Here’s why so many advisers are looking for new licensees
1 September 2017 by Rudi Loggenberg, Professional Planner
It may surprise you to learn that about a quarter of all financial advisers in Australia have engaged with a new licensee in the last year. About half of these advisers were new entrants to the industry, but the other half were existing ad...
Better data key to adviser accountability
12 July 2017 by Daniel Paperny, Financial Observer
Greater collaboration between professional associations together with improved knowledge sharing capabilities was necessary for consumers to gain greater transparency in relation to the expertise and competencies of financial planning prac...
JPMorgan in Balancing Act as Worldpay Broker and Suitor
5 July 2017 by David Hellier & Ruth David, Bloomberg
JPMorgan Chase & Co.’s interest in acquiring Worldpay Group Plc placed the investment bank in the unusual position of being both its client’s broker and potential buyer before it decided to walk away.
CPA Advice fee cut fails to attract new members
5 July 2017 by Alice Uribe & Edmund Tadros, Australian Financial Review
CPA Australia's loss-making financial advice arm has added two members, to a total of 26, after slashing its member fees in mid-May in a bid to attract more interest in the business.
Consumers lack awareness of insto ownership
28 June 2017 by Daniel Paperny, Financial Observer
Woods said the persistent problem of vertical integration meant some advisers were historically driven by poor internal cultures and recommending products that did not always suit customers’ needs.
Licensees’ futures are built on support for advisers
26 May 2017 by Simon Hoyle, Professional Planner
The debate is well and truly off and running over the best way to license financial planners as professionals, rather than as distributors for product manufacturers.
Opinion – Budget 2017: bank shaming or politics as always?
19 May 2017 by Rodney Lester, Financial Observer
Political veteran Laurie Oakes remarked that the federal Government’s 2017 Budget was a clever political move that “stole the thunder” of Opposition Leader Bill Shorten by neutralising Labor on heartland issues such as Medicare, education ...
Individual licensing: A bold step towards becoming a profession
11 May 2017 by Simon Hoyle, Professional Planner
A report released in March by the Australian Securities and Investments Commission painted a picture of major financial planning licensees unable to monitor and regulate the actions of their advisers properly, and unable to appropriately a...
How to Protect Clients While the Industry Grows Up
19 April 2017 by Angus Woods, in Professional Planner
Angus Woods, MD of Adviser Ratings wrote in Professional Planner, about protecting consumers whilst the advice industry evolves.