‘Richer earlier’: The demographics driving self-managed super
22 August 2023 by Duncan Hughes, Australian Financial Review
About 44 per cent of savers starting an SMSF are aged under 45 years, with about one-third of new members aged between 35 and 45 years, according to the latest analysis by the Australian Taxation Office. At the opposite end of the age spe...
‘Big reluctance’ for advisers to back a single platform
21 August 2023 by Chris Dastoor, Professional Planner
Advisers will be unwilling to use fewer platforms due to the belief it won’t be in clients’ best interests, according to former Investment Trends researcher and SuitabilityHub founder Recep Peker. While Netwealth and HUB24 have been recom...
Client book no longer a barrier to advice recruitment
17 August 2023 by Laura Dew, Money Management
With the advice industry experiencing a loss of advisers, holding a solid client book is no longer a requirement when it comes to recruitment. There has been a steep decline in the number of financial advisers in recent years but demand ...
Netwealth to relaunch Core amid $67m profit
17 August 2023 by Rhea Nath, Money Management
Netwealth has announced record profits of $67.2 million as it looks to secure several important new licensee relationships and new accounts in the year ahead. Netwealth was recently named in the top three platforms based on advisers’ expe...
‘Starting small’: Digital hub aims to grow depleted risk advice sector
17 August 2023 by Chris Dastoor, Professional Planner
Creating a business to service a declining market might seem like a nonsensical business move, but Marc Fabris believes the launch of Risk Hub will help facilitate more access to much-needed risk advice. Data from Adviser Ratings earlier ...
Which platforms have received the highest adviser rating?
10 August 2023 by Laura Dew, Money Management
There are three standout platforms dominating the platform market, based on adviser feedback, as the shrinking pool of advisers become a powerful arbiter. In the Adviser Ratings Musical Chairs report for the second quarter of 2023, the re...
Wealth Today growing practices, not ‘chasing advisers’
8 August 2023 by Chris Dastoor, Professional Planner
Despite reporting an indicative 57 per cent annual increase in revenue, WT Financial Group will maintain its focus on driving further growth with the practices in its network rather than “chasing” more advisers. The group acquired Synchro...
What could Insignia’s new model mean for AMP?
4 August 2023 by Rhea Nath, Money Management
With the potential for its co-equity model to usher in a new era of growth, AMP could look to follow in the steps of Insignia, according to Adviser Ratings. In late July, Insignia announced its intention to reset its financial advice oper...
‘Model for the future’: Morrows enlists Bombora for risk expansion
3 August 2023 by Chris Dastoor, Professional Planner
Recognising the need for specialist talent to take on risk advice, boutique advisory firm Morrow Private Wealth has established a joint venture with risk advice specialist firm Bombora to form Morrows Risk Insurance. Bombora managing dire...