financial advice

Financial planning

High net worth clients act as advice predictors

High net worth clients are willing to pay well for scalable advice with their demands indicative of future advice and investment trends....

Policy & Regulation

FOFA amendment changes extra levers to prosecute advice disputes

Changes to FOFA amendments agreed between the Government and PUP will act as levers against a planner in a dispute with a client....

Editorial

Why planners are in it for the long haul

Given a decade of generally bad publicity for the financial planning sector, it is a wonder that planner numbers have not seriously declined....

Financial planning

Benefits and challenges of AFSL ownership

Learn about the pros and cons of owning AFSL and weighs them up against becoming an authorised representative of a larger licensee...

Editorial

When reason rules

The adviser’s best interest duty leaves a question mark hanging over what constitutes “reasonable” advice, Merton Miles writes....

Policy & Regulation

Labor commits to FOFA reimplementation

The ALP will not be forgetting FOFA and will look to reimplement its model when it returns to government....

Editorial

Top 100 reveals constancy of change

Money Management’s 2014 Top 100 Dealer Group research has revealed an industry which has changed substantially since 2007/08 and might be on the cusp of further change. ...

Financial planning

AFA sets out minimum professional practice and ethical standards

AFA members will have to abide by six new principles of professionalism, which are set to form a critical part of the AFA’s revised Code of Conduct....

Financial planning

Tax-style “high audit” system proposed for advice space

Financial advisers’ high regulatory burden is the product of a system that wrongly fails to distinguish “high risk” and “low risk” advice, an adviser believes....

Financial planning

Practices planning to grow but few intend to expand their planner numbers

Financial planning practices are keen to grow their client base in the year ahead, but few intend on boosting planner numbers to achieve this, a survey reveals....

Policy & Regulation

FOFA crimping organic growth

Premium Wealth Management chief executive, Paul Harding-Davis believes FOFA has crimped opportunities for organic growth giving rise to moves such as the acquisition by A...

Policy & Regulation

Macquarie says its on track on EU

Macquarie has used its AGM to claim it is on track in meeting the terms of its 2013 Macquarie Private Wealth enforceable undertaking....

Policy & Regulation

FOFA changes not necessarily riskier - APRA

The Australian Prudential Regulation Authority has refused to conede that the Government’s FOFA changes will generate more risk....

Policy & Regulation

FOFA increases compliance burden

The compliance work involved in running an AFSL has intensified under the FOFA reforms, Ausingroup’s head of wealth management, Mark Morcos believes,...

Policy & Regulation

Central register could restore trust in advice: AFA

A central register of advisers could help weed out rogue operators in the financial advice space and rebuild trust in the profession, the Association of Financial Adviser...