These past couple of years have been tough for our industry. A pandemic, the Hayes Royal Commission and the countless legislative challenges that follow means life and business are in a state of flux. While we aren’t sure of what the future holds, there are opportunities that we can control to help us face this …
Opportunity knocks – the demand for financial advice post-pandemic Read More »
I have heard this said a few times now in different contexts – ‘don’t waste a crisis’. It makes me consider what this phrase really means in our industry. It seems to me those making this statement are challenging our thinking – do we use these challenging times to hold on to past business models, …
A logical and pragmatic approach to compliance was just the tonic HLB Wealth needed to move forward with its new licensee.
The pressure to select the right licensee to transition to, made making the right decision the most satisfying part.
How long does transitioning to a new licensee take and what is involved? These are two of the most common questions from practices considering a move. An orderly and well-managed transition process should take approximately eight weeks, and while it is in the interests of all parties to get it done, it is far more …
The proposed move to an annual requirement to opt-in clients and obtain their consent prior to charging fees are business transformational. Even if your advice business is already doing these things, ensuring the right processes and structures are in place to meet these obligations in a scalable way, but tailored to the life stages of …
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 …