Super funds in pole position for expanded adviceBY KARREN VERGARA | MONDAY, 26 FEB 2024 12:38PMSuperannuation funds will have a leg up over life insurers and banks once the federal government implements its proposal to expand financial advice. Related News |
Editor's Choice
Netwealth reports record $36bn FUM in Q1
|Netwealth observed record growth over the first quarter of the financial year, with both funds under administration and funds under management increasing by $3.4 billion and $2.4 billion, respectively.
First Sentier lists active ETF
|First Sentier has made the First Sentier Global Listed Infrastructure Fund (Hedged) Active ETF available to Australian advisers and investors.
Janus Henderson launches global equities active ETF
|Janus Henderson Investors has launched a global equities strategy designed to combine a broad market exposure with research-driven stock selection.
SILC partners with Totality to give clients brokage access
|Wholesale trustee The SILC Group (SILC) has partnered with brokerage firm Totality to provide its equity fund manager clients with access to institutional-grade prime brokerage services.
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. |  |
An incredibly lop sided view of life from the FAAA as to whether banks will or will not re-enter the advice market. In truth, the FAAA has no idea what the banks will do. ( it's subjective at best ) Regurgitating history to suggest they won't return is a pretty shallow view of strategy given the want to serve clients better. The reality is that technology developments have enabled scaleable low cost 'personal advice' with all of the consumer protection protocols in place to become a reality. There are regulated providers with AFSLs issuing advice through an SoA already operating in the market and they make advice affordable and accessible - which the FAAA does not.
It seems to me the Super Funds and the Banks and some smart advisers and platforms (to wit, orphaned clients) will all consider the merits of this and as with all wealth providers, seek to provide a genuine trustworthy experience to their members or clients. Interesting to observe that the FAAA in it's continued pursuit of face to face advice (in defence of its client base) doesn't seem to be aware of the depth of the digital advice market already - which is surpassing the cliched views that it can't be done.