fees

Financial planning

Advisers debate whether to charge for an initial meeting

Money Management speaks with five advisers on whether or not they charge for their initial meetings, as Elixir Consulting finds the volume opting to charge has doubled si...

Financial planning

Trustees face breach risk under advice deduction proposals

Financial services lawyers believe the government may have good intentions, but the proposed legislation leaves superannuation trustees targeting an unachievable “standar...

Financial planning

AFCA refers systemic issue to ASIC over firm’s lack of engagement

AFCA has identified a systemic issue in the investments and advice space, with the case needing to be referred to ASIC due to the firm’s lack of engagement or remediation...

Financial planning

Centrepoint Alliance updates on fees for no service remediation

Centrepoint Alliance has shared details on the progress of fees for no service remediation, having conducted an assessment of its employed and self-employed advisers. ...

Financial planning

ATO offers guidance on deductibility of advice fees

The Australian Taxation Office has provided updated rules on the tax deductibility of financial advice fees....

People & Products

BlackRock and VanEck cut property and infrastructure ETF fees

BlackRock and VanEck have reduced fees on several of their ETFs, all focused on property and infrastructure....

Financial planning

Advisory firms best able to weather fee pressures

Advisory firms are the only part of the investment value chain to escape fee pressure over the last five years in the face of shrinking margins and rising costs, accordin...

Financial planning

A spotlight on Australia’s average financial adviser

In its 2023 Landscape report, data agency Adviser Ratings has examined what you can expect from the average financial adviser and their practice in Australia....

Financial planning

Advice fees rise 40 per cent in five years

Financial advice fees have risen by close to 40 per cent over the last five years and the majority of advisers expect to hike fees further in the coming years, according ...

Funds management

Strong bond returns prompt Vanguard fee cut

Vanguard has cut fees on its Australian fixed income ETF as Australian bonds post their highest quarterly return in a decade....

Financial planning

Levy backs fee disclosure reform

The independent chair of the QOA Review has called for the removal of 'onerous' ongoing fee disclosure obligations....

Funds management

Magellan reports drop in performance fees

Performance fees at Magellan were “not meaningful” in the six months to 31 December, compared to $11 million a year ago while total funds have dropped below $50 billion....

Financial planning

FPA welcomes ATO financial advice guidance

The FPA has welcomed guidance from the Australian Taxation Office on the tax deductibility of financial advice fees....

Financial planning

Advice fee rises on the horizon

Over 90% of advisers say they plan to increase their fees next year, according to Adviser Ratings, despite fees already having risen 40% since 2018....

Financial planning

Newly-advised clients outpacing client attrition

The number of newly-advised clients has outpaced client attrition for the first time in three years according to Investment Trends, while consumers have increased the amo...