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| | | ... huge," Schaffer said. In terms of suitable clients, Schaffer highlighted a third of advisers are using managed accounts for SMSF clients and close to 40% use them for retirees. However, there is a change in demographics, with a third of managed account ... |
| | | | ... 10 fastest growing AFSLs, with Count Financial topping the ranks on this front. The fastest contracting AFSL remains the SMSF Adviser Network, losing almost 400 advisers in 2022. |
| | | | ... appointing a head of technology services in the process. Fin365 will merge with Optimised Financial Planning Solutions (OFPS) and SMSF Paraplanners (SMSFPP) to cater to demand from clients for more services. OFPS is a technology consulting firm and SMSFPP ... |
| | | | ... start the new role on January 1, taking over from Ron Lesh who will continue as managing director. Tramontana joined the SMSF provider in 1997 as a member of the support team and has since held various positions including general manager. Lesh explained ... |
| | | | ... that today services some 12,000 Australian advisers. Outside of his Vanguard tenure, Bowerman served on the board of the SMSF Association, founded the FSC ETF working group and co-authored Wealth of Experience with Duffield. Vanguard Australia managing ... |
| | | | The SMSF provider released an electronic lodgment of the company tax return in its investment portfolio software solution, Simple Invest 360. Simple Invest 360 is an end-to-end investment portfolio management solution for companies, individuals and ... |
| | | | ASIC has updated guidance on SMSF advice, deciding to remove $500,000 as an indicator of the "appropriateness of advice" to establish a SMSF. ASIC hasn't opted to nominate a minimum threshold but said fund expenses are proportionality higher, and net ... |
| | | | ... and Count Financial at 15%. JBWere has the highest proportion of advisers with a Bachelor's degree at 88%, followed by the SMSF Advisers Network (75%) and Morgans Financial (70%). The median across all AFSLs was 57%. As for the AFSL with the most advisers ... |
| | | | ASIC has acted against six self-managed superannuation fund (SMSF) auditors for breaches of independence requirements and auditing standards. Between June 29 to September 30, ASIC disqualified three SMSF auditors from being registered, imposed additional ... |
| | | | ... SMSFs that had greater than 90% of their assets backed by an LRBA. But, while LRBA assets are making up a larger share of SMSF portfolios, SMSF borrowing proportion of total SMSF assets has remained largely stable and leverage ratios have decreased. ... |
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