Financial advisers are using separately managed accounts (SMAs) at their highest ever recorded level, says JBWere.
“We expect adviser take-up to continue to improve during 2015 as a result,” he said.Over 51 per cent of advisers who use SMAs said they are more appropriate for SMSF clients, the report found. Advisers who do not use SMAs cited an “education gap” as a barrier, while 40 per cent said they did not know enough about them.
Diverger has made an offer to acquire Centrepoint Alliance, a move that would create one of the largest licensees behind only Insignia and AMP.
The corporate regulator has outlined a key focus on product labelling and advertising.
The federal government has sought to clear up uncertainty about the status of crypto for tax purposes following the adoption of bitcoin as legal tende...
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