Advisers outline cautious optimism heading into 2025

Schroders

Global wealth advisers are cautiously optimistic about the future, with many expecting to meet their clients’ financial goals over the next few years despite economic challenges, according to Schroders.

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Financial adviser numbers remain steady above 15,500

Wealth Data Colin Williams financial adviser

After weeks of fluctuating above and below 15,500, adviser numbers have maintained their hold above the line for three consecutive weeks.

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NSW advice firm sees AFSL cancelled

ASIC CSLR

An advice AFSL has seen its licence cancelled by ASIC this month for failing to pay an AFCA determination, which was then covered by the CSLR.

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FAAA calls for Dixon compensation to be expanded beyond advice

Dixon AFCA

The FAAA’s Phil Anderson believes the problem with Dixon Advisory is “much bigger than an advice issue” and the levy to pay for it should be expanded beyond the financial advice sector.

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Employee burnout sitting at ‘alarming levels’

mental health stress workplace wellbeing Robert Half

Advice professionals are being encouraged to proactively engage with their staff on mental wellbeing, with a new report finding a surge in employee exhaustion and stress over the past year.

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ASIC’s Kirkland warns on Shield advice misconduct

ASIC

ASIC commissioner Alan Kirkland says the problems regarding advisers recommending clients to invest in the troubled Shield Master Fund are far from being an “isolated incident”.

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FAAA shares 5-year plan

financial advice regulation

FAAA chair David Sharpe says its members are ready to control their own professional standards via co-regulation as the organisation shares its five-year roadmap.

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Industry redundancies raise questions about talent loyalty

insignia hiring

As cost-cutting programs drive a rise in wealth management redundancies, a recruitment consultant suggests highly regarded talent are seeing their loyalty tested in an uncertain market.

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Advisers bullish on global equities but valuations a worry

Fidante global equities Australian small caps equities

A new survey has found advisers are planning to increase allocations to global equities as well as Australian small caps in the next six months, however they believe high valuations in the market remain concerning.

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Managed funds underperform despite lowered fees

managed funds morningstar investSMART

The average managed fund fee has declined by a third over the past 10 years, however InvestSMART’s analysis suggests this has not necessarily translated to them outperforming their benchmark.

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MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

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