Advisers short-selling themselves by up to 50%: WT Financial

WT Financial Group Keith Cullen advice fees financial advice

| By Rhea Nath |

Advice firms should be targeting as much as $700,000 per annum per adviser in ongoing advice fees as clients could be willing to pay higher advice fees than advisers are charging, according to WT Financial.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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New entrants to benefit from education legislation changes: FAAA

experience pathway education new entrants university

| By Laura Dew |

Financial planning

A clause in the experience pathway legislation passed yesterday could improve the prescriptive rules imposed on new entrants and translate to more flexibility in the courses required, according to the FAAA.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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ART CEO to depart

Australian retirement QSuper Sunsuper

| By Laura Dew |

Superannuation

The chief executive of Australia's second-largest super fund, Australian Retirement Trust, is to depart next February.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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‘Outbreak of common sense’ in experience pathway implementation

Wealth Data experience pathway siaa

| By Laura Dew |

Financial planning

The experience pathway’s passage through Parliament has been welcomed by the industry as a way to prevent further adviser exodus.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Higher client fees lead to higher profitability for self-licensed advisers

investment trends self-employed advisers profits profitability

| By Laura Dew |

Financial planning

Self-licensed advisers are most likely to have seen their profit margins increase over the past 12 months, according to research by Investment Trends, as fees increase for clients.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Experience pathway passed

experience pathway financial advice Stephen Jones

| By Laura Dew |

Financial planning

The experience pathway has passed in Parliament today, three months after being introduced.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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RBA’s Lowe makes final rate decision

RBA central banks Phil Lowe

| By Laura Dew |

Funds management

RBA governor, Philip Lowe, has made his final rate decision ahead of stepping down from the role later this month.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Why did ASIC ignore complaints about $180m Ponzi scheme?

ASIC Senate Economics Committee courtenay house Ponzi scheme

| By Laura Dew |

Financial planning

ASIC has been rapped for ignoring multiple tip-offs about the $180 million Courtenay House Ponzi scheme, waiting four years to take regulatory action.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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ASIC commences civil penalty proceedings against Westpac

westpac ASIC Big four banks Sarah Court

| By Laura Dew |

Funds management

The corporate regulator has commenced civil penalty proceedings against Westpac for failing to respond to 229 customer hardship notices within the required time limit.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Sequoia’s adviser network grows amid fallen results

Sequoia licensees adviser numbers

| By Jasmine Siljic |

Financial planning

The firm’s licensee services business was a “standout” despite weaker results in FY23, says CEO Garry Crole, with attracting existing advisers a key focus in this financial year.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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