The current environment is a great time for advisers to reset their business and hone their customer value proposition (CVP) so they are well positioned for opportunities going forward. Three advisers offered their insights on how they were positioning their business to offer customers a compelling CVP. Brisbane-based DolFinwise principal Jason Bragger said developing a …
If the Labor Governments proposed legislation to limit the refunding of franking credits is passed, it will have a significant impact on retirement savings. According to Plato Investment Management’s managing director Dr Don Hamson, while the changes are aimed at Self-managed super funds (SMSFs), all investors need to consider how they’re affected in their existing …
The next few weeks are very important for the advice profession as the Royal Commission moves away from the private sector and into the superannuation arena via a review of industry funds and their advice arms. We are finally heading toward a reality check around the true pricing and conflicts of advice – and the …
Industry funds’ advise arms grapple with their demons Read More »
We need to think hard about the latest industry trend for advisers to create and manage or package their own managed accounts. It’s a natural direction due to technology advancements and it offers reduced paperwork on what might be termed hygiene compliance issues such as RoAs and so on. But it categorically lifts governance risk …
When will I ever learn? An apt musical reference, courtesy of Van Morrison, for the advice profession and all AFSL holders, as news regarding the closure of the Dover AFSL sinks in and up to 400 authorised representatives find themselves in need of licensing within 30 days. These are difficult times for all involved and …
Ever get fed up with all the bad news emanating from regulations in the advice sector? Maybe the private sector should stand up and just reject all the idealism that’s killing affordable advice and making millions for the legal fraternity. It might make more sense to get direction from within the industry rather than fostering …
The latest nail in the coffin of affordable advice Read More »
The public garrotting of the banks and the AMP at the Financial Services Royal Commission should bring little joy to anyone with a sense of interest in public trust within the financial planning profession. No one is winning, least of all the good advisers that are outside the scope of the inquiry. For IFAs, there …
The rubber has hit the road with licensing this year and it will do nothing but get harder in times ahead. The fragility of licensing will be increasingly tested if the market is forced to disengage the vertically integrated model because the reality is pure advice models aren’t economically viable for the broad market. It’s …
No one in their right mind would launch dealership today Read More »
The world of ETFs continues to evolve and appears to be gradually drifting towards what the early listed index funds opposed at their inception: the world of active funds management. What is this trend all about? What an increasingly obscure partner an ETF is in the active versus passive debate that has been going on …
How ETFs turned the old passive/active debate on its head Read More »
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 interpreting ongoing changes for AFSL holders. Last week the heat of reviewing reversed somewhat …
Dear ASIC: cut some slack in the mass-advice market Read More »