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Financial Planning

AFA appoints chief commercial officer

LAURA MILLAN  |  TUESDAY, 12 AUG 2014
The Association of Financial Advisers has created the role of chief commercial officer, a position responsible for the association's commercial relationships with stakeholders and consumer campaigns.

Do not take adviser loyalty for granted: research

LAURA MILLAN  |  TUESDAY, 12 AUG 2014
Platform providers should not take financial adviser's loyalty for granted, as new research shows that planners are exercising choice when it comes to platforms.

Planners unite to create innovation platform

LAURA MILLAN  |  TUESDAY, 12 AUG 2014
A group of financial planners and financial services entrepreneurs have united to create an online hub to provide solutions to advice businesses.

CBA appoints international experts to oversee advice program

LAURA MILLAN  |  MONDAY, 11 AUG 2014
Jeff Carmichael's Promontory Financial Group has been appointed independent expert for the Commonwealth Bank's (CBA) Open Advice Review program.

Digital advice to jumpstart $5.6 trillion land grab

MICHELLE BALTAZAR  |  MONDAY, 11 AUG 2014
The next big wave of advice will come from a business model that is gaining traction overseas, but is yet to be fully embraced in Australia. For the early adopters, it could be the foundation of a sustainable and exciting growth for their practices.

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
Commonwealth Bank (CBA) has revealed the details of the new licensing conditions for its financial planning businesses after the original process to compensate victims of poor advice was found to be inconsistent.

General advice is not advice: Rantall

JAMES FERNYHOUGH  |  FRIDAY, 8 AUG 2014
The term 'general advice' is misleading to consumers, and would be more appropriately labeled 'product sales', Financial Planning Association chief executive Mark Rantall has said.

ASIC cracks down on advisers over PI insurance

LAURA MILLAN  |  THURSDAY, 7 AUG 2014
The Australian Securities and Investments Commission (ASIC) has cancelled seven Australian financial services (AFS) licenses that did not comply with professional indemnity (PI) insurance obligations.

Planning industry on brink of golden era

MARK SMITH  |  THURSDAY, 7 AUG 2014
The financial planning industry is on the verge of a golden era, but it must do everything it can to be seen as a fully-fledged profession, according to AMP executive director of financial planning Steve Helmich.

Clients prefer good reputation, knowledge over low fees

LAURA MILLAN  |  WEDNESDAY, 6 AUG 2014
Clients consider the financial adviser's good reputation and knowledge and expertise to be more important than low fees or even independence from large financial institutions.