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Financial Planning

Gloomy outlook forces Crowe Horwath to trim business

LAURA MILLAN  |  THURSDAY, 12 DEC 2013
Crowe Horwath is expecting revenue to go down in the first half of financial year 2014 and has decided to eliminate "business distractions."

One-stop-shop firms surge to gain scale against big instos

LAURA MILLAN  |  THURSDAY, 12 DEC 2013
The number of partnerships and mergers between financial planning and accountancy firms is increasing as independent businesses brace to gain scale against the big institutionally-aligned groups.

Advisers risk losing clients, fail to target new ones

LAURA MILLAN  |  TUESDAY, 10 DEC 2013
Financial planners are at risk of losing their current clients and are failing to see that, contrary to general perceptions, advice seekers are likely to be female, baby boomers and from less wealthy segments.

AFA to train young advisers on soft skills

LAURA MILLAN  |  MONDAY, 9 DEC 2013
The Association of Financial Advisers (AFA) will be focusing on helping advisers develop emotional intelligence and soft skills in its GenXt Roadshow for 2014.

FPA to lobby against FoFA redundancy

LAURA MILLAN  |  THURSDAY, 5 DEC 2013
The Financial Planning Association (FPA) will lobby to take the opt-in requirement and other redundancies out of the Future of Financial Advice (FoFA) reforms as soon as the government issues its proposal to amend the legislation.

FPA expects TASA to require "massive" efforts

LAURA MILLAN  |  WEDNESDAY, 4 DEC 2013
The Financial Planning Association (FPA) expects the advice industry and the Tax Practitioners Board (TPB) to go through "a massive matching process" to determine competency requirements for advisers under the Tax Agent Services Act (TASA).

Planners lax on capital protected product advice: ASIC

JAMES FERNYHOUGH  |  WEDNESDAY, 4 DEC 2013
Many financial advisers have not made sufficient enquiries into their clients' financial circumstances when advising on capital protected products, the Australian Securities and Investments Commission (ASIC) has found.

Financial execs have poor ethics, little regulatory knowledge

LAURA MILLAN  |  TUESDAY, 3 DEC 2013
Most financial service executives admit that career progression is difficult without "flexible" ethical standards and only 12% are confident in their knowledge of the regulatory environment, a CFA Institute research found.

Bankrupt adviser gets nine month ban

STAFF WRITER  |  TUESDAY, 3 DEC 2013
The Australian Securities and Investments Commission (ASIC) has banned a Queensland-based financial adviser from providing financial services after becoming an undischarged bankrupt.

YBR to service corporate super group clients

LAURA MILLAN  |  MONDAY, 2 DEC 2013
Yellow Brick Road (YBR) will provide services to Super Advice Services' client base, a corporate superannuation and insurance provider serving over 50,000 employees in Australia and New Zealand.