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
Praemium's new leadership toughens earnings yardstick
Praemium's new leadership will be keeping a close eye on costs, with new chief executive Denis Orrock noting he will make sure the technology upgrade underway translates into stronger earnings and better returns for shareholders.
Australian Ethical FUM drops by $70m
Australian Ethical saw a net outflow of $100 million in its investment business in the first quarter of the financial year.
Perennial expands wholesale offer for pre-IPOs
Perennial Partners is launching a new strategy for wholesale investors to capitalise on global pre-IPO opportunities, requiring a minimum investment of $100,000.
Macquarie wealth investment chief to depart
Macquarie chief investment officer for wealth will take on a new role at a New Zealand-based investment management firm after serving in the position for close to three years.
Further Reading
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
David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
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?