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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Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
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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. |  |
Rantall "warns" - what a clown. Overtime the ban on commissions will result in an increased percentage of the population not receiving appropriate advice. Planners were rewarded for retaining clients, performing routine work for them and providing advice. In this new regime unless we get paid the client won't get anything. The majority will suffer as a result of the soical engineering conducted by the do gooders.
Rantall and others should look at the situation with credit cards. Treasury and the Consumers Institute pushed hard for merchants to be able to pass on the merchant service charge to customers. They said that competition would result in merchants reducing prices for cash!
Others said this wouldn't happen and only result in prices being increased. The outcome has been no reduction for cash just an increase to boost retailer margins.
The loss of commissions will have a similar result. Those who will suffer most are those min most need of advice.
The FPA have definately lost the plot with refusing to believe that giving the client choice in how they pay for services. The FPA we hate commissions mantra is straight out of the ISN playbook and the FPA are sounding more and more like a sub set of the Industry Funds.
Just because the FPA have taken this stance it does not mean that the other 80% of the industry agree with you as we do not. Just a bunch of elitist do gooders trying to socialise the financial services industry.
Just as the UK Financial Services Authority found out, Commissions rule. If your a member of the FPA and are still getting trail commissions and charging commissions it is time to resign and find another association right now.
The legitimate FA industry is not acting in its best interests if it thinks that the Liberal Governments softening of the FOFA reforms will be in its best interests, long term.
The educated, qualified, legitimate sections of the industry should be fighting for the highest standards so that they can drive out those that give the public such mistrust.