Wealth industry unprepared for liability shift in new ‘Seller Beware’ rules

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New rules likely to soon pass Australia’s parliament will make financial advisers and product issuers directly liable for ensuring financial products are only sold to suitable customers — shifting responsibility from ‘buyer beware’ to ‘seller beware’. “Australians haven’t yet recognised the tremendous significance of these new financial suitability laws, which turn conventional wisdom about who is […]

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FinaMetrica & AdviserLogic join forces to offer a simple best practice risk profiling solution

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FinaMetrica, the pre-eminent global provider of risk tolerance assessment tools, has announced an integration with AdviserLogic, Australia, provider of cloud based client relationship management (CRM) systems for financial advisors. The integration will allow advisors using the AdviserLogic CRM to quickly and accurately assess a client’s risk tolerance score via both FinaMetrica’s 25 and short 12 […]

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PlanPlus and FinaMetrica merge

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PlanPlus of Toronto, Canada and FinaMetrica of Sydney, Australia are delighted to announce their merger, effective 1st August 2017. The merged entity is called PlanPlus Global, but the globally recognized PlanPlus and FinaMetrica brands will also continue to offer their world-leading products on a stand-alone basis. Each is a recognized international leader in its market […]

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Financial Express (FE) implements FinaMetrica’s risk profiling technology

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FinaMetrica is pleased to announce the implementation of its risk tolerance score technology for industry leading software and data provider Financial Express (FE). Currently used by thousands of leading financial advisors across the globe, FinaMetrica’s award-winning risk profiling process scientifically assesses a client’s risk tolerance, helping advisors to deliver suitable investment advice and encouraging clients […]

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Robo advisers must reach beyond ASIC’s low minimum standards

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Australian robo advisers must reach beyond the limited scope of recently published ASIC RG255 guidance on digital advice. Regulatory Guide 255 about providing digital financial advice leaves many questions about the integrity of robo algorithms and investment standards unanswered. However, these are critical questions that every digital advice operator must address. “ASIC’s regulatory guide is […]

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Finametrica wins award for Best Risk Profiling Solution at US Family Wealth Report 2016

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FinaMetrica has been crowned ‘Best Risk Profiling Solution’ at the 3rd Family Wealth Report Awards 2016. The independently owned Australian-based business says the award is a much appreciated confirmation that it provides a best-of-breed tool for measuring risk tolerance to better match portfolios to the needs of investors. FinaMetrica won the award for the second […]

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Men prefer more risk than dames

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When it comes to investing, women don’t fancy as much risk as their male partners – in just one in six couples will it be the female who is the bigger risk taker, according to data from suitability expert FinaMetrica, which is warning financial advisers to act in the best interests of the female investor […]

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Three Things For Anxious Investors To Know In Market Sell-Off

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FinaMetrica, the global risk and suitability expert, says if you are an investor, there are three key things to think about when share markets sell off to avoid panic selling or knee-jerk reactions that could dent your wealth over the long term. By the time the bad news is being reported, it is typically too […]

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FinaMetrica drives suitability in Macquarie’s new Robo-Adviser

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Macquarie Group has joined forces with FinaMetrica to use its risk profiling software for its new robo-adviser platform, OwnersAdvisory. and Macquarie collaboration enriches the value proposition of both parties. It enables FinaMetrica to deliver its market proven enterprise risk profiling consistencies to Macquarie’s advisory customers,” said FinaMetrica co-founder Paul Resnik. “It gives FinaMetrica’s subscribers the opportunity […]

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Robo revolution is here, 10 dramatic impacts

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A new report from risk profiling specialist FinaMetrica, The Robo Revolution: Robo Advice Market Commentary and Analysis, details 10 dramatic impacts of robo-advisers on the Australian and global financial planning industry. The report, released in Australia this week and authored by FinaMetrica co-founder Paul Resnik, describes robo-advice as the “most significant development in the delivery […]

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