Latest News

Goals-based advice 'a fad', says adviser
The idea of goals-based advice is flawed and is “a fad that’s likely to be short lived”, according to a director of a non-aligned advice firm. Read more
Advice firms on lower end of health scale: report
A new report by KnowITdigital has given the health of financial planning firms a 62 per cent rating, citing “significant areas of weakness”. Read more
US independent picks up UBS and Merrill Lynch advisers
Chicago-headquartered registered investment adviser (RIA) firm HighTower has picked up an additional US$500 million FUM with the addition of four new Read more
ASIC calls for broader whistleblower definition
The corporate regulator has said the current definition for whistleblowers in the Corporations Act is too narrow, and may remove incentives for those Read more
Decimal announces MOU with industry consultancy
Decimal has signed an agreement with a financial services consultancy firm in an effort to engage with its superannuation and bank clients. WrRead more
ASIC-NSG court case highlights advice firm dangers
The result of ASIC’s first best interests duty court case is proof that advice firms must have processes that go beyond putting clients into productRead more
Traditional advice models under ‘extreme pressure’: ClearView
The traditional financial advice service is increasingly being offered cheaply by industry super funds and robo-advisers, making it essential for adviRead more
MLC creates new customer engagement role
MLC Life Insurance has announced the creation of a new role aimed at helping advisers better understand changing consumer needs and building long-termRead more
Lambert steps down from Countplus
Countplus has said it appointed a new chairman after Barry Lambert announced his retirement from the CBA-linked company. Write comment (0 ComRead more
Infocus unveils new leadership team
Non-aligned dealer group Infocus has announced it has restructured its senior leadership team and recruited a number of new team members across its opRead more
Advisers overhaul businesses amid regulatory changes
A group of advisers say they have had to increase their fees, invest in technology and introduce extra services in response to the changing regulatorRead more
457 changes a ‘grave misstep’ for fintech
FinTech Australia has called the government’s recent changes to the 457 visa program a “disaster” for the start-up community. Write commRead more
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