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ASIC sounds major warning on 'licensee for hire' firms

ASIC made no secret of its assertion that Lanterne operated purely as a "licensee for hire", which is an ominous reminder for licensees operating with thin...

QAR legislation stumbles on prohibitive super fund advice fee rules

It was assumed by industry that a glaring gaffe in the government's draft legislation, which forces super funds to assess every piece of advice before...

CSLR adds to the burden on industry it's meant to support: FAAA

There are several bones of contention that the FAAA, and the industry more broadly, has with the compensation scheme's settings, despite supporting it in...

Have we reached peak model portfolio?

There is an incredible rush to bring model portfolio offerings to market from every corner of the advice ecosystem. From platform providers to licensees and...

Advisers cram in the clients, but have more support than ever

When you have an increase of 50 per cent in support staff over a 4 year span, it hints at some serious changes to the shape of advice practices across the...

Both human and digital advice constrained by the same price-to-value dilemma

The good news? Millions of unadvised Australians see the value in financial advice. The bad news is that the vast majority remain reluctant to attach market...

Advice fees still hinge on FUM, but the future may well be flexibility

Clients have a right to know how advisers justify a fee of $15,000 per year when the investment income on a $1.5 million portfolio is only $75,000, says Drew...

Advisers warned: Choice super returns must be monitored and explained

Advisers should treat Choice super performance as a "primary consideration," the commissioner stated, while licensees should have "rigorous processes" for...

Iress' big loss on OneVue deal caps five years of platform bloodletting

It's a spectacular transaction, one that marks not only the likely nadir of Iress but what should be the end of five very frothy years of M&A activity in the...

'Make it cool': Hunt for grads heats up as professional service firms scramble for talent

Making up the adviser shortfall is going to be a challenge, with the big professional services firms just as desperate for top-level talent as advice groups....

AI will reimagine advice marketing and client relationships more than investment: Netwealth

From organisational improvements to client "nudges", the potential for AI to transform advice businesses is limitless according to Netwealth's Andrew Braun.

Advice review to help consumers move up advice 'continuum': Panel

Bringing super funds and other institutions into the advice ecosystem should benefit consumers by creating an organic path for them to follow as their needs...

More clients per adviser forecasted as Australia follows UK industry evolution

Our advisers may be a few years behind the UK industry in terms of development, but when they catch up there will be ample reward according to CoreData's...

The 6 ways policymakers can fix advice in the 2024/25 budget: FAAA

The collation of issues is an important marker for how many areas of advice legislation still need improvement for the industry to thrive, with fairness at the...