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Showing 51 - 60 of 297 results for "Advice firms"

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
... leading the pack. Modelling of the AFCA data shows that AMP Financial Planning received the most complaints among the advice firms with 81 filed between July 2021 and December 2022. Isolating the high volume of financial advice-related complaints for ...

Pascoe Partners, OpenInvest launch online investing solution

CASSANDRA BALDINI  |  WEDNESDAY, 14 JUN 2023
... $3.5 trillion of wealth passing through the generations over the next two decades, progressive wealth management and advice firms are acting now to reach and help the children of their clients. "Our experience is that the adult children of our clients ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... applies to all relevant providers (qualified advisers) who provide personal advice and Non-Relevant Providers such as advice firms or financial institutions. Design and Distribution Obligations (Recommendations 12.1 and 12.2) will be reworked to "limit ...

Advice practice valuations rise: Radar Results

KARREN VERGARA  |  FRIDAY, 9 JUN 2023
Valuations for financial advice firms have increased in the year to June, defying expectations that inflation and wider economic conditions would dampen demand and prices. The findings are based on Radar Results' latest data, which saw a 6% to 11% increase ...

Finfluencers bridge financial advice gap

KARREN VERGARA  |  THURSDAY, 18 MAY 2023
... illiterate and disengaged Australians in a way that traditional advice has failed to. Finfluencers backed by established advice firms could be the antidote to the crippling advice gap, which according to Investment Trends affects 12.4 million Australians ...

Sales-oriented fear stunts expansion goals: Survey

KARREN VERGARA  |  FRIDAY, 12 MAY 2023
... financial advisers," Janus Henderson head of specialist consulting group Matt Sommer said. The majority (84%) of advice firms with assets under advice exceeding $500 million strongly agreed that having a team contributes to the growth of their business. ...

Budget cuts advisers' power bills, admin burden

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... deduction. Some $310 million in tax relief is set to help SMEs with an annual turnover of less than $50 million. Advice firms can either invest in eligible assets that are ultimately energy efficient or upgrade existing ones. Assets that support electrification ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... legislation was introduced. Earlier this year, the Australian Institute of Superannuation Trustees (AIST) called out advice firms that use third parties to solicit business through cold calling. Unsolicited calls to consumers about superannuation advice ...

Digitisation, personalisation key for advice firms: BlackRock

CHLOE WALKER  |  WEDNESDAY, 3 MAY 2023
In an exclusive interview with Financial Standard, BlackRock US wealth advisory group director Jim Renitsky said digitisation and personalisation at scale have become key differentiation points for adviser businesses. Reflecting on trends seen in the ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... combined compensation amounts to $692 million. An overwhelming number of complaints relate to 19 insolvent financial advice firms registering 1972 complaints allegedly owing $375.4 million. Two defunct foreign exchange dealers received 1162 complaints ...