Another significant recruit has joined the new venture, with ex-Mutual Trust family office adviser Angus Mann bringing a wealth of experience and a reputation for holistic client care to Viola Private Wealth.
While firms are focusing on improving their operational capability and leveraging good technology to make their practice more efficient, this ambition needs to be tempered by an awareness that those same opportunities create openings for different risk sets.
While the second tranche of DBFO reforms remain stuck in parliamentary mud, an inquiry into the CSLR design and Dixons Advisory scandal is already falling behind.
As a result of reform failures, the industry and its consumers are now enduring the “costly overhang” of poor regulatory design and regulation, the council boss said.
By dint of the fact that they have longer life-spans, women are set to receive the vast majority of spousal inheritances in the next quarter century or so. For advisers, that shift has important implications.
Whether there’s an ETF bubble brewing or not is moot, and the debate only obfuscates the real risks. When markets do recalibrate, how will a new generation of fervent ETF believers react?
The association has hit back at spurious claims from the Treasurer that the government conducted “heaps of consultation” on its proposed tax for super balances over $3 million.
The market will turn at some point, which puts a number of dangers in front of retirees. Australians have historically been wary of structured products, but a new breed of defined return vehicles look to combine surety with a measure of liquidity.
While the council’s plan for broad tax reform will grab headlines, its three recommendations for the advice industry have the potential to radically uplift the overall health of the financial services sector.
The US and Australian advice systems may not be completely analogous, but ETF usage is surging across both markets and the need for more resources is becoming stark according to researchers.
