Editor's Choice
L1 Group sells Platinum's responsible entity to Equity Trustees
|L1 Group has offloaded Platinum Investment Management Limited (PIML) to Equity Trustees (EQT), handing over the responsible entity (RE) role for the Platinum funds while keeping investment management in-house.
LGT poaches Koda Capital's top-rated adviser
|LGT Wealth Management has poached Koda Capital's 2025 top-rated adviser and partner Frank Macindoe.
CareSuper rejigs beneficiary nominations, investment options
|CareSuper has introduced several changes to its investment options and beneficiary nominations.
Fortnum pays $1.35m to settle ASIC lawsuit
|Fortnum Private Wealth will pay a penalty of $1.35 million and ASIC's costs to resolve legal proceedings against the firm over a cyber governance matter which occurred between April 2021 and May 2023.
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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
Cliff Man
CHIEF EXECUTIVE OFFICER
ETF SHARES MANAGEMENT LTD
ETF SHARES MANAGEMENT LTD
ETF Shares chief executive Cliff Man spent his career automating, building and challenging established systems. Now, he is betting that Australia's ETF market has room for something different. Vinny Vucago writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Another malinformed and misguided initiative. Have any of these clowns actually worked out who these claims are against? Less than 1% will be IFAs and once again the institutions get away scot-free.
Irrespective of who is at fault for the financial harm that this scheme claims to redress, in what universe is it morally reasonable to determine liability for the harm caused (by others) based solely on occupation?
Will we also ask every politician to personally compensate the victims of bad policy put forward by the other party or that they didn't support or that happened before they were elected? Will we ask every single health worker to compensate people for things that didn't occur in their practice or hospital or whilst they were still in university and not working?
That is the offence being committed right now against the dedicated and committed financial planners of today. It's also why so many are leaving an industry they once loved. Future clients deserve better representation than to have advisers brave enough to be in business but unable to afford any but the most profitable of clients because of such levies.
Why doesn't the industry simply not pay - if we all came together and decided NOT TO PAY.
It is that simple, do you think they will cancel all FPs licenses... I do not think so.
If only we had a universal platform that all our Industry used / knew about were we could broadcast and communicate. Wouldn't that be great and send a very clear message to Canberra STOP TREATING this industry like an ATM with no PIN.