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'Really concerned': Jones admits worry over QAR draft, stands by advice reform schedule

"I was really worried people would say ‘Is that all?'" the minister said, before explaining that he didn't want to submit key compliance reforms until they...

AMP's $100M BOLR bill a win for all sides

Advisers won the case against a well-armed opponent and can move on with more financial parity, while AMP's shareholders and executives can put a long-overdue...

Financial advice and the power of language

Most advisers know the value of changing their language when switching from industry speak to client discourse, but many still fall into the trap of distancing...

Code of Ethics important, but it won't supplant the Safe Harbour Steps

The government's position on what to do with the Safe Harbour Steps is no longer clear, but the chances of seeing it supplanted by the existing Code of Ethics...

The advice business that thrives will align towards its true niche

To make advice work, advisers need to home in on the centre of their business proposition, sometimes at the expense of their better intentions.

Start counting the ways AI can help an advice business grow

The potential for artificial intelligence to aid the delivery of financial advice is being recognised globally, and should lead to a "redefinition" of the...

Advisers want one thing above all else from their fund managers: Report

Advisers still place a lot of emphasis on historical performance and fees when they sum up the value of a fund manager, but it's the thinking behind their...

Advice reform stalls as Jones dithers on SOA, safe harbour changes

Even with a lightened agenda, the government failed to finish its homework and instead delivered only a portion of the first tranche of advice reforms. It's a...

OpenInvest hunts 'buyer with a bigger balance sheet' in search for scale

Despite a unique value proposition and some notable backers, wealth admin platform OpenInvest finds itself once again looking for capital. "We've had mixed...

Shareholder groups ASA and AIA merge to create 'powerful entity'

The Australian Shareholders' Association and the Australian Investors Association have agreed to amalgamate in the new year, seeking to grow their membership...

Number of wealthy investors not seeking advice 'persistently' high

Even though there are thousands more HNW investors in the country this year, they are a lot less willing to pay the going rate for financial advice according...

So how much revenue does the average financial adviser pull in, anyway?

While one listed group reported $236K revenue per adviser, another said its advisers brought in $600K each. But the extraordinary delta is more a function of...

'Open-mindedness' key in the era of correlated bonds and equities

The prevailing market dynamic has changed, with inflation fanning volatility and bonds no longer providing diversification ballast against equities. Active...

Advisers offered '$50K bump in salary' as talent poachers circle

It's not just money being thrown at financial advisers, with title changes, more responsibility and "other added benefits" also on offer according to financial...