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'The destination is what's important': FPA/AFA chart next stage of merger plan

The draft documents to be handed out in December will contain information members can use to assess whether a union between the two groups is the best way...

Advisers, is this our Kodak moment?

The rise of digital photography at the turn of the 21st century basically spelled the end of Kodak. Similarly, the rise of digital advice is the death knell...

Risk commissions to stay, with consent rule caveat: Levy

Life insurance advisers should retain commissions at their current level, the advice review leader proposed, but only on the condition that clients sign...

Leaders sound consolidated alarm on the rise of consumer harm in financial services

The financial services minister is looking at tackling scammers at the source: "Does our barista down the corner really need my email address, my bank details,...

Adviser-friendly investor forum to plug gap with millennials

The investment app creator believes he has found a way to bridge the gap between advisers and the broader addressable advice market.

Report demands greater transparency on de-banking

A new report has identified "blanket de-banking" of certain sectors, and reminded the banks that commerciality must be balanced with corporate social...

SMEs persist with advice subsidy push to new government

It was a COVID-inspired idea that fell foul of the electoral cycle, but the nation's small business advisory peak bodies continue to push for subsidised advice...

Experience pathway to perpetuate poor advice industry image: FPA

Implementing the current proposal for 'experienced' advisers to skip the relevant degree mandate will do far more harm than good, the association argues, with...

Winning over the next generation

The next generation are not automatically inclined to turn to their parents' financial adviser, according to research from Invesco. Using the "power of...

Client promoter scores linked to heady investment returns

Companies that win the advocacy of their clients have a remarkable ability to increase their own value according to research from the people who invented net...

Ausbil gets active on dividend management with income-seeking investment play

The team at Ausbil have come up with a novel way to generate income without increasing risk or removing alpha generating opportunities.

Praemium CEO open for consolidation talks with an aim on growing scale

Anthony Wamsteker reflects on the tie-up with rival platform Powerwrap, the rebuff of Netwealth, and Praemium's plan to achieve double digit market share.

Dunbar's number and the advice client quantum query

With the mass exodus of advisers reaching its nadir, advisers are taking on more and more clients. Dunbar's theory shows just how unsustainable this is.

ASIC laments licensee 'lag and drag' after $5.6 billion customer remediation bill

The corporate regulator has delivered a stern warning to licensees with the release of its guide on consumer remediation. After overseeing billions in...