How much a self-licensee spends on complianceBY KANIKA SOOD | THURSDAY, 28 NOV 2019 4:16PMA Melbourne-based self-licensed financial planner has shared how much her practice spends on compliance for every $100 of its revenue.
Related News |
Editor's Choice
Platinum announces strategic review
|Platinum said following the review Platinum Capital and Platinum Asia Investments may be wound up.
Sequoia chief's job at stake in upcoming EGM
|Sequoia Financial Group will hold an Extraordinary General Meeting (EGM) in June that will consider a resolution to remove chief executive and managing director Garry Crole.
Scott Farquhar steps down from Atlassian
|After more than two decades at the helm, Scott Farquhar will step down as co-chief executive of Atlassian.
Goldman Sachs ditches robo-adviser Marcus Invest
|The investment bank is offloading Marcus Invest to Betterment just three years after announcing it will launch the digital adviser.
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. |
Products
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.
Very interesting...
A 15 to 17 per cent of revenue estimate.
This becomes higher I suspect if new adviser modeling is taken to account.
This is because of fixed overheads in induction; fspr, complaints authority, FAP costs to practice and advise, PI cover again for both, induction costs, CRM, Research Tool Box, report writer (if not in CRM), Level Five, Professional Development on going. Harder as many costs not transferable which is exasperated when not every new professional succeeds .
Nice article...
Not sure where administrative expenses not related to compliance fit in this