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Average Aussie shouldn’t pay an adviser, says AMP
AMP chief executive Francesco de Ferrari says an ‘average’ Australian on an $80,000 annual salary shouldn’t be paying a full-time adviser on a r...
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FASEA releases guide to code of ethics
The Financial Adviser Standards and Ethics Authority has put out a guidance document to assist advisers in understanding, interpreting and applying it...
CountPlus firm acquires Latitude Advisory Services
A CountPlus member firm has finalised terms to acquire advice practice Latitude Advisory Services as the firm broadens its service offering. W...
Class action filed over grandfathered commissions
Major law firm Slater and Gordon has filed a class action on behalf of 500,000 Australians who were charged excessive superannuation fees to fund ongo...
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AFSL forced to shut down robo-advice tool
A Sydney-based licensee has voluntarily shut down two digital advice tools following concerns raised by ASIC. ...
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Closing advice gap on ASIC’s radar for 2020
ASIC chair James Shipton says he is “acutely aware” of the growing shortfall of financial advice as it plans to embark on further research into t...
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Former adviser jailed for 12 years
A former Brisbane financial adviser found guilty of fraud after a three-week trial has been sentenced to 12 years in prison. ...
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Advisers flock to individually managed accounts
Financial advisers are increasingly shifting to individually managed accounts (IMAs) for client portfolio management, according to Implemented Portfol...
