advice

Financial planning

Client wellbeing and digitisation crucial for advice practices

Taking a holistic approach to overall client wellbeing and technology adoption will be crucial for successful planning firms....

Financial planning

Support needed to encourage advice firms to hire

While 2022 is showing the continuation of a surge of new advisers, it is not enough to offset those leaving the industry, according to Wealth Data....

People & Products

Gross and Vigilante depart Iress in management shake-up

Iress has announced changes to its client-facing commercial team in Australia and New Zealand with Tizzy Vigilante and Kirsty Gross stepping away from the business. ...

Financial planning

Advisers fearful of regulatory implications of digital advice

Advisers feel cautious about implementing digital advice, according to abrdn, as they are unclear on whether it would qualify for them to meet all their regulatory requir...

Financial planning

Uncharted tech areas still to be explored by advisers: Vanguard

While firms have used more technology during the pandemic, there are still tools such as data management that could be better utilised by financial advisers. ...

Financial planning

AFA proposes graduated pathway for experienced advisers

The Association of Financial Advisers has proposed an alternative graduated pathway for experienced advisers to avoid the introduction of the proposed pathway which it wo...

Funds management

CFS partners with FNZ for platform launch

In its first major move since the separation with Commonwealth Bank, Colonial First State has announced it will partner with FNZ for a platform launch by the end of the y...

Financial planning

New advice direction needs to start now: FSC

The Financial Services Council is hoping the Quality of Advice review will chart the course to end two decades of regulatory encroachment on the advice industry....

Financial planning

Push for employed paraplanners to become advisers

Over a quarter of paraplanners would be open to becoming financial advisers, creating an opportunity for them to consider the professional year as hundreds exit the indus...

Financial planning

Adviser numbers to drop to 17,200 this month

There is an expectation that the total number of advisers will drop to 17,200 in January, and thereafter to between 15,000 and 16,000....

Financial planning

Advice firms need to be employer of choice to attract talent

Potential adviser recruits are looking for practices that can mentor them, have technical training on hand, but also give back to the community....

Financial planning

Lengthy plans disengaging clients from advice

A one-page overview would be better at engaging clients with advice and to demonstrate how the advice is helping clients achieve peace of mind....

Financial planning

Regulators need start trusting the advice industry again

The regulatory overreach placed on the industry has led to poor outcomes for advice clients and regulators need to start trusting the industry again, an adviser believes....