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
Blackwattle takes over Quest Asset Partners
Blackwattle Investment Partners has swallowed up Australian equities manager Quest Asset Partners for an undisclosed sum.
Funds SA poaches Vision Super risk specialist
Funds SA will welcome a Vision Super executive to replace executive director, governance and strategy Tony Burrill, as he prepares for retirement following a seven-year tenure at the company.
Regal flags muted second-half performance fees
Regal Partners expects to recognise at least $122.7 million in fund performance fee revenue for calendar 2026, with market volatility and weaker investment performance limiting the prospect of further material fees in the second half.
Insignia chief draws 'hard line' on NCAs giving retirement advice
Insignia Financial chief executive Scott Hartley said he draws a hard line when it come to the new class of advisers (NCAs) giving retirement advice.
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
Fiona Macgregor
GROUP CHIEF EXECUTIVE AND MANAGING DIRECTOR
TAL LIMITED
TAL LIMITED
Fiona Macgregor has risen through the ranks at TAL, taking the top job in 2024, but her life was touched by the insurance sector long before her tenure with the life insurer began. Eliza Bavin 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.