Editor's Choice
Treasury responds to Debelle's review into the AOFM
|Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.
Bravura ups guidance, reports earnings increase
|Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.
MaxCap hires from Vanguard, AustralianSuper
|MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.
Zenith snags mandate from Granite Bay
|Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.
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Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
There is no way tax agents and the majority of accountants will be able to provide 'licensed' advice given the onerous demands now in place since the introduction of the FOFA reforms. They don't have the resources and won't want to spend what is needed to successfully transition their businesses. This whole saga is a storm in a teacup and there are good reasons accountants got left behind over 20 years ago when the life industry took the bull by the horns and ran with the wealth management/financial advice industry. Accountants/tax agents are tax people. Reactive and after the fact. Better behind a desk in the corner than standing out front. There won't be any new industries or starting again. If anything the current environment only highlights the days are numbered for these archaic cottage industries. Any accountant worth their salt would already be providing 'licensed' advice.
There is no way tax agents and the majority of accountants will be able to provide 'licensed' advice given the onerous demands now in place since the introduction of the FOFA reforms. They don't have the resources and won't want to spend what is needed to successfully transition their businesses. This whole saga is a storm in a teacup and there are good reasons accountants got left behind over 20 years ago when the life industry took the bull by the horns and ran with the wealth management/financial advice industry. Accountants/tax agents are tax people. Reactive and after the fact. Better behind a desk in the corner than standing out front. There won't be any new industries or starting again. If anything the current environment only highlights the days are numbered for these archaic cottage industries. Any accountant worth their salt would have been providing 'licensed' advice a long, long time ago.