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A former AMP financial adviser has called on advisers in the buyer of last resort class action against AMP to “ensure...
The head of the FSC says the corporate regulator is sending mixed messages to the financial advice and superannuation...
There is a higher bar to entry for clients as advice fees have increased over the last 15 years, according to the CEO...
An equity partner firm of Count has purchased a Brisbane-based accounting business for nearly $1 million, as Count...
Iress has issued an update denying the validity of “certain statements” made today by an alleged threat...
ifa has learnt that a decision has not been made to refer to “qualified advisers” as “product...
The AIOFP says it intends to challenge the “legal validity” of changes to the SIS Act that could prompt super fund...
The FAAA’s Phil Anderson says the government’s key commitments on the Compensation Scheme of Last Resort have not...
Financial adviser numbers are “back in black” for the calendar year as 21 new entrants joined the profession over...
Sequoia has contacted the Takeovers Panel regarding alleged unethical practice by a group of shareholders seeking to...
According to Betashares, banks will “no doubt” return to advice but in a different way.
Working with younger clients is easier and has a greater long-term impact, but the high cost of access makes it...
The Financial Services Minister says the amendments to the SIS Act within the first QAR bill will “clarify the law to...
More advice practices are moving away from large dealer groups, instead opting for self-licensing, in search of greater...
Centrepoint Alliance says it is leading the market in adviser recruitment as other top licensees continue to see...
In this special budget episode, hosts Keith Ford, Maja Garaca Djurdjevic, and Aaron Dunn discuss the outlook for...
The government found room for a sweet potato levy reduction in the federal budget, yet financial advice didn’t rate a...
“A budget full of no surprises” is how professionals in the advice arena are describing Tuesday’s...
Op-Ed Financial advice was notably absent from the government’s several-hundred-pages-long budget...
Iress has confirmed that incident involving the unauthorised access reported this week extends beyond what was initial...
The FAAA says this year’s budget is more about what wasn’t included, with the government disregarding financial...
Treasurer Jim Chalmers delivered the Albanese government’s third federal budget on Tuesday evening, 14 May, touting a...
The corporate regulator has handed down a permanent ban to a financial adviser that “dishonestly attempted to induce...
Minister Jones has clarified that CSLR will be implemented as legislated.
ASIC has announced the Administrative Appeals Tribunal has upheld a former NSW-based adviser’s permanent ban from...
According to the FAAA’s Phil Anderson, the “progressively exploding disaster” of Dixon could slug the advice...
While there is renewed confidence in advice, businesses are at full capacity while facing talent shortage, a business...
On the back of growing demand for managed accounts among financial advisers, the platform provider says it has reached...
The FAAA’s budget wish list includes a fairer ASIC funding levy, improved tax deductibility for financial advice, and...
As the words spoken at International Women’s Day events slowly fade, the superannuation gender gap remains. In the...
Advisers would be less concerned with pushing for reduced regulations dictating statements of advice (SOAs) if the...
Proposed legislative changes to safe harbour duty could result in advisers having reduced professional indemnity costs,...
The financial services software company announced it detected unauthorised access of its GitHub user space over the...
A financial services technology consultant says that the “unicorn of tech” doesn’t exist and that advice firms...
The FAAA says new AFCA figures will cost every adviser an additional $4,165 on top of what has already been...
Despite assurance that trustees won’t need to check every SOA, ASIC’s latest report also calls on trustees to...
A new advice licensee set up by former WT Financial advisers has helped financial adviser numbers return above the...
The FAAA says giving super fund trustees access to a client’s statement of advice poses a serious privacy risk and an...
Super Consumers Australia has accused certain players in financial advice of trying to water down consumer...
The corporate regulator has commenced “urgent” Federal Court proceedings against a Brisbane-based financial...
The former financial services minister says Michelle Levy’s final report was a “breath of fresh air” that could...
The AIOFP says advisers need to urge their clients to put pressure on the government regarding the continuously...
On the back of concerns that the first DBFO bill will require stricter SOA checking from super fund trustees, the...
There were 25 winners at the first-ever Australian Wealth Management Awards, held in Sydney...
In this episode of the ifa Show, host Keith Ford is joined by Ben Neilson, a financial adviser at Complete Wealth, to...
PPS Mutual says Australians need help when dealing with trauma and health issues, and advisers are well-placed to...
The shadow treasurer says there was an opportunity to improve the advice industry with the Delivering Better Financial...
Superannuation funds have thrown their support behind the reforms but want a “clear statement” that they will not...
Advisers could find themselves unable to receive the fair market price of advice as the Delivering Better Financial...
The platform provider has announced the SMSF Academy to help advisers meet the rising demand for specialist SMSF...
The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical...
The FAAA says that the government will be picking up the tab for just a single claim against Dixon Advisory through the...
Research from the platform provider reveals high-net-worth investors have become increasingly interested in alternative...
Iress has announced the signing of a three-year extension of agreement with Count Limited as provider of choice for its...
ASIC has warned consumers to be wary of cold calling operators offering inappropriate superannuation switching...
The FSC has announced the formation of the Digital Advice Expert Group to improve access to affordable and accessible...
Where family, and children especially, are concerned, the heart almost always trumps the mind. So, is the bank of mum...
ASIC says it does not expect superannuation trustees to check every SOA, despite concerns that the first QAR bill would...
A new report from Adviser Ratings revealed more advice firms are actively working to increase their client load,...
The FSC CEO has acknowledged the scepticism around adding advice businesses to the board but said the industry body is...
Advisers at every level should be given a voice when discussing industry matters, rather than only consulting industry...
Australian Retirement Trust has expanded its advice, guidance and education team, creating two new...
The shadow treasurer says advisers can’t be blamed for the high cost of advice as they struggle with increased levies...
The advice network says it has upgraded its expectation for cost savings to $4 million as a result of Diverger’s...
Single adviser-led firms continue to expand their footprint in the Australian advice ecosystem, Adviser Ratings...
Australia’s largest licensee has seen the largest adviser losses over the past week, while the expected wave of new...
An ASIC senior executive leader has made a “spurious attempt to smear the advice community” in front of the...
Appearing before a parliamentary committee hearing, the corporate regulator confirmed just two charges have been laid...
Clients should be asked about their environmental, social and governance (ESG) values to ensure products are in their...
The licensee lost 99 advisers in the third quarter of FY24, with the majority attributed to Godfrey Pembroke’s...
In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by shadow treasurer Angus Taylor to discuss the...
Investment Trends research has found that brand strength is the driving force behind Australians selecting a life...
A licensee has been sentenced after it failed to lodge financial reports for three straight years.
Op-ed Jones’ contradictory actions, from his unpolished media demeanour to his cautionary warnings to advisers, raise...
On the first day of its 2024 roadshow series, the FAAA released its draft policy platform for member...
Financial advice is having a significant impact on how Australians are engaging with the more complex aspects of their...
Advisers will have more help in understanding the risks presented by artificial intelligence thanks to a toolkit...
With money and emotions linked so closely for many, advisers need to ensure clients are mentally prepared for the ups...
AMP has partnered with BlackRock Australia and Lonsec to launch a new category of tailored managed portfolio...
Underestimating the cost of insurance by almost $75,000 in a statement of advice is among multiple reasons that a...
EXCLUSIVE Speaking to ifa in an exclusive interview, Angus Taylor has highlighted the need to scale back regulations...
EXCLUSIVE The Financial Services Minister defended the CSLR funding model, adding that to “sustainably” solve the...
A client engagement software executive has urged advisers to educate their clients about portals.
AI could help bring down the cost of providing advice and improve process efficiency, according to an industry research...
Financial advice could help ease the minds of retirees made anxious by the high cost of living and inflation, according...
Boiled down to a single example of the complexity and frustration faced by financial advisers when dealing with a...
The corporate regulator says it spends more on investigating the financial advice sector than other sectors because of...
A surge of new entrants to the financial advice system is expected in the coming weeks following the latest exam...
Many Australians are surprised to find their existing investments don’t align with their personal values, according...
The not-for-profit organisation has expanded partnerships to bring free financial advice to those in...
According to the newest members of the FSC board, advice networks having a “seat at the table” is a positive...
ASIC has announced a permanent ban on a financial adviser based in NSW.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its...
Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights...
Advisers undervalue their services, limiting their own potential profits, according to an industry expert.
Proposed regulatory reforms should support super funds’ re-entry to advice but increased complexity has left some...
AMP says the addition of a new low-cost diversified index managed portfolio range on its North platform will help...
In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by Estelle Parker, the co-CEO of the Responsible...
The Joint Associations Working Group (JAWG) has put forward “core principles” to improve the pathways for new...
The FAAA says it has “reservations” about extending performance testing to retirement phase products beyond...
The life insurer is running a monthlong series for the second year to improve advisers’ understanding of the Code of...
The Financial Services Council says it will strengthen its “advocacy on advice issues” with its expanded membership...
Starting his own advice business has allowed him flexibility to be a more involved parent, according to a financial...
The deputy mayor of MidCoast Council wants to put non-regulated “extra service fees” in aged care facilities on the...
Advised Australians enjoy their retirement more than their unadvised counterparts, according to a new report.
Ninety finalists have been chosen to compete at the 36th annual Fund Manager of the Year...
Sequoia shareholders are due to hold a vote regarding the removal of chief executive Garry Crole and are looking to...
The late Steve Jobs gave some excellent advice when he said: “Start with the customer experience and work...
The AIOFP, while supporting the FAAA’s stance on the CSLR, has urged for actionable steps, cautioning that mere media...
This adviser discovered his niche due to a gap he identified in the market’s emphasis on higher-earning medical...
With platforms reporting their quarterly results, there is a clear divide in the adviser markets they are targeting,...
Fortnum Private Wealth and Professional Financial Services have formed a new parent company with Neil Younger at the...
Clients are being widely undercharged for advice due to Australia’s unsophisticated pricing methodologies, according...
Macquarie Bank will pay a $10 million penalty for failures related to preventing and detecting unauthorised fee...
The Financial Advice Association Australia has argued strongly against the implementation of the CSLR, calling the...
A financial advice firm has seen a decline of 10 advisers this week with all moving to a new licensee, while...
As Quality of Advice Review legislation begins to roll out, advisers can start to focus on addressing issues within the...
The number of unlisted financial product terminations is down significantly this year to date, according to APIR...
Following a two-week delay, the Federal Court has approved the $16 million class action settlement.
The adviser “exodus” could be over on the back of the government’s QAR response, according to...
Despite a drop in total life sales for the quarter, Challenger says it is “well placed” to hit an upgraded profit...
Praemium’s Powerwrap platform experienced net outflows of $53 million as advisers continued to transition, bringing...
Financial advisers with a client specialisation manage funds that are an average of 15 per cent larger than...
The wealth management company reported $544 million of inflows from financial advisers in the first quarter of...
The Federal Court has ordered a former director connected to a banned finfluencer to pay $850,000 and be disqualified...
Op-Ed Political mudslinging rarely results in positive outcomes, and those in the crossfire often end up in worse shape...
The AIOFP says the advice profession should be able to self-regulate with minimal interference from “Canberra...
As the demand for financial advice continues to rise while adviser numbers drop, advice firms are turning to technology...
APRA has released its life insurance claims and disputes data for the 2023 calendar year, showing a 97 per cent...
Financial advice businesses Eureka Whittaker Macnaught and Blue Harbour Financial Partners have announced plans to...
Many in the advice profession are being inundated with new client requests as the demand for advice rises and the...
Research has highlighted a disconnect between what clients want from their advisers and what new entrants have when...
The corporate regulator has announced it will have an interim chief executive amid an executive leadership...
Two investment service providers have partnered to launch three investment portfolios under a new white label.
HUB24 has seen a 17 per cent year-on-year increase in the number of advisers using the platform.
Whether you’re growing your business or looking to retire, there is plenty of appetite for corporate deal making in...
Advisers are bracing for the Compensation Scheme of Last Resort levy while the Minister for Financial Services hits the...
Iress has completed the sale of its platform business.
The chief executive of AMP says its advice business is continuing to “reduce costs and improve efficiency”.
AFCA has confirmed that Dixon Advisory has extended its membership, allowing victims to continue to make...
According to a recent analysis, more than half the advisers at closed AFSLs are still on the FAR.
After a warning issued to self-licensed advisers regarding ASIC registration leading to a compliance crackdown, it has...
While the government and opposition both argue for greater access to advice, the head of the FAAA says the events of...
It’s important advisers consider who qualifies as a spouse early in their client interactions, especially when...
Two of Australia’s largest financial advice licensees, Count Financial and AMP Group, have each lost five advisers...
The super and investment fund has added a spot bitcoin ETF to the CFS Edge...
The Federal Court has issued a seven-figure penalty against Lanterne Fund Services, a wholesale licensee which operated...
The Financial Services Council says super funds should be able to nudge members on engaging with their super, but...
The corporate regulator examined super performance in a recent report, with important ramifications for financial...
Financial advisers in NSW are among the lucky few who have experienced a salary rise of more than a third in 2024,...
Life insurers need to improve their procedures following an uptick in breaches related to claims handling, according to...
Netwealth says it has strengthened and expanded its adviser and licensee relationships.
In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by ifa news editor Keith Ford to discuss the...
As the federal election gets closer, the AIOFP says advisers can take advantage of politicians wanting votes.
As the value of practice efficiency grows for advisers, client expectations are adding to the challenge, according to a...
The aged care service provider has launched a consultation project to explore financial advice for older...
The firm continues to be busy in the acquisitions space, announcing an expansion of its Gold Coast offering and the...
The head of Mayfair 101 has been charged with four counts of engaging in dishonest conduct.
The drafting error within the first QAR bill is an “embarrassing blunder” for the government, but what impact will...
A senior ombudsman from AFCA has cautioned advisers to “tread with caution” when applying the wholesale test to...
Balancing the increasing cost of operating against the cost to clients is important in maintaining your profit margin,...
As the responsible investing market recovers from trying times, it is important to better educate clients on the...
Metrics is a leading Australian non-bank corporate lender and alternative asset manager with in excess of $17bn in AUM...
Financial advice can make a massive difference in people’s lives. We know this because we see every day in our data...
The opposition isn’t holding back, accusing Jones and Labor of creating an even bigger mess than the one they swore...
As the intergenerational transfer of wealth is poised to put large sums of money into the hands of people who have...
With a weekly loss of 14 advisers led by declines at Count Financial, the financial advice profession has fallen below...
Analysis from a specialist recruiting firm has shown that Australia is among the highest payers for finance and...
The Joint Associations Working Group (JAWG) says there is still time to fix the first QAR bill – but the government...
The Federal Court of Australia has pushed back a decision on the class action settlement for two weeks.
The experience pathway is drawing former advisers back into the profession, according to a compliance expert.
Wealth Data has found the licensees that lost the greatest number of advisers this financial year-to-date, as well as...
Client retention, competitive advantage, and increased growth potential are among the benefits of this alternative...
Advisers need to expand their understanding of responsible investing in response to Australia’s increasing demand,...
Support from advisers alongside financial education continues to be an integral driver of older Australians’...
A year on from the formation of the FAAA, the merged association’s chair says the body represents a “unified...
The new class of advisers could create a lower entry point for new industry members, according to a financial...
According to Kaplan, potential entrants to the financial advice profession need help to gain clarity on their career...
The professional services group has “beefed up” its executive team as it prepares for its “next phase of...
In the latest episode of the ifa Show, host Maja Garaca Djurdjevic sits down with founder and director of Forte Asset...
Reinsurance firm Swiss Re has found that younger Australians prefer online transactions for insurance...
Despite the first QAR legislation entering Parliament last week, it could be months before there is any movement on the...
Ensuring that qualified advisers are charged the Compensation Scheme of Last Resort (CSLR) levy is crucial, an...
The AIOFP says that the first proposed legislation coming from the QAR is a “relatively small step in the right...
Niching within advice can help provide a better experience for clients through demonstrated expertise, according to a...
A former Sydney financial adviser has been charged with dishonest conduct.
The CSLR has officially commenced and although it’s being viewed as a win for consumers, the scheme’s set-up will...
Despite the exit of Godfrey Pembroke, Insignia Financial has maintained its rank as Australia’s second-largest...
A South Australian accounting and advice firm has joined Count, following its departure from Insignia.
Environmental and social values are heavily impacting the investment decisions of Australians receiving financial...
The FAAA has expressed concern regarding one area of the first tranche of the Quality of Advice Review (QAR)...
The FSC CEO will join a long line-up of renowned speakers at the inaugural summit....
Legislation tabled in Parliament on Wednesday has made some amendments to ongoing fee arrangements and consent...
The FAAA and Kaplan Professional are working on an Advice Academy to address the shortfall of financial advisers in...
The FSC has flagged concerns that the government’s first Quality of Advice Review (QAR) bill is a missed...
Stephen Jones has acknowledged that further legislation will be developed to implement the remaining elements of the...
In the latest episode of the ifa Show, host Keith Ford sits down with Nathan Fradley, who has recently launched a...
The government’s first bill introduced to Parliament on the back of the QAR has added new detail around consent for...
Government has introduced a bill to Parliament to legislate the first stream of the QAR reforms.
Eight ASX-listed financial advice licensees have experienced a “significant jump” in gross revenue per financial...
AFCA says it has increased its team to deal with the volume of CSLR complaints, but with a massive backlog of cases,...
An investment specialist says estate planning and improving financial literacy are essential as Australia prepares for...
Australians receiving financial advice are generally more confident about their finances than those who aren’t,...
The complaints authority says it is prioritising complaints against Dixon Advisory.
The combined impact of the ASIC levy freeze ending and the CSLR levy being introduced may cause some advisers to call...
The FAAA says financial advice firms should not be captured in AUSTRAC’s outsourcing guidance.
Improving access to affordable advice is the “most impactful” way to improve retirement outcomes, according to...
High-net-worth women are looking to employ a team of supportive financial services to meet their investment needs as...
Regulatory reform has significantly impacted the profitability of the provision of advice but a “new normal” may be...
It is no surprise that in the ever-evolving world of business, there is a never-ending list of topics leaders are...
The corporate regulator appears stuck between an ambitious, exploratory approach to civil action and a reticence to...
The Governance Institute of Australia has raised concerns about a proposed reduction in the frequency of regulator...
The corporate regulator has issued another warning to advisers and licensees, reminding them of their ongoing...
Another financial professionals association has joined the chorus arguing against the retrospective nature of the...
The proportion of new entrants who decide to remain in the financial advice profession is on the rise but overall...
The SMSF Association said it is “extremely concerning” that financial advisers are being asked to fund compensation...
A parliamentary committee has kicked off an inquiry into the wholesale investor thresholds.
With an increase of 25 advisers since the start of the year, Wealth Data has identified the licensee seeing the largest...
Financial services class actions are back on the agenda after a “brief reprieve” in recent years, reporting a 69...
The software firm has partnered with a financial services employment company to help boost the flow of new...
An advice firm and an accounting practice have partnered up to improve access to advice in regional Western...
The FAAA wants to see the government pick up the entirety of the legacy Dixon Advisory matters.
Australia’s second largest super fund says financial advisers have a “critical role to play” in the retirement...
Several distinguished speakers have been added to this year’s summit line-up to explore the future of financial...
In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by Phil Anderson to discuss the industry’s...
The $300 billion fund has announced the development of a new flexible lifetime income option in partnership with...
The corporate regulator has permanently banned a Queensland-based adviser from providing any financial...
Op-Ed The government that promised to fix “the hot mess” is now being accused of driving advisers out of...
The CSLR will hit advisers for almost $1,200 to cover 1 July 2024 to 30 June 2025, but this figure could...
The fluctuating nature of financial services leaves many in the dark about the value of their businesses, according to...
A third individual involved in the Courtenay House Ponzi scheme has pleaded guilty to two criminal charges.
The central bank has announced its second interest rate decision since a major revamp.
Following the release of the estimated CSLR levy, the FAAA has called for the government to “urgently” address the...
More than 4,500 SMSF trustees who were provided administration services and financial advice from Dixon Advisory have...
The advice association says it supports legislative reform to ease stress on small businesses while maintaining the...
A financial services firm has announced the launch of its program to help empower women and increase their financial...
The Compensation Scheme of Last Resort (CSLR) has determined the estimates for the first and second levy periods that...
In what is a good news story for investors, financial advisers have watched a range of stocks reach or near their...
The FSC has backed the further expansion of tax deductibility for advice fees, particularly upfront fees.
An experienced financial adviser has set up an independent practice to assist with complex client needs.
Allowing institutions to provide advice to members could set them up for a better retirement, according to a super fund...
A new report has revealed an upward trend in managed accounts being used, with funds under management close to $200...
The corporate regulator says it is encouraged by the high level of compliance with the new regime.
EXCLUSIVE ifa has learnt that Treasury’s idea was for “qualified advisers” to be “qualified” by their...
The Grattan Institute believes the government’s proposal to allow superannuation funds to provide financial advice to...
The AIOFP has announced details of a new program with a rural succession planning group.
A number of large licensee owners have maintained growth even as adviser numbers continue to drop, according to an...
Senator Jane Hume will join the speaker line-up at the inaugural Australian Wealth Management Summit....
The QAR lead says there are conflicts between a super fund acting as a trustee and providing advice.
The FAAA says there has been strong progress made on the tax deductibility of upfront advice fees but is pushing for...
Sharing the success of your practice with staff can lead to a boost in profitability, according to new...
A practice focused on risk advice has joined the newly relaunched Intelligent Planning, also taking on a part-share of...
An adviser who failed to provide statements of advice has been hit with an FSCP reprimand.
The head of the FAAA says that while nothing is set in stone, draft legislation for the final stages of the QAR could...
AI could be implemented to give clients basic financial advice, according to a financial adviser.
The FAAA, along with a number of other professional bodies, says the draft aged care legislation needs to clarify the...
Funds under management (FUM) in managed accounts saw immense growth in the six months to 31 December 2023.
The profession needs to do better at showing people what they actually do, according to a financial adviser.
Australian Retirement Trust says financial advice can help women improve their financial confidence – and it wants to...
Amid talks of a looming $3.5 trillion intergenerational wealth transfer and the growing focus on financial advice, many...
The new financial sector regulatory initiatives grid will impact a number of entities, including banking and...
New research has identified culture, streamlining operations and expert advice as three actionable strategies that can...
The AIOFP says that the ASIC levy is an example of how the “Canberra bureaucracy” has forgotten who they are meant...
The Treasurer stated the government is seeking to “canvass a range of options” towards reforming the test to...
The financial advice profession is in good health, according to new research, with revenue per client up 8 per cent...
According to an adviser specialising in divorce, financial advice is “the biggest secret to keeping your marriage...
According to a financial adviser, it is important to take it slow with female clients.
The last week saw considerable adviser movement among the largest licensees.
The Financial Advice Association Australia (FAAA) says it still “has a way to go” on gender diversity but that many...
According to a financial adviser, more women within the profession need to become business owners.
As the world celebrates International Women’s Day today, ifa is proud to host the first-ever Women in Finance Network...
New research has found that more than a million Australians plan to seek an adviser in the next two years, but cost...
Following a delay that prompted the regulators to hold back enforcement, Financial Services Minister Stephen Jones has...
The advice association says the possibility of bias and conflicts of interests with super funds providing advice will...
Count continues to grow as a Melbourne-based financial advisory business joins them, leaving AMP behind.
The FAAA 2024 roadshow series will kick off at the end of next month and run through May.
A risk consultancy firm says advisers should start preparing for MIS regulatory changes, regardless of no official...
In the latest episode of the ifa Show, host Maja Garaca Djurdjevic sits down with Adele Martin, the founder of My Money...
Adviser Ratings has entered a strategic partnership to introduce a professional indemnity (PI) insurance solution,...
The opposition got a revamp on Tuesday, but does the new shadow financial services minister have the right...
An industry veteran says it would be an “absolute tragedy” if the framework for the new class of advisers didn’t...
The Adviser Games is back again, kicking off its first event for the year in Melbourne tomorrow.
Over 260 finalists have qualified for the inaugural Australian Wealth Management Awards 2024. ifa invites them to lodge...
Opposition Leader Peter Dutton has announced a new-look shadow ministry, including a new shadow financial services...
WT Financial believes qualified advisers should also be employed by advice firms.
The key to training advisers in their professional year is getting them involved in “interventional conversations”...
New research has highlighted the role of advisers in helping Australian women become financially prepared for...
Adviser Ratings says advisers are increasingly using managed funds as a way to increase efficiency and provide a more...
The financial services industry is changing, and what clients expect from financial advisers is changing too. An...
The financial adviser exam changes are expected to considerably boost the pass rate.
On the back of strong half-year results, the head of WT Financial says its revenue sharing model is a “key...
There can be a range of benefits to finding a specific niche for your advice practice, but there can also be a fear of...
Michelle Levy’s law firm found it ‘curious’ that the government chose to designate the new class of advisers as...
The sentiment among practice and business development managers has deteriorated in recent years, new research has...
The advice network has announced that its acquisition of Diverger is now complete, with the combined entity...
If advisers have met new industry standards, they should be trusted and fee consent hurdles should be reduced,...
According to the latest Wealth Data analysis, increased withdrawals of super benefits could provide increased...
ifa is pleased to launch a groundbreaking new conference that will set the stage for transformative change in wealth...
The deadline for submission of internal dispute resolution (IDR) data to ASIC has passed for a range of financial...
The Federal Court has ruled that an Australian Financial Services licensee did not take reasonable steps to ensure that...
The head of the Association of Independently Owned Financial Professionals (AIOFP) says any “advisers” employed at...
The financial advice network says its shift to an advice network focus “to capitalise on industry disruption” is...
Advice firms need to look towards emerging technologies such as AI to reduce time spent on back-of-office...
Nominations and submissions have opened for the individual categories at the 36th Annual Fund Manager of the Year...
The firm has announced a partnership with a digital advice platform developer to help launch the platform later this...
In this episode of the ifa Show, host Keith Ford is joined by Peter Johnston, executive director of the Association of...
The peak body for the superannuation industry says that intra-fund advice should be widened to cover the transition to...
In its latest half-year results, the asset manager credited the growth to a full six-month contribution of Pendal Group...
Several finance firms reported pay gaps far exceeding the national average.
Could the financial services industry benefit from the integration of AI to produce better outcomes for...
Fiduciary Financial Services has announced a partnership with digital engagement and marketing platform Feedsy.
The corporate regulator has cancelled the Australian Financial Services Licence following orders that it be wound...
The government has been encouraged to expedite advice changes to allow funds to provide more advice sooner.
A new class of advisers with a more limited scope and lower education standards should be viewed as an opportunity to...
The Financial Services Minister has announced that the financial services misconduct compensation scheme will...
The Financial Services Council (FSC) says that while the improved flexibility already announced is welcome, there are...
New data has revealed that when it comes to gender pay gaps, financial and insurance services stand out among the worst...
If we had to boil it down, financial advice is only two things: 1) A client’s goals, and 2) the recommendations to...
The head of the Association of Independently Owned Financial Professionals (AIOFP) says advisers failing to manage...
The firm has announced funds under advice of $67 billion and an increase in adviser numbers.
The platform business has announced a $4 million net profit after tax (NPAT) for the first half of the 2023–24...
ClearView has increased its market share in the independent financial adviser market to 10.9 per cent on a rolling...
AMP looks to “solidify” its position as Australia’s leading professional services provider by delivering...
Advisers need to ensure they don’t get too caught up in regulatory changes and forget about their current...
Andrew Bragg has called for close scrutiny of the regulatory architecture, partly inspired by the rocketing ASIC levy...
The company, which was haemorrhaging close to $100 million before tax just three years ago, has successfully navigated...
According to the latest numbers from Wealth Data, Insignia is poised to drop to the third-largest licensee based on...
Market wrap report shows advice platforms are moving to expand their digital offerings and improve client...
InterPrac advisers are joining the AIOFP in a move funded by Sequoia director Garry Crole.
The Quality of Advice Review (QAR) aimed to improve access to advice for all Australians, but will the government’s...
Sequoia’s licensees achieved the “highest net organic growth” in adviser numbers in calendar year 2023.
The wealth management firm is down 326 advisers; however, it posted a positive underlying net profit after tax (UNPAT)...
ASIC has accepted a court-enforceable undertaking from a former Melbourne financial adviser regarding advice on...
ASIC has issued a warning to advisers and their licensees after identifying deficiencies in their oversight of Choice...
Rest plans to offer its members a collectively charged digital advice tool, as well as access to phone-based...
In its full-year results, Iress says it is “well positioned” for growth opportunities emerging from the Quality of...
Bravura is seeking to be a market leader in digital advice, as the firm focuses on rebuilding the business.
According to a financial adviser, professionals looking to switch licensees need to “appreciate the weight” of...
Treasury officials were unable to provide a clear explanation regarding the origin of the term “qualified...
The chief executive of the FAAA says that encouraging more new entrants to financial advice is vital to improving...
As of 31 December, the funds under administration (FUA) stood at $78 billion, with 31.9 per cent of the wealth held by...
An industry veteran has joined two digital advice fintechs as an executive adviser.
The platform has announced a $30 million underlying profit in its first-half results for the 2023–24 financial...
Overall inflows into the life insurance risk market increased 1.1 per cent over the last year.
Count will have over 550 financial advisers upon the completion of the Diverger transaction.
Financial advisers are looking for practical solutions to running a business and 2024 looks set to be a year of fresh...
Easy Super, founded and directed by Natalia Clack, is a leading SMSF accounting and consultancy firm that specializes...
In a submission to Treasury, the SMSF Association has lobbied for a “fit-for-purpose licensing regime for qualified...
More than three-quarters of Australians are in favour of superannuation funds providing “basic advice and...
According to one adviser, once younger Australians understand how financial advisers are helping clients, they will be...
HUB24 has maintained its first-place ranking in Investment Trends’ platform functionality rating.
Only a very small number of advisers remained unregistered post the 16 February deadline, ASIC told ifa.
Treasury officials have failed to acknowledge the link between higher ASIC levies and the cost of advice.
It is understood that very few advisers remained unregistered as the clock struck midnight.
The Australian Financial Complaints Authority (AFCA) has published a framework for handling Dixon complaints.
The advice network has announced the Diverger acquisition is set to be finalised in March.
Treasury has kicked off another series of QAR-related roundtables, bringing together advice associations and other...
Total claims made by customers of Dixon Advisory now amount to $374 million.
AMP chief executive officer Alexis George and her team have worked hard on improving the firm’s image among advisers,...
The head of the FSC says the advice industry is big enough for everyone as the field opens back up to...
The demand for advice is not just being felt in Australia, but the growth in financial planning worldwide is shining a...
After years of red tape and regulatory change, and more on the way with the QAR reforms, is there hope for stability in...
In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by Angus Taylor, a financial adviser at...
The number of advisers that wrote the majority of all new life business continues to shrink, according to Adviser...
The FAAA has stressed the importance of financial advice to retirement outcomes in a submission to Treasury and called...
The Financial Services Council (FSC) says the sophisticated investor test needs to be updated to protect...
AMP’s advice business continued to rack up losses in 2023 despite the firm’s focus on stemming the bleed.
Challenger hosted over 60 adviser roadshows in the first half of the financial year in a bid to help position the firm...
The wealth management group announced the launch of its new advisory program to help financial advice businesses...
ASIC has permanently banned a Perth financial adviser following his convictions of fraud.
In a submission to Treasury, the investment manager urged the government to push through QAR legislation as well as...
The AIOFP and the FBAA are establishing a panel of adviser-focused associations to represent all members in...
The Treasurer has provided assurance that there will be no alterations to either negative gearing or capital...
The listed advice group has continued its growth strategy with its latest acquisition.
The life insurer has added a series of new resources to its adviser education platform.
The head of the FSC says that Financial Services Minister Stephen Jones must prioritise financial advice in...
In the past four weeks alone, nine licensees have recommenced their operations, signalling a notable...
Almost four years after ASIC first took action against Mayfair 101, the investment group has resumed payments to...
Australians are increasingly seeking financial security for their families by prioritising life and income insurance,...
AFCA is taking part in The Adviser Games slated for March in Melbourne and Sydney.
With the government moving to clarify the way that superannuation funds can charge members for advice, the question now...
The head of a research firm says the intergenerational transfer of wealth may be even larger than expected, and...
There were three departures for every new adviser in the last quarter of 2023, suggesting that correcting the balance...
Financial advisers are increasingly recommending low-cost exchange-traded funds (ETFs), particularly for their younger...
The fund manager announced the launch of digital portfolio insights and an online portal in Australia to help financial...
Hudson Financial Planning is a family run, professional advice firm, providing trusted advice for over 30 years. We...
Exactly one year ago, the QAR storm officially kicked off with the release of Michelle Levy’s final report by...
Responding to media reports, the Financial Services Minister says the government “hasn’t made any decisions” on...
Insignia has appointed a new CEO after Renato Mota announced his departure in late October.
In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by Blake Briggs, the chief executive officer of...
The Association of Independently Owned Financial Professionals (AIOFP) is pushing for a return to pre-LIF...
Following an application by ASIC, the Federal Court has ordered that an advisory be wound up on just and equitable...
A petition lodged with Parliament has called for licensees to bear more of the ASIC levy burden.
The listed advice group has announced a pair of acquisitions following the confirmation of its Diverger deal.
New research has found that with half of all online investors identifying as novices or advanced beginners, education...
The central bank has announced its first interest rate decision since a major revamp, which will see the board meet...
Late in 2023, the ATO released a draft taxation determination on the deductibility of advice fees, but how will this...
While interest rates have been largely attributed for record-high inflows to fixed income, an ETF investment strategist...
While 95 per cent of financial advisers are now registered with the corporate regulator, those remaining risk being...
The majority of Australians believe their financial health plays a role in their overall physical and mental wellbeing,...
While the Parliament passed the legislation to implement the Financial Accountability Regime back in September, a delay...
Employee benefits are more than a nice-to-have; they’re a lifeline that can revitalise a workforce, even when the...
As 16 February approaches, FSC’s Blake Briggs has urged self-licensed advisers to ensure they register with ASIC...
While super funds have been working on expanding their advisory capacities, the CEO of the FAAA says it is unlikely...
The weekend marked the five-year anniversary of the Hayne royal commission, but financial services professionals are...
The first FSCP determination for 2024 is due to a relevant provider receiving “soft benefits” under a commercial...
ifa is hosting a free webcast in February on how one retirement income solution could prepare clients for...
Is there a correlation between bathroom renovation and the establishment of an SMSF, or are super funds orchestrating a...
Defining simplicity within “simple advice” is crucial to preserving the progress made in the profession since the...
Losses at Count and Diverger, which are set to merge in March, have wiped out the double-digit adviser gains seen last...
The financial services company has dipped into the paraplanning industry in its first acquisition of the year.
New research has found a solid average increase in financial advice practice revenue, which should flow through to...
In our latest exclusive, live, and free webcast, delve into the transformative realm of retirement income solutions...
FAAA CEO has confirmed that the term “qualified adviser” is not set in stone.
The Association of Independently Owned Financial Professionals (AIOFP) is looking for support from both sides of...
The chair of the corporate regulator says regulations already in place can work for AI in financial services, but there...
An increasing number of women are looking for advice to ensure that they and their family are taking the right steps to...
In this special episode of the ifa Show, we bring you a chat editor Maja Garaca Djurdjevic had with David Tuckwell,...
Early results from Adviser Ratings’ Advice Landscape study have shown a significant uptick in how satisfied advisers...
The FAAA has called out the government for profiting from ASIC enforcement action in its pre-budget submission, while...
The SMSF Association says that limited licensing is a “dying model” and accountants have a role to play in...
The federal government has released draft legislation aimed at providing greater flexibility for financial advisers to...
The Australian National Audit Office should review the ASIC industry funding model, according to CA ANZ.
Netwealth has reported a record $6 billion FUA increase.
A senior leader within the company is now at the helm of Insignia’s newly created division which aims to provide...
Gen Z Australians are embracing a “cash conscious attitude”, but that doesn’t mean they don’t need the services...
Dirigere Advisory has relaunched as Intelligent Planning, which it says it will help fill a gap in the market.
Business plans don’t always work out (as planned … sorry!).
More than 30 per cent of financial advice clients are willing to subsidise advice fees for their children, according to...
As many as 18 advisers joined the financial advice industry last week, with new entrants accounting for the vast...
Several members of the banking and finance industry have been recognised in the Australia Day 2024 Honours List, among...
The corporate regulator has sought contempt of court orders against a Melbourne-based former director of Wealth and...
Labor has announced major changes to stage three tax cuts, with the PM assuring plans won’t interfere with...
The Financial Advice Association Australia said it strongly supports the rollout of Digital ID and will facilitate,...
With impending exam changes scheduled for implementation in March, ifa sought the opinions of advice professionals to...
Insignia’s adviser count suffered a significant setback in the last quarter of the 2023 calendar year.
ASIC has announced it is incorporating changes to the financial adviser exam from March....
In this episode of the ifa Show, host Keith Ford is joined by Glen Hare, co-founder and financial adviser at Fox &...
One of Australia’s largest life insurers will provide group life insurance for AMP Superannuation Fund...
As we all do over the Christmas and new year break, we take the time to catch up with both family and friends. Some...
Exclusive ASIC insists that it has explained the registration process to advisers as “clearly as...
Super Consumers has urged the disclosure of the actual commissions paid by insurers to advisers.
The Financial Advice Association Australia (FAAA) says that APRA should consider the struggling risk sector when...
Now is a good time for financial advisers to consider how technology can further enhance their advice practices in...
There are more clients than the number of advisers available can handle and, according to a platform executive, digital...
Following the Women in Finance Summit and Awards 2023, we’re catching up with some of the leading women in the...
New research into the latest developments in digital technology used to deliver wealth services has been revealed....
The war in Ukraine has dramatically increased the need for energy independence in the European Union (EU), which...
The latest report from Netwealth has highlighted the growing value advisers place on virtual meeting...