Super way for SMSFs to save money

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A software application has been launched that enables trustees of self-managed superannuation funds (SMSFs) to manage their own fund and save on expensive accounting fees. The software, branded DIYSOL, was developed by career accountant and SMSF trustee Jeff Bain. “It makes no sense for people running a super fund to pay an accountant – sometimes […]

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Wealth industry jobs most in demand

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Employment prospects are looking up in our industry. “A third of wealth management organisations recently surveyed said they expected to hire more employees this year (32%),” notes Sally Humphris, Executive Director at specialist wealth management industry recruiter Super Recruiters. “Two out of five (42%) expect to maintain staff numbers at current levels.”   Interestingly, none […]

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The difference that clear strategy makes in a practice

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Having a clear strategy is probably the most misunderstood concept in professional services. The business often has a Vision. A clear picture of what it wants to look like, and what success means to the owners. The business often is excellent at Operational Planning. Perhaps because we are trained as planners there is a tendency […]

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Within the debate of moving to a four-day working week, Australian companies need to measure and understand employee wellbeing

Sunil Vohra, co-founder of the world’s first independent and standardised index for measuring organisational culture, The Workability Index, highlights how critical it is for Australian businesses to move to measuring wellbeing as a key metric. “At the heart of the debate about a four-day working week, there is clear intent to elevate discussions of structural […]

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5 Ways you can work better with your referral partners

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Most advisers have at least one or two referral partners; people who refer the odd client here and there. However, I know that what these advisers want are more robust relationships with these referrers resulting in more potential clients. Is that the same for you or perhaps one of your advisers? Below are five proven […]

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APRA heatmaps should be put on ice

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The question no-one wants to ask is – Why are APRA collecting, interpreting and then publishing information in the public domain? The answer is simple – They shouldn’t be! Instead of regulating, APRA are now trying to play the shame game through their just released heatmaps. But there is a real risk that some of […]

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How to get buy-in from clients to full advice

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Clients often want advisers to deal with just one element of financial planning…their current “burning issue” that triggered the need for advice to begin with.  Getting them to engage in full advice can be tough and they need to understand what you CAN do for them, and where your knowledge and skills can make a […]

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CPD: Growing your advice practice

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There is increasing commentary about the need for financial advice firms to grow in order to survive. This question of growth is starting to reappear post an elongated period of consternation and consolidation in our profession. This article, sponsored by Insight Investment, will explore the two means traditionally used to grow financial advice practices – […]

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Parents call for greater education to help children navigate cashless society, says MyState Bank

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As Australia heads towards a digital world, Australian parents are concerned about the impact a cashless society would have on their children, with 67% believing the shift to digital will leave their children financially worse off, according to new research from MyState Bank. MyState Bank says a ‘cashless society’ refers to a society where cash […]

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Four in ten Aussies expecting to use credit to pay for their Christmas budget blowout

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According to new research by consumer education website, CreditSmart, more than 40% of surveyed Australians said they would rely on credit to help them with their festive budget blowout this year. Asked whether they are likely to spend more than they budgeted for this year, 1 in 3 expect their additional expenses to be  less than […]

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