In Brief: July Edition
14 June 2018 by Matthew Smith, Professional Planner
With only five large financial institutions dominating the wealth management landscape in Australia, vertical integration’s effect on advice here is more potent than in the US, Morningstar’s global chief executive, Kunal Kapoor, told PP on...
Are AMP Shares (ASX: AMP) a Buy?
14 June 2018 by Henry Fung, Investments Revolution
AMP's reputation and customer loyalty are under siege due to the banking royal commission scandal, following testimony from clients and upper management. All this casts doubt on AMP’s management capabilities and future profitability.
Consumer reviews - an essential tool for your marketing arsenal
13 June 2018 by Netwealth
Hear how consumer reviews can be harnessed as a marketing tool and help you identify areas to enhance your service. Angus Woods, managing director and founder of Adviser Ratings, discusses.
Dover Financial Group calls in outstanding debts from financial planners
12 June 2018 by Alice Uribe, Australian Financial Review
Dover Financial Group lured financial advisers by offering to postpone payment of annual licence fees for a year or more, but the collapsed company is now calling for immediate payments of those debts, leaving planners, who are already wor...
Dover Financial Planning shutdown puts $4 billion of client's money in limbo
11 June 2018 by Alice Uribe, Australian Financial Review
An estimated $4 billion of clients' funds and 20,000 customers could now be in limbo after financial planning group Dover Financial Advisers abruptly closed down just weeks after its owner collapsed while testifying at the banking royal co...
UBS says AMP, IOOF exposed to 'significant adviser attrition' due to education overhaul
8 June 2018 by Alice Uribe, Australian Financial Review
Wealth giants AMP, IOOF and ANZ are the most exposed to an expected exodus of financial planners who look likely to choose retirement from the tarnished industry over committing to 16 weeks of training to bring their educational standards ...
Self-licensing debate must consider tribalism effect
8 June 2018 by Matthew Smith, Professional Planner
Self-licensing has become a popular avenue for advisers who, in recent years, have been turning their backs on large banded institutionally owned networks as public pressure on the vertically-integrated model has intensified.
Self-licensing to stretch firms and regulator
6 June 2018 by Tahn Sharpe, Professional Planner
The head of Affinia Financial Advisers has told fellow industry members that many self-licensed firms lack the skills to meet their obligations and will increasingly find themselves under the microscope of the regulator.
Practice owners: Is it time to play safe or brave?
6 June 2018 by Brad Fox, FS Advice
If you own a financial planning practice or AFSL then you must be asking yourself questions with increasing urgency about what the future holds for you, your clients, and your business.