financial advice

Despite the emotional expenditure required to hold someone’s hand in the darkest hours of their life, whilst retaining a high degree of professional acumen, it is both a responsibility and an honour. But it can leave a scar, writes Drew Meredith.

The minister is putting his financial advice eggs in the superannuation basket, with dramatic changes to the existing intrafund advice models being considered. “I don’t think fiddling with intrafund advice is going to get us where we need to be,” he said.

As romantic as it may be to proclaim the emergence of an advice profession and to suggest that a ‘good advice’ duty is a panacea for systemic failures, the retreat of institutional licensees from advice is not necessarily evidence of our capacity for self-regulation.

Anthony Kapetanovic from Akambo Financial Group shares insights with James Dunn from The Inside Network on “How do you see the financial advice industry evolving in the future?”.

As part of the government’s commitment to ensure Australian’s can access quality financial advice, a new disciplinary system for financial planners has been proposed that includes a raft of changes including many previous roles falling under Treasury and ASIC coverage.   The Financial Planning Association of Australia (FPA) has thrown its support for the Government’s…

The Financial Planning Association (FPA) this week released guidance on best-practice approaches to file note records to support more transparent and detailed record-keeping. The changes come in response to consumer complaints that highlighted gaps in records as part of subsequent investigations. The FPA said “The new guidance provides innovative ways for financial planners to create…

As highlighted in our article recently covering the formation of the ‘single disciplinary body’ to govern and regulate individual financial advisers, the landscape continues to evolve on a near daily basis. Comments from ASIC in response to their call for submissions to make financial advice more affordable, suggested the Record of Advice could be set…

Rough day but positive finish, tech leads the way, iron ore’s new high, AMP’s new low The ASX200 (ASX:XJO) managed a small gain despite a volatile day on markets, finishing 0.1% higher on Friday taking the weekly gain to 1%. Once again, the tech sector is leading the way, jumping 4.4% over the week as it appears inflation…

This week we caught up with Luke Spiller, a partner at Melbourne-based Scholten Collins McKissock Wealth Management. Luke is an up-and-coming leader in the financial advice industry, a ‘lifer,’ so to speak, who points to the evolution of investment markets as a key reason why he is as excited as ever to be in the…

More high-net-worth (HNW) investors are open to receiving financial advice than a year ago, but they are yet to do so, according to the latest report from Investment Trends. There were an estimated 485,000 such investors on September 30 last. The report, the 13th in the firm’s annual series, is billed as the largest of…