Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 43 results for %22Advice Efficiency Survey%22

High-performing firms reveal strategies behind success

KARREN VERGARA  |  FRIDAY, 27 OCT 2023
The success behind high-performing financial advice firms is largely driven by their ability to operate strategically with discipline and help advisers focus on servicing clients' needs, a new analysis shows. A study by Macquarie Business Banking and ...

Advice firm revenues jump 45%

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... found average revenue jumped from $1.1 million in 2021 to $1.6 million this year. According to the Financial advice efficiency report, advisers are doing more with less as increased efficiencies are helping drive profitability. Two years ago, the average ...

Advice firms to spend $70k more on technology: Report

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... compliance burden to be the biggest challenge facing advisers today, while 41% cited the ability to provide affordable advice and 40% said regulatory change. To overcome these challenges, advisers are adopting more technology solutions within their businesses ...

Popularity soars for managed accounts

CHLOE WALKER  |  TUESDAY, 22 MAR 2022
... used across multiple clients, instead of having to manage individual investment portfolios, advisers can streamline their advice and investment management processes. With the report underlining the efficiency of managed funds with the total time savings ...

New study finds advisers optimistic about growth

CHLOE WALKER  |  FRIDAY, 19 NOV 2021
Iress' inaugural Advice Efficiency Survey reveals that more than 70% of advice practices forecast growth over the next three years. The survey, commissioned by Iress alongside practice development consultancy Business Health, conducted the research ...

Advisers laud Xplan software

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
... finds. Iress' Xplan took out the nod for its comprehensive functionality, compliance technology and ability to support advice firms of all sizes, according to the 2020 Advice Technology Benchmark Report. Morningstar's AdviserLogic won the best ...

Praemium improves on-boarding

KARREN VERGARA  |  WEDNESDAY, 18 NOV 2020
... means the double entry of client information has been removed, and the time it takes advisers to complete a Statement of Advice and application form have been reduced. Praemium chief commercial officer Mat Walker commented: "Praemium is continually looking ...

Clients value advice during pandemic

KARREN VERGARA  |  TUESDAY, 25 AUG 2020
... were facing, including meeting compliance obligations, which is a bugbear for the majority (67%), and providing affordable advice, which almost half of advisers struggle with (46%). The advice practices that were able to rise above these challenges and ...

Advisers switch platforms amid pandemic

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... demonstrating there is still room for improvement. Nonetheless, the COVID-19 crisis has kick started a digital revolution in advice, transforming the way advisers communicate with their clients and accelerating their adoption of digital tools. "Since ...

Practice profitability at risk: MLC Life

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2019
... fee structures. As the complexity of a client's insurance needs increase, there is an increase in the cost of providing advice. For a simple policy with annual premiums of $1500, the upfront commission is already less than the cost to deliver advice. ...
PAGE:
1
PREVIOUS
NEXT