12+ hour, 45+ min ago   (394+ words) This comes as the Government has essentially greenlit the large superfunds too invest deeper in their financial advice capabilities following the announcement of the implementation of the ‘New Class of Adviser’ regime. “Advice has the power to change lives, not…...

3+ day, 13+ hour ago   (488+ words) A core part of Financial Services Minister Dan Mulino’s tranche of reforms announced last month was a new anti-hawking regime, which will enhance consent requirements, limit the existing financial advice exemption to existing client relationships and strengthen penalties for breaches....

4+ day, 12+ hour ago   (466+ words) This data comes as the rest of the retirement and super sector tries lift confidence amid growing anxiety within the market and Australia faces down a ‘Silver Tsunami’ of retirees. According to the research, 35 per cent are aiming for $1.25 million…...

4+ day, 15+ hour ago   (493+ words) ASIC is looking closely at super trustees in the wake of Shield and First Guardian which means advisers should expect greater scrutiny when it comes to clients paying for advice out of their super, according to Joel Ronchi, chief executive…...

4+ day, 14+ hour ago   (562+ words) Whether advisers are using an asset-based, fixed fee or hybrid model, Vital Business Partners (VBP) said the effectiveness of any pricing model isn’t about its position relative to a market benchmark, rather it’s about whether clients see enough value to…...

4+ day, 14+ hour ago   (419+ words) Aperio Financial Services has been advising families, business owners and young professionals for roughly 40 years. Employing three staff in its financial planning division, Aperio offers services in tax matters, mortgage broking and loans. Matt Lawler, chief executive of Akumin, a…...

5+ day, 14+ hour ago   (458+ words) Findings from CFS’s 10x program, which partners with advisers to “help them identify opportunities to improve performance, drive growth and better meet evolving client needs”, the top 20 per cent of advice firms serve an average of approximately 190 clients per adviser, compared…...

5+ day, 14+ hour ago   (394+ words) Acclaim has named Tony Smith to the new position, stating the appointment will help deepen adviser relationships and support its next phase of growth under recently appointed chief executive Julie Hamilton and COO Aimie West. Smith brings more than two…...

6+ day, 12+ hour ago   (600+ words) Garry Crole has been banned by the regulator for 10 years from performing as a director or responsible manager or any function involved in carrying on a financial services business, effective from 4 September. ASIC said the ban is the result of…...

6+ day, 13+ hour ago   (1040+ words) This provision allows super trustees to seek financial assistance from the Financial Services mister to cover losses resulting from fraud. In this case, that related to the $240 million lost across 2,079 members connected to Diversa. In his opening statement, Diversa independent…...