Focus on older men will kill financial planningBY ALEX BURKE | FRIDAY, 22 JUL 2016 9:46AMThe over-representation of over-50 men in financial advice spells doom for the industry, according to Affinia head Marcus O'Sullivan. Related News |
Editor's Choice
ASIC sues First Guardian-linked auditors
ASIC has commenced proceedings against Auditeo Australia and two auditors for their involvement in the First Guardian Master Fund failure.
Acclime acquires Melbourne's Polar 993
Acclime, a provider of corporate, governance, advisory and fund services across Asia Pacific and global markets, has signed an agreement to acquire the independent trustee and fund administration business from Melbourne.
Platforms are not solution providers: AZ NGA
AZ NGA group chief executive Paul Barrett warned platforms should stay in their lane rather than overstep to improve financial adviser productivity, reiterating that it is the advice business' responsibility to do so.
Nesta pulls $247m mandate from Northern Trust over climate stance
UK research and innovation foundation Nesta Trust has transferred £120 million ($247m) of assets from Northern Trust Asset Management to Amundi after the US manager withdrew from major global climate initiatives, highlighting the growing commercial consequences of fund managers stepping back from climate ...
Videos
Brought to you by ![]()
Further Reading
Products
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
Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
What can one expect, after the Industry funds have been allowed to demonise the profession for years with 24/7 TV advertising, designed to create a negative stereotype. Then you have the sensation seeking media who tend to blow the slightest scandal completely out of proportion and generalise like hell about all industry participants.
Like any other, this industry has had it's rogues but by-enlarge the majority are professionals seeking to do the right thing by their clients. Vested interests and an irresponsible media have damaged the profession's reputation almost beyond repair.
Is it therefore any wonder that not many young graduates are seeking a career in Financial Planning? Is it also any wonder that over the next five years you are likely to see a mass retirement of industry stalwarts, who are sick to death of endless inquiries, reforms and politicisation, leading to an over complication of the advice process? Anybody who hasn't seen this coming must have had their head buried in the sand. This story is no great revelation.