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Financial Planning

Platforms hold sway over fund access

MARK SMITH  |  THURSDAY, 30 MAY 2013
The lack of available funds on platforms, as well as the difficulty in being included, mean unlisted property funds remain only on the fringes of mainstream investment, a Property Investment Research (PIR) panel discussion has concluded.

Adviser "enshrinement" bill passes through lower house

ALICE URIBE  |  WEDNESDAY, 29 MAY 2013
The House of Representatives has passed the Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013 with amendments which enshrine the terms 'financial adviser' and 'financial planner' in law.

Planners must advise people, not portfolios

LAURA MILLAN  |  TUESDAY, 28 MAY 2013
Financial planners need to focus on their soft skills to address clients' problems, as they keep in mind that they servicing not just portfolios, but people, trusted advisers say in new research.

Deposits from adviser market boost ME Bank deposits

MARK SMITH  |  TUESDAY, 28 MAY 2013
Deposits from the adviser market have contributed to significant growth in customer deposits with ME Bank.

Direct insurance races for advised market share

LAURA MILLAN  |  MONDAY, 27 MAY 2013
Direct insurance is already having an impact on the advisory market share, with direct companies offering similar products at a lower cost.

Planning software not ready for FoFA opt-in hurdle

MARK SMITH  |  MONDAY, 27 MAY 2013
More than a third of financial advisers say they do not yet have software which they believe can adequately manage their opt-in requirements, according to a recently published Midwinter Financial Services survey.

MFAA offers new SMSF training programs

JAMES FERNYHOUGH  |  MONDAY, 27 MAY 2013
The Mortgage & Finance Association of Australia (MFAA) will launch three new self-managed superannuation fund (SMSF) training programs for credit advisers.

Paragem FUA reaches $1.9bn after new mergers

LAURA MILLAN  |  FRIDAY, 24 MAY 2013
Paragem Australian Financial Services Licence (AFSL)'s funds under advice (FUA) has reached $1.9 billion after three practices joined the group between May and June 2013.

netwealth's advice group moves advice ops

ALICE URIBE  |  THURSDAY, 23 MAY 2013
Wealth management group netwealth's advice group has moved its operations on the back of an announcement earlier this month that the wider netwealth group's funds under management had hit the $4 billion mark.

Planner and investor concern hits three-year low

MARK SMITH  |  THURSDAY, 23 MAY 2013
A drop in investor concern to its lowest level during any point in the global financial crisis (GFC) has prompted a wave of investment into managed funds, according to a new survey from Investment Trends.