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Showing 31 - 40 of 134 results for "Scaled Advice"

18 misconceptions about FASEA code

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... FASEA. The code has too many areas of uncertainty: Patterson argues there is not much left uncertain. The code makes scaled advice very difficult: Advice may be scaled when it is in the client's interest, he explained. Standard 2 will increase the cost ...

Non-compliant personal advice rife at super funds: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
... files from 28 AFSLs providing advice on behalf of 21 super funds. This included a mix of intra-fund advice (14%), scaled advice (29) and comprehensive advice (57%) but did not include general advice. Industry funds provided 128 files; 59 files came from ...

Advice associations welcome ASIC stance

HARRISON WORLEY  |  WEDNESDAY, 27 NOV 2019
... advocate for changes to Standard 3 and further guidance across the board, in particular with respect to Standard 7 and scaled advice," Kewin said. Kewin's FPA counterpart Dante De Gori agreed, but said ASIC's facilitative compliance approach didn't excuse ...

AIST finds issues with FASEA code

ELIZABETH MCARTHUR  |  MONDAY, 25 NOV 2019
... comprehensive advice is not needed by all members," Scheerlinck said, "The need to be able to offer cost-effective scaled advice is fundamental, particularly given research that has shown that Australians express a preference for piece-by-piece advice ...

Centrepoint revenue model improves bottomline

KARREN VERGARA  |  THURSDAY, 22 AUG 2019
... financial advice sector's business model need to change. We are leading by example and we were one of the first scaled advice businesses to reset pricing," Benbow said.

Scaled advice tools on the rise

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
Close to 50% of financial advice firms plan to adopt scaled advice technology within the next two years. This is a key finding of the latest AdviceTech report from Netwealth, examining 330 advice firms. According to the report, 47.3% of the firms examined ...

Commonwealth Bank mulls retail advice business sale

KANIKA SOOD  |  FRIDAY, 21 JUN 2019
... banking income in the half-year ending December 2018. Of this, CommSec Advisory is a very small part. It provides scaled advice on equities. The business is separate from CommSec Adviser Services (CAS) which provides financial planners and accountants ...

Industry fund, IRESS begin automated advice journey

DARREN SNYDER  |  TUESDAY, 30 OCT 2018
... management. IRESS managing director, superannuation Jeff Hall said the solution can also be coupled with WA Super's use of scaled advice solution XPLAN Prime. Using one technology provider for the digital advice solution reduces risks associated with ...

PractiFI opens US office

KARREN VERGARA  |  WEDNESDAY, 22 AUG 2018
... delivers on our commitment to innovation, giving advisers the ability to use artificial intelligence to deliver scaled advice, bringing huge efficiency gains," PractiFI chief executive Glenn Elliott said at the time. Midwinter entered into a strategic ...

Advisers still resistant to social media

JAMIE WILLIAMSON  |  THURSDAY, 31 MAY 2018
... technology to have the greatest impact on their business over the next five years. Meanwhile, 32.13% believe it will be scaled advice and 31.15% anticipate artificial intelligence and machine learning will bring about great change. Interestingly, robo-advice ...