The ‘recipe for success’ of highly profitable advice firms

investment-trends/clients/financial-advice/Irene-Guiamatsia/profitability/Adviser-Ratings/

Financial advice practices with high profit margins charge annual client fees of $7,700 and keep their operational costs low, says Investment Trends’ Irene Guiamatsia.

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When should an adviser use an ROA?

Record-of-Advice/statement-of-advice/financial-advice/ASIC/FSCP/

After an adviser received a warning from the FSCP about their Record of Advice usage, when is the correct time for it to be used with clients?

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Have client relationships fallen on the back burner?

Business-Health/client-relationships/financial-advisers/

As financial advisers balance competing business priorities, Business Health identifies four methods to foster strong client relationships.

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The biggest CEO moves in 2024

ceo/appointments/leadership/funds-management/

Former Australian Retirement Trust chief executive Bernard Reilly announced he was joining Perpetual this week – what other CEO moves has the industry seen since the start of 2024?

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Equity funds suffer $2.2bn outflows in 1H 2024

Calastone/outflows/funds-management/australian-equities/equities/fixed-income/bonds/

Equity funds saw $2.2 billion in outflows during the first half of 2024, according to Calastone, despite reporting modest gains in the second quarter.

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Perpetual appoints new CEO

Australian-retirement-trust/Perpetual/KKR/ceo/australian-equities/

Perpetual has appointed a new chief executive to replace Rob Adams, with the new appointment holding a background in leading change programs as the firm moves to complete the KKR deal.

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Advisers deterred by strict APLs at large licensees

investment-trends/lonsec/sqm-research/Alternatives/private-credit/

A risk-averse nature by licensees to alternative funds is prompting advisers to opt to carry out the investment selection themselves.

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The cost of death on advice practices

death/Radar-Results/valuations/M&A/selling/financial-advice/

With small financial advice firms vulnerable to key person risk, there can be a tangible monetary cost to a practice’s value if the owner dies suddenly.

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HUB24’s Alcock on winning the platform race

HUB24/platforms/Andrew-Alcock/

The platform race is “ours to lose”, says HUB24’s chief executive Andrew Alcock, as it reports a 62 per cent rise in annual platform net inflows in FY24.

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Former BBY manager sentenced for aiding and abetting dishonest conduct

BBY/ASIC/court/

A former strategy manager at suspended financial services business BBY has been sentenced for aiding and abetting dishonest conduct.

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