Dear ASIC: cut some slack in the mass-advice market

Dear ASIC: cut some slack in the mass-advice market

Another interesting week in politics has passed with the departing Nationals leader making most of the headlines. But for those involved with financial services, there’s still all the background noise from a royal commission and the role of the regulator with...
Where the Royal Commission will never go

Where the Royal Commission will never go

With all the excitement of the Royal Commission underway, the left-wing journalists are already crowing about the need to extinguish vertical integration business models. But be ‘careful of what you wish for’ comes to mind. For starters, allowing governments to...
Why the banks are losing the platforms war

Why the banks are losing the platforms war

The much-talked-about structural change in the advice profession appears to be gathering pace with further news of up to 80 advisers leaving institutional dealerships in October. A more balanced view of this would include how many were wanted, or actually terminated...
The new way to succession planning

The new way to succession planning

Succession planning in any profession is really hard but arguably more so in financial services. Just ask any small-practice owner in an accounting, legal or a financial advice firm. Of the three professions, though, the gift horse for valuations has been planning...
The end is nigh for the Wrap, not the managed fund

The end is nigh for the Wrap, not the managed fund

The slow death of managed funds seems inevitable with the arrival of multiple new investment vehicles, but one may do well to remember Mark Twain’s famous quote: “Reports of my death are greatly exaggerated”. In many ways, the last few years in funds management have...