Editor's Choice
Treasury responds to Debelle's review into the AOFM
Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.
Bravura ups guidance, reports earnings increase
Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.
MaxCap hires from Vanguard, AustralianSuper
MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.
Zenith snags mandate from Granite Bay
Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.
Products
Featured Profile

Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.







One of the current challenges for change is that mature practices with pre FoFA revenue suffer a significant cash flow hit when moving into any new Licence that doesn't have any grandfathering locked in. This suggests that AFSL's with grandfathering, APL & Platform flexibility with scale will most likely be the beneficiary of moves in 2015. There's a lot of noise about inquiries for self licensing today but no real evidence of large practices taking the hit once they realise the loss of cash flow. There's strong reason for like minded firms looking for scale and flexibility tofilter through the non bank, non AMP non IOOF affiliated AFSL market and find homes that are in tune with low cost product delivery and higher advice fees.