Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 111 - 120 of 338 results for "Reliance"

Mortgage Choice Financial Planning rebrands

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
... era" of advice. "We set up our licence model in 2012 to be sustainable and adaptable to change," he said. "We have no reliance on grandfathered revenue, no cross subsidisation from volume bonuses, no cross subsidisation from product manufacturing and ...

Aussie equities winners, losers revealed

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
... diversified revenue sources, are more susceptible to idiosyncratic shocks (that is, during a global pandemic), and have greater reliance on equity capital markets for funding. Because of this, the ability of small cap managers to respond to the rapidly ...

Isolated advisers enter the digital age

ALLY SELBY  |  THURSDAY, 9 APR 2020
In an industry known for its reliance on pen and paper, financial advisers have been quick to pivot their business models in the face of COVID-19 and embrace technology. For tech-savvy advisers the COVID-19 spurred shutdown will likely see no material ...

Business unusual: COVID-19 threats facing real estate

ALLY SELBY  |  THURSDAY, 2 APR 2020
... date, while Hong Kong has held up the best down 23%." The significant downturn in Australia was owed to the country's reliance on retail, he said. "Almost 50% of the AREIT benchmark is comprised of retail REITs. Retail has been under pressure in ...

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... Australia could be worse than the Global Financial Crisis. This, he argued, is due to our close proximity and trading reliance on China, pointing to the slowdown (and shutdown in some cases) in business and consumer activity in China and its domino effect ...

Industry-made retirement models are self-serving: SCA

ELIZA BAVIN  |  MONDAY, 2 MAR 2020
... Superannuation Funds Australia (ASFA) are not reliable and overstates how much a person needs for a comfortable retirement. "The reliance on the ASFA standards has affected media and public perceptions of what constitutes an adequate retirement income," ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
... millions of customers were ripped off by the bank. "The order finds that Wells Fargo sought to induce investors' continued reliance on the cross-sell metric even though it was inflated by accounts and services that were unused, unneeded, or unauthorized," ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... Baillieu which picked up 109 and Fortnum with 81. One of the big changes in the industry has been and remains the growth in reliance on managed accounts. Managed accounts funds under administration grew 39% last year alone to $63 billion - outgrowing ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... in their ability to actually inform or protect consumers. Last year's report from ASIC on the matter said: "The over-reliance on disclosure in some ways proved an enabler of poor conduct and poor consumer outcomes revealed by the financial services royal ...

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... from directly providing wealth management activities and owning major dealer groups. "This will lead to an increased reliance on smaller dealer groups and self-licensed advisers to meet advice needs across the whole financial sector." He named AMP and ...