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

Search Results

Showing 121 - 130 of 187 results for "Advice fees"

Asia-Pacific needs more retirement income specialists: Milliman

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... models, as seen in the UK, Australia Canada, and the USA. Unfortunately, for large segments of the population, fixed advice fees or fees levied as a percentage of assets managed both present a barrier to seeking financial advice." Others cited a lack ...

Macquarie boosts AUM, earnings flat

KARREN VERGARA  |  FRIDAY, 5 MAY 2017
... in December. "Increased platform commissions from higher funds on the Wrap and Vision platforms was offset by lower advice fees from lower adviser headcount," the company said. Head of wealth product and technology for Macquarie Wealth Management Cameron ...

Former Westpac planner banned

JAMIE WILLIAMSON  |  TUESDAY, 29 NOV 2016
... their client." A customer remediation process has been completed, with 29 former clients paid a total of $1,127,543 in advice fees, refunds of premiums for inappropriate advice and market loss related to investments. Bishop is the 22nd financial adviser ...

ASIC confirms systemic failures in advice

KERRIE SYDEE  |  THURSDAY, 27 OCT 2016
... systemic failures occurring in the future. "Changes introduced through the FOFA reforms have shone a light on the advice fees that customers are paying and the services they should be receiving in return,' said ASIC deputy chair Peter Kell. "Our report ...

Actuaries want super dashboard overhaul

DARREN SNYDER  |  MONDAY, 15 AUG 2016
... regulators will take notice of our concerns. In particular, the separation of investment fees and costs from administration/advice fees and costs is critical to member understanding of the value they receive from their superannuation fund. Including ...

Stockspot cuts robo-advice fees

KERRIE SYDEE  |  WEDNESDAY, 6 JUL 2016
Automated investment adviser and fund manager, Stockspot, has reduced fees for all clients and eliminated the annual advice fee for investment portfolios under $50,000. Stockpot founder and chief executive, Chris Brycki, said the decision to reduce ...

Asteron Life upgrades adviser facility

DARREN SNYDER  |  WEDNESDAY, 27 APR 2016
... upgraded adviser service fee facility. The enhanced facility enables an automated collection and payment service for advice fees charged to clients, which can be used at the initial advice stage as well as at the point of renewal. It is designed to be ...

US resistance to DOL fiduciary rule gathers pace

ALEX DUNNIN  |  WEDNESDAY, 2 MAR 2016
... retirees could abandon the sector especially if they were no longer allowed to receive sales commissions as de facto advice fees. Demonstrating how effective the securities industry lobbying has been, House Speaker Paul Ryan tweeted last week that "up ...

New super data adds more disclosure

DARREN SNYDER  |  THURSDAY, 11 FEB 2016
... totalled $4.2 billion, administration fees $3.9 billion, investment fees $2.5 billion, activity fees $900 million and advice fees $600 million. Expenses paid to service providers totalled $9.1 billion for the year, with 85% paid to external service providers ...

Robo-advice to drive down advice fees

ALEX BURKE  |  THURSDAY, 26 NOV 2015
The proliferation of robo-advice services will likely drive down financial advice fees in general, FinaMetrica co-founder Paul Resnik warned. Drawing from FinaMetrica's latest report, The Robo Revolution: Robo-Advice Market Commentary and Analysis ...