Editor's Choice
Adviser numbers plateau
|The number of financial advisers in Australia appears to be stabilising at 15,602, as Count and AMP Financial Planning continue to hold the lion's share.
Praemium loses $700m due to adviser transitions
|Praemium reported total net outfows from its Powerwrap scheme has reached $700 million over the past three quarters.
Small cap investors told to 'stop whinging'
|Forager's chief investment officer has read the riot act to investors.
Adam Blumenthal ordered to pay $850k
|Blumenthal is also banned from managing corporations for five years.
Further Reading
Sponsored by | Where do advisers invest their time?The stage 3 tax cuts have sparked discussions on bracket creep. Implementing a tax-effective investment strategy is crucial now more than ever. |
Sponsored by | Quality and Yield. A Powerful combination.With central bank rates seemingly peaked, investors are not awaiting yield increases. We're bucking the trend with investment rates at decadal highs |
Sponsored by | Why it could be a good time to be a growth contrarianGrowth-style companies are in vogue, but you may need to think outside the box to ensure you don't overpay. |
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Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
The licensee statement is right in that costs of compliance are not discretionary. However, duplicate liability (licensees and advisers) is.
Lawyers and accountants have been able to manage the genuine difficulties mentioned by the licensees by using the partnership model combined with service companies. That could work for advisers as well.
AFSLs are the one's responsible for poor advice outcomes. Anyone who has been around long enough knows they were the reasons we had FOFA in the first place. To say they facilitate compliant advice is a joke. They have been leaching off the industry for years and advisers can no longer afford these parasites