All forms of adviser remuneration are imperfect! (Part 3)

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Welcome to Ray Griffin’s third and final article in the series: All forms of adviser remuneration are imperfect. In Part 1, Ray discussed the imperfections in the hourly rates method of charging and in Part 2 he pulled apart the problems with asset based fees across financial advice and banking. In Part 3, he looks […]

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All forms of adviser remuneration are imperfect! (Part 2)

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Welcome to Part 2 of a paper by AdviserVoice’s Ray Griffin in which he argues that all forms of adviser fees are imperfect. In Part 1 he discussed hourly rates and fixed fees and in this edition asset based fees are the focus. Asset Based Fees As the Canberra architects of FoFA went about putting […]

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All forms of adviser remuneration are imperfect! (Part 1)

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In this, the first article in our special three part series, AdviserVoice Director and financial planning veteran Ray Griffin explores the often contentious issue of how advisers charge for their services. With upfront and trail commissions now banned by law, the discourse has moved on to what form of fee charging is the most appropriate and, […]

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Wrap up of the FPA Congress 2014

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Despite opening against a difficult backdrop of further legislative uncertainty through the recent Future of Financial Advice Senate rollback, the 2014 FPA Congress in Adelaide hit a high note for all advisers like me who aspire to be represented for what we truly are: committed, client focused professionals. This journey towards professionalism has been a […]

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CPD: Standing out from the crowd

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Depending on your data source, there are around 15,000 financial advisers in Australia and around 3,400 holders of an Australian Financial Services Licence (AFSL) which can provide personal advice. Around 85% of all advisers are associated with product manufacturers and it probably wouldn’t take a forensic examination of the numbers to conclude that the majority […]

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CPD: A part to play – ETFs and client portfolios

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For more than three decades the ways in which financial advisers deploy their client’s investment capital into markets has been evolving. From the introduction of retail unit trusts in the 1980s and the subsequent emergence of master trusts and access to wholesale unit trusts in the 1990s, the underlying theme of this evolution has been […]

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CPD: Portfolio allocations for clients in the ‘real world’

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In his first CPD article for 2014 Ray Griffin examines the need for advisers to stay abreast of economic and market conditions in order to more effectively set portfolio allocations and the vital need to set clients’ expectations in the real world. So you’re back at your desk and starting to wind up for 2014 […]

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CPD: Professional ethics #3

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This is the final in our CPD mini-series on ethical conduct in the financial advice profession. (Click here to see CPD: Professional Ethics #1  and here for CPD: Professional Ethics #2) Bruce and Anna are partners in a financial planning practice with around 180 clients between them. For several years they have been receiving irregular client […]

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CPD: Professional ethics #2

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Welcome to Part 2 of our mini-series on professional ethics in practice in which we’re exploring ethical dilemmas for financial advisers based on real life situations. In Part 2, Ray Griffin sets the scene of an adviser who has backed himself into an ethical dilemma and is faced with serious disclosure issues to clients and […]

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CPD: Professional ethics #1

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Welcome to the first of a 3-part CPD mini-series from AdviserVoice’s Ray Griffin.  In this series Ray focuses on professional ethics and how, in day-to-day practice, you might deal with ethical issues that arise.  At some point – Ray claims – an adviser will be placed in a situation where she will face a dilemma […]

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