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Showing 1 - 10 of 213 results for "Advice fees"

FAAA pushes for 'fundamental' changes to CSLR

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
... fact-find, develop strategies and prepare a Statement of Advice. Further, it "strongly opposes" any ban or limitation on advice fees being paid from super accounts for switching advice. "There is no basis for such an intervention in the market, and this ...

Advisers reprimanded over fee-for-no-service conduct

MATTHEW WAI  |  WEDNESDAY, 22 APR 2026
... year after the service agreement ended. The adviser was handed a reprimand for charging a client ongoing financial advice fees without providing the services paid for during and after the end of the agreement, the FSCP said. The charging continued for ...

FSC ups expectations on platform trustees' governance

JAMIE WILLIAMSON  |  THURSDAY, 16 APR 2026
... was actually provided, while also collecting evidence from the adviser and their licensee. It must also switch off advice fees while these investigations are ongoing. Finally, where a member is unadvised, trustees must put in place protective measures ...

Treasury proposes lead generator, super switching reforms

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... switching advice was provided at scale, facilitated by the availability of superannuation balances as a funding source for advice fees," Treasury said, adding that advice fee deductions also create risks for members by creating a pool of funds which ...

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 ...
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