What ASIC, grappling with the lawless state of Australian robo advice, must learn from the driverless car industry

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As global tech heavyweights Google and Apple, along with emerging automotive brand Tesla and even global taxi industry disrupter Uber vie for dominance in the fast developing ‘driverless car’ space, the relevant legislators have struggled to keep pace with those persistent software developers. Perhaps spurred on by the first death of a motorist who placed […]

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Conscious uncoupling…is this a sign of the times?

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Another institutional licensee is exiting the advice industry, with the BankWest salaried advice division due to close its doors in a few months. This comes off Suncorp exiting its advice business in 2015. Rod Bristow, Managing Director and CEO of the Infocus Group, said “This is an emerging trend within institutional licensees. It seems to […]

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10 things you can do to build a better network

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The old saying “It’s not what you know – but who you know” is still relevant today. While career success isn’t solely determined by your network, there’s no doubt that a strong and sustainable network is a key influencing factor. Financial advisors who want to grow their career and practice need to look to build […]

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Why ROBO advice is more human than you think

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Let’s define ROBO. artificial intelligence (ai) ROBO is the creation of intelligent machines that work and react like humans. It’s computer science that incorporates knowledge, reasoning, problem solving, perception, learning and the ability to manipulate. Computers can only act or react like humans if they have an abundance of information relating to the world. Let’s […]

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Where the money isn’t

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There is a lot to like about the big four Australian banks. They are in a select club of global lenders with AA- credit ratings from S&P, dominate domestic market share and generate significant earnings from the residential housing market. Then there’s the dividends – on average 6% fully franked. That’s appealing when you consider […]

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Regulation more disruptive to financial services sector than digital innovation: industry stalwart

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Government regulation imposed on Australia’s banking, wealth management and superannuation sector has greater power to disrupt the industry than organic innovation, according to senior industry figure and company chairman Don Sharp. The former co-founder of financial advice business Bridges Financial Services Pty Ltd and former chairman of fund manager Investors Mutual Limited, Mr Sharp, said […]

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Election 2016: Uncertainty remains for financial services sector

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According to IOOF, this weekend’s Federal Election outcome typifies the challenges that the Australian financial services sector continually faces – a desire for clarity and certainty. However, the reality is that this may be unattainable regardless of which party eventually forms Government. Martin Breckon, IOOF Senior Technical Services Manager, said the policy direction of superannuation […]

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How to enhance your ability to progress through change

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The financial advice community has experienced constant regulatory change over the last decade, and it is now facing a wave of technology driven change. Technology is changing all aspects of how we work and live, with the inevitable result being rapid change in the workplace. This pace and quantum of change is so great that […]

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Crowd-funder DomaCom opens up agri investment to the retail market

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The on-again, off-again sale of one of Australia’s pastoral icons, Kidman Station, has stirred enormous public interest for two key reasons – mounting opposition to the sale of farming land to overseas interests and a growing awareness that agricultural assets have been a neglected asset class. When the proposed sale was announced early last year, […]

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The Good, the bad and the ugly

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The financial services sector is full of smart people with high levels of competency; builders of successful businesses, investment gurus and guardians of retirement funds for current and future generations. They are innovative in their thinking, ready to embrace new ideas and most notably generous in their mentoring of the new wave of talent coming […]

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