financial advice

Financial planning

Advisers short-selling themselves by up to 50%: WT Financial

Advice firms should be targeting as much as $700,000 per annum per adviser in ongoing advice fees as clients could be willing to pay higher advice fees than advisers are ...

Financial planning

Experience pathway passed

The experience pathway has passed in Parliament today, three months after being introduced....

Financial planning

FAAA pushes for greater ASIC levy transparency

In a statement to the Senate Economics References Committee, the Financial Advice Association Australia has made recommendations to the corporate regulator to better achi...

Financial planning

Insignia reports 39% NPAT rise

Insignia has announced net profit after tax of $51.2 million for FY23, a rise of 39 per cent from the previous year as it announces a strategic refresh with a 'client wel...

Financial planning

Clearview to divest from wealth management within FY24

Announcing underlying NPAT of $36.5 million in its FY23 results, the firm has reaffirmed its focus on life insurance and will be exiting financial advice and wealth manag...

Financial planning

Financial advisers gain recognition as a profession from ABS

The statistical agency has officially recognised the financial advice profession by using the occupational terms 'financial adviser/financial planner' as a result of the ...

Financial planning

How AMP plans to stem advice losses

AMP chief executive, Alexis George, has shared her thoughts on Insignia’s new ownership model and whether it will follow its footsteps as it expects $50 million in advice...

Financial planning

Why advice firms need leadership programs

As financial advice firms grapple with adviser retention and larger workloads, this coaching firm founder believes leadership programs are integral to support up-and-comi...

Financial planning

Advisers to expect increased workload as YFYS test gets expanded

The FAAA has warned advisers to be alert if their clients are in an underperforming super fund as this month’s APRA performance test is increased to certain trustee-direc...

Financial planning

FSCP hands down first ‘written reprimand’ around advice scoping

Tackling issues around inappropriate scoping of advice, the Financial Services and Credit Panel has announced its first ‘written reprimand’. ...

Financial planning

Melissa Caddick’s victims receive first payout

The victims of an alleged Ponzi scheme run by Sydney conwoman, Melissa Caddick, have received their first payout with further payouts expected....

Financial planning

AMP reports 1H23 losses for advice division

AMP has reported half-year results for its advice division as it updates on the next action in the BOLR class action case....

Financial planning

Advised Millennials could be $664,000 better off

New research from Findex has revealed that Millennials have the most to gain from ongoing financial advice and could be $664,000 ahead in net assets at 65 than their non-...

Financial planning

AIOFP flags stealth re-entry of banks to advice

Noting that some QAR recommendations make it “less legally onerous” for banks to provide advice, the industry association said it suspects a lingering interest from these...

Financial planning

4 ways to boost trust in the adviser-client relationship

With retirement being one of the most stressful times in a person’s life, research from the Australian Retirement Trust reveals four key drivers to building trust between...