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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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
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. |  |
There is nothing wrong with the payment of COMMISSIONS to advisors for their advice and responsibilities associated with Funds Management providing it is disclosed in a SoA in the NORMAL WAY! This is particularly suitable for smaller accounts, surely, as an inexpensive method of being remunerated for an adviser's continuing responsibilities, which, in turn, cost him PI Insurance!
The Hon Chris Bowen during ABC Lateline on the 11th Feb 2014 said that: "And you can have disclosure.... 'By the way I get a commission'.. and how many people read that is open to very, very much conjecture" and thereby revealed that he does not know what detailed disclosures go into a SoA, and that he treats the public as though they were stupid.
In which case why did he advocate any of the disclosures called for in his FOFA legislation when he does not believe that they will be read????
Wouldn't you just know that the ISA and FPA are aligned regarding opposition to Commissions. If only the costs and fees of Industry Funds were completely transparent.