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Financial Planning

Accountants cautious to enter advice space

LAURA MILLAN  |  TUESDAY, 26 NOV 2013
Accountants are entering the advice space in very limited numbers and almost six months after the accountant exemption ended, only 31 have applied for a limited Australian financial services licence (AFSL).

Advisers still servicing few wealthy clients

LAURA MILLAN  |  MONDAY, 25 NOV 2013
Financial advisers are still servicing very few and very wealthy clients, despite the Future of Financial Advice (FoFA) reform's objective of bringing advice to more Australians.

Advisers should review aged care strategies ahead of reform

AAP  |  MONDAY, 25 NOV 2013
Financial advisers are encouraged to review their clients' aged care strategies ahead of the July 1, 2014 reforms to ensure that the approach taken maximises cash flow and capital preservation.

Accountants tap into advice with tech advantage

LAURA MILLAN  |  FRIDAY, 22 NOV 2013
Australian accountants are the most tech aware in the world as they further move into the advice space via both limited and full licences.

FoFA boosts advice business valuation

LAURA MILLAN  |  THURSDAY, 21 NOV 2013
The valuations of advice businesses compliant with the Future of Financial Advice (FoFA) regulation have increased in Western Australia, Victoria and New South Wales.

Jenny Brown named FS Smileys Scholar of the Year

MARK SMITH  |  WEDNESDAY, 20 NOV 2013
JBS Financial Strategists' Jenny Brown has won this year's Financial Standard Social Media Influence, Leadership + Excellence (Smileys) Scholarship.

Bad estate planning advice is getting clients in trouble

LAURA MILLAN  |  TUESDAY, 19 NOV 2013
Accountants and financial planners could be causing problems for clients by giving them incorrect legal advice in estate planning.

Banned adviser spent client savings on sports car business

MARK SMITH  |  TUESDAY, 19 NOV 2013
The Australian Securities and Investment Commission (ASIC) has accepted an enforceable undertaking (EU) from Sydney financial adviser Gabriel Nakhl which permanently prevents him from providing financial services after he used clients' cash on his sports ...

CBA follows ASIC's lead in Senate submission

LAURA MILLAN  |  MONDAY, 18 NOV 2013
Commonwealth Bank (CBA) has followed the lead of the Australian Securities and Investments Commission (ASIC) and is asking for a detailed public register of financial advisers in a submission to the Senate inquiry on the regulator's performance.

Investec launches banking products for advisers

LAURA MILLAN  |  MONDAY, 18 NOV 2013
Investec Australia is tapping into the financial planning sector with the launch of a personal banking offering for advisers.