Platform asset-based fees under fireBY MARK SMITH | THURSDAY, 31 JAN 2013 11:30AMThe retail platform market is on the cusp of a revolution which will see standard asset-based pricing replaced with a fee-based structure, said Chris Wrightson, managing director of Centurian Market Makers. |
Editor's Choice
REI Super chief executive steps down
REI Super is farewelling its chief executive Jarrod Coysh, after more than seven years in the role.
Former Brighter Super investment lead plots return
After a six-month hiatus, former Brighter Super chief investment officer Mark Rider is returning to the superannuation industry, set to join another super fund next month.
CGT, negative gearing changes to become a law
The government's tax agenda announced in the Budget overhauling the capital gains tax (CGT) discount and negative gearing have now passed the Parliament and will become law.
BUSSQ beefs up cyber security oversight
The Queensland industry fund has welcomed a cyber security expert to its board of trustees, bolstering its oversight on heightened cyber security risk.
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
Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
The fundamentals world wide of the managed investment industry is that as soon as one of the funds trys to so this the funds flow out to somewhere else.
So fund managers and platforms are really going to signal upfront to financial advisers and planners that we are going to tell you how you can service your clients.
Plenty of master trust options and platforms to choose from.
Wait until the first provider does this and watch the funds flow out. The watch the board sack the person who decided that this was a good idea.All of the older advisers and planners in Australia will remember what happened to the US based fund managers who tried to cut planners out of the system there. As soon as the market corrected the funds not under advice flowed out and nearly broke the organisations. Not a very relevent view of the world from a limted perspective.
Does it mean that this sort of change is coming......possibly, possibly not. I do agree with Mervin - Let any change to fees be decided and agreed between Adviser and Client. It is after all their relationship, and the fees pay for advice the client receives. Product is a separate fee so perhaps product manufacturers would do best to focus on their delivery of value and not restrict or determine the fees for advice.
What else you got Chris?