Daily economic round-upBY PETER BELL | FRIDAY, 25 AUG 2006 12:27PMThe release yesterday by the ABS of the House Price Index showed an increase of 3.1 per cent over the June quarter which tallies to an annual growth rate of 6.4 per cent which is the fastest annual rate since December 2003. Perth house prices led the nation with a quarterly increase of 11.9 per cent taking the annual increase to 35.9 per cent. Although Sydney lagged behind other capitals the growth rate of 1.4 per cent was the highest for 10 quarters. |
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The 'blind spot' costing advisers nearly $10bn: Research
Research from Elemnta indicates financial advisers do not realise they are expending nearly twice as much effort on non-advised operations, highlighting a perception gap and challenges related to data collection and access, which cost 6000 practices about $9.36 billion in "destroyed enterprise value".
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Featured Profile
David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
