Vertically-integrated advice model can workBY ALEX BURKE | WEDNESDAY, 25 MAR 2015 12:35PMDespite recent controversies, vertical integration can work if implemented properly, according to Australian Bankers' Association chief executive Steven Munchenberg. Related News |
Editor's Choice
Former Income AM director launches fixed income advisory
|A former Income Asset Management executive director has launched Ancora Fixed Income Advisory for high-net-worth clients targeting the defensive asset class.
TAL names super fund partnership lead
|TAL has named a new partnership leader who will focus on its collaboration with a super fund, replacing Mel Jose, who left in August to join Netwealth after a two-year stint.
Capital Group expands into Middle East
|Capital Group said the Middle East is a strategically important region for the business and its clients.
UniSuper says Firmus float was 'priced to perfection'
|UniSuper chief investment officer John Pearce said the $175 billion super fund decided to not take part in the Firmus float, describing the neo-cloud company as "priced to perfection", before the initial public offering (IPO) was abandoned today.
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
Cliff Man
CHIEF EXECUTIVE OFFICER
ETF SHARES MANAGEMENT LTD
ETF SHARES MANAGEMENT LTD
ETF Shares chief executive Cliff Man spent his career automating, building and challenging established systems. Now, he is betting that Australia's ETF market has room for something different. Vinny Vucago writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
"He would say that, wouldn't he" ( Mandy Rice-Davies on John Profumo )
My mail is that the banks are gearing up to replace bank-based advisers with Robo Advice, with products being sold on a General Advice basis.
They will sell their bank owned distribution (sorry, I mean dealers ) because they cannot control the liability for poor personal advice. There is indeed a limit to the cheque book.
That's why Trowbridge is so good for them-reduce commission outlays for the IFA advisers, but only in the short term (according to Simon Swanson).
And banks are ONLY interested in Short Term shareholder value.