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Showing 41 - 50 of 213 results for "Advice fees"

Quantifying the value of a financial adviser

ANDREW MCKEAN | MONDAY, 24 OCT 2022

... investment decisions but having a financial adviser could add more than 4% to total portfolio value. So, even though advice fees have jumped 16% in FY22, from $3656 to $4685, Russell Investments' analysis argues that the total value of the services ...

Advice fees jump 16% in FY22

CASSANDRA BALDINI | FRIDAY, 21 OCT 2022

Initial advice fees charged by financial advisers on a per advice document basis increased 16% in FY22 to $3315 from $2859 the previous year. According to the Padua Advice Fee Data Report, FY 2022 ongoing advice fees charged by advisers on a per advice ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI | MONDAY, 29 AUG 2022

... to deduct fees from financial products, with obtaining annual written consent from their client to deduct ongoing advice fees from a financial product. Levy added that the consent form should explain the services that will be provided as well as the ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI | MONDAY, 11 JUL 2022

... recommendations. "Two important recommendations that we strongly oppose, and which need to be addressed, are banning ongoing advice fees within Choice funds and banning life insurance commissions," the AFA noted. "It was Commissioner Hayne who recommended ...

Advice requirements confusing, complex: JAWG

ANDREW MCKEAN | TUESDAY, 21 JUN 2022

... needed to satisfy the best interests duty. A profession-wide position on the tax deductibility of initial and ongoing advice fees and a review of the ASIC industry funding model was also prescribed. Of note, as previously reported on by Financial Standard ...

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON | FRIDAY, 22 APR 2022

... overseen by Justice Beach, was handed down today and saw Westpac fined $40 million for continuing to charge financial advice fees to close to 12,000 customers after they'd died. This conduct carried on for about a decade, including after such conduct ...

Managed accounts demand surges: BTFG

KARREN VERGARA | TUESDAY, 15 FEB 2022

... rapid take up. "We also added new platform features including auto-generated reduced income tax credits (RITC) on advice fees for investment clients, enhancing the advice fee process for offline consent, and the commencement of in specie rollovers to ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON | TUESDAY, 30 NOV 2021

... the fees for no service case, ASIC alleges Westpac and related entities within the group charged over $10 million in advice fees to more than 11,000 deceased customers. This conduct allegedly went on for 10 years. In the case related to group insurance ...

AMP in enforceable undertaking

JAMIE WILLIAMSON | TUESDAY, 16 NOV 2021

... are currently the matter of Federal Court Action, such as the continued charging of insurance premiums and financial advice fees to deceased members. However, APRA has made several determinations, including that AMP's failure to provide over 2000 ...

BT identifies Panorama outage cause

ELIZABETH MCARTHUR | MONDAY, 25 OCT 2021

... next few months we're releasing several improvements including the addition of reduced income tax credits (RITC) on advice fees for investment clients, enhancing the advice fee process for offline consent, and beginning to facilitate in specie rollovers ...

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Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI | 12:39PM

The Full Federal Court of Australia has criticised regulators for falling back on appeals to re-litigate cases on a different legal basis than the one run at trial.

Evergreen founder exits Ascalon Capital

KARREN VERGARA | 12:33PM

Ascalon Capital has bid farewell to Evergreen Consultants' founder Angela Ashton, shortly after acquiring the consulting firm last year.

Powerhouse Ventures partners with European fund manager

KARREN VERGARA | 12:10PM

ASX-listed Powerhouse Ventures has partnered with an unnamed European fund manager that will commit US$50 million to its fledgling Critical Infrastructure Opportunities (CIO) Fund.

KeyInvest unveils new investment platform, awards mandate

MATTHEW WAI | 12:28PM

KeyInvest has launched a new investment platform to include a plethora of investment strategies ranging from private credit to global equities.

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