advice

Financial planning

What makes an attractive advice practice?

A financial advice firm valuer has shared the top five factors that make an attractive advice practice for buyers plus the five which can detract from the value of a busi...

Financial planning

Over 350 new entrants join industry YTD

There have been 355 new entrants to the financial advice industry so far this year, a number equivalent to the third-largest licensee. ...

Financial planning

Newly-advised clients outpacing client attrition

The number of newly-advised clients has outpaced client attrition for the first time in three years according to Investment Trends, while consumers have increased the amo...

Financial planning

CountPlus commits to further M&A to boost advisory model

CountPlus has indicated it is seeking to make multiple acquisitions with 12 active M&A opportunities in the pipeline....

Financial planning

Levy defends proposal to allow super & banks to provide advice

Michelle Levy, reviewer of the Quality of Advice Review, has defended her proposals to allow superannuation funds and banks to provide financial advice. ...

People & Products

Advisers bolster Pinnacle distribution

Pinnacle has detailed how strong relationships with advisers has boosted the firm’s distribution success, despite a wider adviser exodus....

Financial planning

Insignia breaks down its adviser movements

Insignia has detailed the quarterly breakdown of movement among its advisers, reporting both gains and losses in different channels....

Financial planning

Advisers adjust growth expectations by 80%

Advisers’ growth expectations have significantly dropped this year with advisers expecting to see average capital growth of just 0.7%....

Financial planning

Stockspot warns of return to product-led advice

Stockspot has taken a contrary view to its digital advice peers in believing the Quality of Advice Review will negatively impact consumers by bringing about a return of p...

Financial planning

Steep rise seen in advice fees

Fees for ongoing advice have risen 33% in a year, according to annual Padua research, with technology cited as a factor to lessen the burden....

Policy & Regulation

Timeshare company Ultiqa fined $900,000

Timeshare company Ultiqa Lifestyle Promotions has been ordered by the Federal Court to pay $900,000 following a ruling its advisers failed to act in consumers’ best inter...

Policy & Regulation

ASIC bans director for failure to pay AFCA determinations

ASIC has banned a Sydney director for three years after he tried to approach determinations by the Australian Financial Complaints Authority, including for inappropriate ...

Financial planning

What barriers are stopping consumers seeking advice?

There is a divide between pre-retirees and retirees when it comes to the types of barriers stopping them from seeking advice, according to FPA research....

Financial planning

The top 10 benefits of advice

Advised Australians are more likely to feel financially secure and satisfied with their current level of wealth, according to FPA’s inaugural Value of Advice study....

Policy & Regulation

Responses sought to latest ALRC report

The Australian Law Reform Commission has published its second interim report on changes to financial services legislation including a proposed legislative model. ...