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Showing 11 - 20 of 219 results for "Advice fees"

Super outflows persist but profits up at Insignia Financial

RIDDHIMA TALWANI  |  THURSDAY, 19 FEB 2026
... revenue rising to $85.8 million. Insignia Financial said the increase in revenue was mainly due to higher average advice fees, new client growth and modest growth in asset-based fee income in Shadforth. "The advice business delivered net revenue growth ...

Court blocks Merhi from financial services

KARREN VERGARA  |  TUESDAY, 28 OCT 2025
... about $230 million into Shield. In return, ASIC alleges Merhi's businesses received nearly $18 million in upfront advice fees and more than $19 million from entities associated with First Guardian for marketing First Guardian to clients. Last month ...

MLC Expand targets time savings with new AI capabilities

MATTHEW WAI  |  THURSDAY, 16 OCT 2025
... 15 minutes per new business application. The platform has already implemented AI to automatically populate clients' advice fees in their fee consent form. MLC Expand chief executive Liz McCarthy said the implementation of these features is a direct response ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... Shield between 2020 and 2024. ASIC claims Merhi's businesses in return received nearly $18 million in upfront advice fees and more than $19 million from entities associated with First Guardian for marketing the fund to clients. ASIC will also push ...

Only half of advice practices report positive earnings: Investment Trends

MATTHEW WAI  |  WEDNESDAY, 20 AUG 2025
... efficient advice models and disciplined pricing are "increasingly separating" high performers from the pack, the ongoing advice fees remain significantly higher among the top 20% of practices. "We are seeing a strong focus on operational efficiency that ...

ASIC grants no-action on deficient advice fees consent

JAMIE WILLIAMSON  |  FRIDAY, 6 JUN 2025
... to an issue related to the inclusion of account numbers in a client's written consent for the deduction of ongoing advice fees. ASIC is reminding financial advisers and superannuation trustees to ensure they're complying with client consent requirements ...

Industry groups hammer out guidance on tax-deductible advice fees

ANDREW MCKEAN  |  MONDAY, 26 MAY 2025
... Association Australia (FAAA), in consultation with leading accounting bodies, has released new guidance on tax-deductible advice fees. The guidance follows the release of the ATO Tax Determination in September last year, which the FAAA had lobbied for ...

HUB24 sees record quarterly inflows of $4.9bn

ELIZA BAVIN  |  TUESDAY, 15 APR 2025
... said that during the quarter its advice fee consent capability was updated to allow the option to include or exclude advice fees on a range of investments, which it said provides advisers with greater flexibility in tailoring fee arrangements. HUB24 ...

ASIC issues new guidance on DBFO reforms

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
... trustees "must have a member's written request or consent, or a copy of the request or consent, before they charge advice fees (non-ongoing fees) under an arrangement that is not an ongoing fee arrangement (non-ongoing fee arrangement) to a member's ...

Retail super funds spend big on advice

KARREN VERGARA  |  FRIDAY, 1 NOV 2024
... member-initiated usage of advice services offered by the RSE licensee and charged to the member under agreed or activity-based advice fees. Industry funds spent the most on intra-fund advice with ART leading the pack at $17.7 million. HESTA ($12.4m) ...