ASIC launches financial advice toolkit
ASIC has launched an online toolkit aimed at helping Australians better understand and navigate financial advice.
The new financial advice toolkit, created by ASIC’s MoneySmart, lets consumers identify goals, receive tips on choosing an adviser and the fees involved, understand a Statement of Advice and review their financial situation at least once a year.
Consumers can use the toolkit to create a customised 'to do' list while links to the Financial Advisers Register are included so consumers can check adviser credentials or bannings, ASIC said.
ASIC deputy chairman Peter Kell said, "Australians face major financial decisions throughout their lifetime, many of which can be complex and confusing. Yet only about one in five Australians obtain financial advice. ASIC recognises the value that quality advice can deliver and wants to see this increase.
"ASIC's new toolkit is a practical resource to help Australians assess the quality of the advice they receive and make better financial decisions."
The MoneySmart Financial Advice Toolkit is available on ASIC’s MoneySmart website.
Industry unites on model portfolio data standards
More than 20 organisations from across the financial planning industry have coll...
State Street ETF portfolios available on platform
Advisers can now access a new suite of exchange-traded fund model portfolios fro...
FASEA reveals course and diploma approvals
The Financial Adviser Standards and Ethics Authority has confirmed it has approv...