Post Covid-19 economy inspiring increased M&A activity with financial advisers

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Dennis Tomaras, a partner in eastern seaboard law firm, Cornwalls, believes that Covid-19 will be a significant contributing factor inspiring a wave of merger and acquisition activity in the financial advisory sector. ‘Financial advisers have been exiting the industry in growing numbers over recent years and this is fuelling advice businesses seeking M & A... Read more continue reading

An AFS licensing exemption for product issuers – intermediary authorisation

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Providing financial products to retail clients in Australia is almost impossible unless you hold an Australian financial services (AFS) licence. The intermediary authorisation exemption is virtually the only way product issuers can avoid licensing provided it’s used correctly. What is an intermediary authorisation? An intermediary authorisation allows an unlicensed product provider to operate by entering... Read more continue reading

Roar Software adds new revolutionary tool to connected technology solution

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Roar Software is revolutionising the experience of financial advice with the release of its industry-first advice viewing tool, allowing clients and advisers to view and interact with a Statement of Advice (SOA) or strategy document in a web-based environment. It allows clients to ask questions in real-time and an adviser to provide instantaneous feedback on... Read more continue reading

Westpac welcomes the start of data sharing through Open Banking

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Westpac has welcomed the launch of the next phase of Open Banking which allows personal banking customers to share certain data with trusted third parties. Starting yesterday, eligible Westpac customers can share their credit and debit card data, as well as deposit and transaction account data, with accredited third parties. The type of data available... Read more continue reading

Practice growth requires leadership more than management

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The most frequent thing I see that prevents great practice growth and holds advisers back from developing their dream business is a lack of vision. I don’t mean “vision” in the namby-pamby buzz-word sense of having a beautiful set of words on a plaque on a wall that nobody really cares about.  A clear vision... Read more continue reading

5 tips for managing your financial advice practice through changing times

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As people are increasingly embracing technology, there is no question the financial advice industry will change as we all become accustomed to the new digital normal. To thrive and remain competitive we must continue to innovate and invest in our digital capabilities. I am proud to see how the industry has adapted to meet changing... Read more continue reading

3 tips to raise funds efficiently in a tough market

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To commercialise and grow, your business needs capital. But the ongoing fallout from COVID-19 means this may be easier said than done. For a variety of reasons debt may also not be affordable or attainable. Waiting it out may not be viable for your cashflow, could be detrimental to your strategy or put your first... Read more continue reading

MetLife bolsters suite of adviser assistance tools with new podcast

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MetLife Australia has redoubled its efforts to support the adviser community during a turbulent time, announcing a new podcast series to be added to its suite of existing assistance and education tools. Each episode of the podcast, titled MetLife Insights, will feature a different adviser or licensee talking about their business and career, offering tips and... Read more continue reading

US providers continue to lead the way: Robo-advice Report

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Global research house Investment Trends has released its latest Robo-advice Report, an in-depth study of the adoption and appetite for automated investment services. The study is based on a large-scale survey of almost 20,000 online investors across Australia, the USA, the UK, Spain, Germany, France, Singapore and Hong Kong. Key highlights: US providers continue to... Read more continue reading

Fairness, vulnerability and Fintechs…

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Regulators have a laser focus on ‘fairness’ following the numerous scandals involving overcharging, underservicing and poor customer outcomes that were laid bare in the Royal Commission into Banking. For fintechs, this means making sure fairness is embedded at every customer touch point. This is no simple task as fairness is contextual and needs to address... Read more continue reading