Written advice: should it be clear? Or concise? Or effective?

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When it comes to communicating our advice to clients we are guided by the words used by the regulators, or law, to guide us in how that should be framed or delivered. Or we think we do. The written advice, be it financial plans or Statements Of Advice being delivered to clients, are however getting […]

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Outdated board succession planning hinders diversity: 30 % Club

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Two-thirds of ASX 200 boards “always or sometimes” gravitate to candidates who are known to board members when they are selecting new directors, says the 30% Club. Directors who responded to a survey ‘Shaping the Boards of the Future’ by the 30% Club and the Australian Institute of Company Directors say it is easier to […]

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Fee for no service exposed

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The early findings from the Financial Services Royal Commission makes for some interesting reading. While some of the news may not shock you, there are some key takeaways that clients of financial planners should be critically assessing. What is a Fee Disclosure Statement (FDS)? The Future of Financial Advice (FoFA) reforms that came into effect […]

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It’s AML-CTF review time

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AUSTRAC is serious about anti-money laundering and counter terrorism (AML-CTF). Just take a look at their recent actions against the Commonwealth Bank of Australia. Any business that has an AML-CTF Program must have it reviewed regularly. This now includes digital currency exchanges. Who can do this review depends on whether your business has a Part A or […]

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Who is paying who?

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Who is paying who is becoming the biggest question in consumers minds as the public debate around fees and commissions and conflicts of interest increases in financial services. That’s a great thing for professional advisers.  It is however a question that many struggle to answer adequately when commission on products is part of their remuneration […]

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Nikko Asset Management Recognised as Best Asia Pacific Equity ETF Manager

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Nikko Asset Management (Nikko AM) has announced it has been voted the Best Asia Pacific Equity ETF Manager for the seventh time in eight years in a survey conducted by ETF Express, the digital news publisher serving institutional investors and investment advisers. Nikko AM’s ETF assets under management (AUM) grew to over JPY 6.4 trillion […]

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Tide is rising for accountants…but new thinking & alliances can future proof businesses

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Although the tide is rising rapidly for accountants, there is still time to restructure practices and develop new revenue streams and service offerings through professional alliances – and in doing so, futureproof businesses said Institute of Public Accountants (IPA) Victorian Vice President and Australian Wealth Solutions (AWS) principal Sam Zervides in his presentation at the […]

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Mentor records enrolment increase with planners focussing on new era relevance & productivity growth  

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Financial planners are responding positively to industry qualification requirements with Mentor Education recording a significant increase in enrolments across the leading RTO’s Diploma, Advanced Diploma, Master and Bachelor courses said the organisation’s founder and principal Dr Mark Sinclair. Commenting further, Dr Sinclair said interestingly, the focus of enquiries and industry qualification courses undertaken by planners […]

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Most Australian organisations aren’t ready for the Notifiable Data Breaches scheme; but it’s not too late   

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Large numbers of Australian organisations of all sizes and sectors don’t know where to start when it comes to Australia’s new Notifiable Data Breaches (NDB) scheme and, as a result, have not yet taken steps to ensure they are ready to meet requirements. Covata’s Chief Commercial Officer, Derek Brown, believes that organisations putting off NDB […]

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Five New Year’s money management resolutions to keep your business firing on all cylinders in 2018

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Every year without fail, January comes rolling around and we set resolutions to better our personal lives such as eating healthier or joining a gym. Unfortunately, only 9% of those who set a goal on January the 1st will achieve their New Year’s target[1]. This makes it much more important to also evaluate the changes […]

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