What’s driving the sale of financial planning practices: a look at the data that tells the story

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Financial services practice broker, Growth Focus, has compiled qualified data over the last three years looking at the reasons financial services practices sell. “Over the last decade, the reasons for selling a financial planning business have been consistent in their frequency with some notable trends developing in the past three years,” says Steven Fine, managing... Read more continue reading

Household Capital 2020 Third Pillar Forum

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Household Capital’s 2020 Third Pillar Forum launched yesterday as an online experience. The online forum includes a live panel discussion and interviews with 27 experts from around the world. The Forum’s live national panel debate was hosted by Ali Moore in the Melbourne studio with Andrew Boal, CEO of Rice Warner and Joshua Funder, CEO... Read more continue reading

‘Imminent risk’: Financial advice practices could fail in new economic environment

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Leading Australian portfolio manager Dynamic Asset Consulting warns that financial advisers are putting their businesses and their clients at serious risk by implementing traditional strategic asset allocation (SAA) portfolios. Sydney-based Dynamic Asset Consulting (DAC) provides end-to-end business solutions for Australian financial advice practices though actively managed discretionary accounts (MDAs). Portfolio manager Dr Jerome Lander said... Read more continue reading

Future of advice is in peril – it can only be assured by understanding past failings

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If the future and well-being of consumers is truly the highest priority of the federal government and financial services industry, then the quality of judgment has to improve and decisions made based on the lessons embedded in the experiences of the past. The future viability of the advice sector is quite literally at the precipice!... Read more continue reading

The new normal for financial advisers: a time for reinforcing empathy and meaningful client connections

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During these unpredictable times, it’s understandable that people are feeling high levels of uncertainty. All aspects of our lives – from health, work and finances to socialising and the way we perform menial tasks – are being impacted in different ways. Financial advisers are in a unique position to help clients realise their aspirations As... Read more continue reading

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

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

Early access not so super for women

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The COVID-19 crisis has seen many Australians taking steps to stay afloat with their finances. With women more likely than men to withdraw super to make up the shortfall in their income, what does this mean for their long term financial wellbeing? Fran Hughes CFP®, Head of Financial Solutions at Nexia Perth explores the reasons... Read more continue reading

We need to talk some common sense about super

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Economic pain has been on the horizon for some time now, but no one wins in a race to the bottom. There’s no doubt that the remainder of 2020 is going to be particularly tough for Australian businesses and their employees. Until earlier this year, the economy had been slowing for some time. It was... Read more continue reading

Consumers engulfed in coronavirus ‘circle of fear’ turn to depleted & wounded ranks of planners for help

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As the flattening of the coronavirus curve slowly inches downwards and a glimmer of hope appears on the horizon, it’s appropriate to reflect on the myriad of issues and lessons derived so far from the pandemic, in particular the lack of recognition that is afforded to the role of financial planners. With the ranks mercilessly... Read more continue reading