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Funds management marketing set to change with new wave of generative AI tech

The task of standing out in a crowded market place is not getting easier for product providers. Generative AI may hold the key, Michael Kollo says.

Licensing update: Learning from Lanterne

ASIC's successful case against the rogue "licensee for hire" serves as a timely reminder of what can happen when AFSLs aren't on top of their compliance...

Industry 'backed up', waiting to invest in QAR reforms amid election uncertainty

The government's reform package may be flawed, but it's crucial that the first tranche goes through parliament before the next election, Abood said. Further...

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.