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.

AUTHOR

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.

AUTHOR

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.

AUTHOR

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.

AUTHOR

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.

AUTHOR

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.

AUTHOR

Embracing the Shift Towards HNW Clients

Premium-Content/

AUTHOR

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.

AUTHOR

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.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

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

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago