Proud to be an Adviser – Part one – Jenny Brown

From

I often get asked why I love being a financial adviser – well the answer is simple, I get to help our clients every day of the year.  Along with my awesome team we are able to make such a difference in the lives of our clients whether it be when we get to help […]

continue reading

Synchron responds to FASEA CPD standard

From

On first reading, Synchron cautiously supports the latest approach to Continuing Professional Development (CPD) put forward by the Financial Adviser Standards and Ethics Authority (FASEA), which was recently released for consultation via a legislative instrument. Synchron Director, John Prossor said, “While we have yet to examine it in detail, on face value it appears reasonable. The increase in CPD […]

continue reading

UK Crypto-task Force findings demonstrate lack of understanding of industry

From

The UK Crypto-task Force has published a ‘unanimously’ agreed report on crypto-assets for its digital currencies inquiry. Its findings demonstrate a deep misunderstanding of the industry. Kate Rhodes, Director of Regulatory Affairs for Coinweb and Industry expert, discusses below. The UK Crypto-task Force report, unexpectedly released today, demonstrates a deep misunderstanding of both crypto-assets and […]

continue reading

It’s time to ask where is the financial services industry and planning profession going

From

As the federal government, Royal Commission and FASEA continue to reshape the industry and fuel many predictions and much speculation, it’s imperative to take time out to seriously consider the future as the ramifications are so immense. The industry has seen constant change over the past 30 years which started when Paul Keating created the […]

continue reading

With trust levels plummeting, it’s time to get personal

From

Tackling the trust issue is one of the greatest challenges currently facing our industry. Peter Malekas explores practical ways for advisers to turn the tide. We are experiencing a national crisis of confidence in our institutions. Our trust in business, government, media and non-government organisations has fallen drastically in the past year, and signs point […]

continue reading

Conflicts of interest identified by Royal Commission not news to independent advisers

From

The recent news that ASIC has commenced legal action against AMP is not surprising. The fallout that has resulted from the Banking Royal Commission, along with ASIC’s announcement that its financial services reforms has enshrined conflicts of interest within vertically integrated advice and product providers, have not come as a surprise to many long term […]

continue reading

Dover’s demise – consumers and advisers abandoned 

From

As the fallout and ramifications of Dover Financial Advisers (Dover) demise continue to reverberate following the group’s decision to hand back its AFSL and it has exposed the immense flaws in the Australian licensing regime. It clearly highlights how the current structure favours large institutions and not the advisers and their clients. Not only are […]

continue reading

The future of advice – Separating planning and portfolio advice

From

DFS Portfolio Solutions Principal, Stephen Romic, addresses the future of Financial Advice, which is based on his firm’s experience in successfully separating planning and portfolio advice. The DFS approach promotes advisor accountability through transparency and offers an objective framework that enables consumers to consistently measure the levels of value and success they are achieving. DFS […]

continue reading

Retirees cautioned to be aware of ‘fake income’

From

“While ‘fake news’ is now a common catch phrase, income investors also need to be aware of ‘fake income,” said Don Hamson, Managing Director of Plato Investment Management (Plato). Dr Hamson explains that ‘real income’ is the income derived from investments in the form of interest, dividends (including franking credits) and rents. “It should not […]

continue reading

Royal Commission is an imperative for the future wellbeing of financial services…it must be comprehensive says Paul Tynan

From

As the Royal Commission into the Banking, Superannuation & Financial Services Industry gets underway Connect Financial Service Brokers (Connect) CEO Paul Tynan said he expects an acknowledgement of the fundamental issues when you combine banking and advice services. Commenting further Paul Tynan said, “The essential difference is that banking has a short-term time horizon and […]

continue reading