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.
What UK IFAs can learn from Australia’s Royal Commission
31 May 2018 by Hope William-Smith
The British financial advice sector arguably faced its most difficult period in the 1980s and 1990s. Advisers have been collectively working since then to regain the trust of the public and promote the need for expert advice, while working...
CFP exodus not in the numbers
28 May 2018 by Matthew Smith, Professional Planner
Based on the results of live polls and discussions during Australia-wide roadshow, FPA chief executive Dante De Gori said it would be too early to surmise the new FASEA standards could result in a mass exodus of experienced planners from t...
Exit plan: Financial advisers gearing up to leave the industry
28 May 2018 by Alice Uribe, Public Sector News
A mass exodus of financial planners in Australia over the next five years will put $900 billion of client wealth in play as the reality of tougher educational standards and the fallout from damning banking Royal Commission revelations set ...
AMP loses financial advisers to privately owned licensees
25 May 2018 by Alice Uribe, Australian Financial Review
Under-fire wealth giant AMP has lost almost 20 per cent of its financial advisers during the past three years, with many departing planners shunning big-bank competitors and instead choosing smaller firms. The "mass migration" of bank-ali...