Advice Revolution helps firms reduce client book migration time by up to 35%

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Businesses are struggling with the burden of fulfilling ASIC’s ‘know your client’ obligations in situations where multiple clients simultaneously require advice. These requirements are taking up to 8 Weeks for 100 clients to move from one licensee to another. Advice Revolution is helping advice firms to retain more of these clients and simplify the onboarding... Read more continue reading

Cyber risk seen as top threat to financial markets, with increasing concerns around inflation and climate change: Survey

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Cyber risk ranks as the greatest threat to the global financial markets in 2022, with the COVID-19 pandemic and geopolitical tensions rounding out the top three threats overall, according to a new survey[1] published by The Depository Trust and Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry. More specifically, 24%... Read more continue reading

Compliance the major focus for advice firms

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Managing compliance and regulatory changes has emerged as the number one operational challenge for Australian financial advice firms in a major new global survey of the financial planning industry by asset manager Dimensional Fund Advisors. Implementing workflow processes and improving profitability were the second and third ranked initiatives among the sample of more than 100... Read more continue reading

Ian Laughlin awarded Actuaries Institute’s highest honour for lifetime’s work

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Ian Laughlin, a former deputy chair of APRA, with a distinguished corporate career as a managing director and board member, has been awarded the Australian Actuaries Institute’s highest honour, a gold medal, in recognition of more than four decades of actuarial work. The gold medal is presented for outstanding work in service of the profession,... Read more continue reading

Five tips to make wealth management offices more welcoming after lockdown

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With more people heading back to the office for at least part of the week, wealth management firms of all types are facing the challenge of how to entice workers back to the office. While many of the industry’s employees miss the social buzz of the office, research has found they’re also hesitant about returning... Read more continue reading

CPD: Identity theft – financial advisers at the consumer protection frontline

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The world is full of traps for the unwary. Seemingly every day, millions of Australians are bombarded with emails, SMSs and robocalls attempting to defraud them of money, data, and even worse, their identity. And it’s only getting worse. Thanks to the love affair we have with our mobiles, and our increasing preference for online,... Read more continue reading

CPD: Financial Advice tech – a practical checklist for driving increased efficiency and better client engagement

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As the financial advice landscape devolves away from large institutions to smaller, self-licensed entities, advisers and practice principals are increasingly being faced with the need to be far more active in choosing technology solutions for their business. Far from being a burden, this should be viewed as an exciting opportunity, as a growing array of... Read more continue reading

Why you need plenty of positive consumer reviews

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Experience reviews…consumer reviews…I blame TripAdviser for it; but maybe it wasn’t them…Whatever, everyone out there now expects to be able to give a review of any business, and read others reviews of that business. In fact they can’t wait to provide their opinion of your business. It has become the norm. Positive reviews of a... Read more continue reading

Large super funds leading gender equality progress for Australia’s $4+Trillion investment sector

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Australia’s investment management sector remains one of the most male dominated professions in the country – but changing dynamics are finally seeding change for women seeking a career as professional investors, according to a new paper released by female talent incubator Future IM/Pact. According to the paper “Where are all the Women? How the Australian... Read more continue reading

Interest rates – lower for longer?

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Until recently central banks around the world have been ironclad in assuring businesses and consumers that they should expect interest rates to remain historically low for years to come. This stance was a critical tool in supporting confidence which helped Australia’s economy survive the tumultuous events brought on by COVID-19. It has also has been... Read more continue reading