practice

Bombora new signing moves across from Lonsdale Financial Group....

Funds management

Fund fees double dipping from investor returns

Former fund manager claims actively managed funds’ fees charge investors more than once for same services....

Financial planning

SOAs set to grow as platform choices fall under best interest duty

FOFA regulations require planners to outline platform and investment choices in SOAs....

Financial planning

Talking to clients about fees

Having a successful discussion with clients about fees can revolve around emphasising service delivery rather than value....

Financial planning

FDS presents client retention challenge

Financial planners might struggle to articulate their value to passive clients come fee disclosure statement time, according to Elixir Consulting’s Sue Viskovic....