IFAs benefiting from RC fallout
The Royal Commission has seen a distinct shift from bank-aligned financial planners towards independents, according to Adviser Ratings managing director, Angus Woods.
Speaking on a panel at the Association of Superannuation Funds of Australia (ASFA) conference in Adelaide, Woods said that his company had noted an upturn in inquiries about financial planners, with activity doubling since the beginning of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
“There has been an increase in the independent space away from the banking aligned type of adviser,” he said.
Woods’ comments came as Link Advice managing director, Duncan McPherson said his company had noted the continuing strength of superannuation brands amid the fallout from the Royal Commission and the level of interest in advice from members.
Recommended for you
Far too few wealth managers are capitalising on the opportunity presented by disruptive technology to deliver personalised investment solutions to the mass affluent demographic, according to PwC.
With over half of advisers using managed accounts, HUB24’s head of managed portfolios has unpacked the benefits driving their usage and how they can be leveraged by advice practices.
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
ASX-listed platforms HUB24, Netwealth, and Praemium have used their AGMs to detail how they are using artificial intelligence to improve their processes and the innovative opportunities it presents.
