Creating extra scale without extra headcount

scale financial advice practice management efficiency

Founder and financial adviser Brad Symes explains how his practice is looking to double its revenue through the use of technology, enabling it to achieve scale without hiring additional staff.

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AFCA warns advisers of risk of misclassifying wholesale investors

AFCA wholesale investing

AFCA has told a parliamentary joint committee that it is insufficient for financial advisers to not thoroughly check whether a person qualifies as a wholesale investor given the lack of protection available to them.

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Managed accounts break through $200bn FUM milestone

IMAP managed accounts toby potter managed discretionary accounts separately managed accounts

The managed account sector increased by $10.6 billion over the past six months, according to IMAP, as it surpassed the “major milestone” of $200 billion in funds under management.

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Former Lonsec director joins GDG board

lonsec Generation Life

A former director of research house Lonsec has joined the board of GDG as a non-executive director.

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Financial stress in Australia hits decade-high: AMP

financial stress wellbeing amp financial advice

Financial stress levels among working Australians has reached its highest point in a decade but few are taking their struggles to a financial adviser, AMP finds.

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Iress announces CEO changes

iress ceo praemium XPLAN

Iress has shared an update on its CEO business structure, while Xplan co-founder Jason Hoang is to depart after more than 20 years with the business.

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Embracing the Shift Towards HNW Clients

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Compliance salary boom underway at fund managers

Kaizen Recruitment recruitment salary compliance

Kaizen Recruitment has examined remuneration trends occurring in the risk and compliance space in its latest salary guide.

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The FSC’s alternative ways of demonstrating financial sophistication

FSC wholesale investing parliamentary joint committee Parliament

The Financial Services Council has told a parliamentary committee that a subjective test is needed to demonstrate the sophistication of wholesale investors, whether via a finance degree or being a company director.

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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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