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Financial Planning

Former AFA president mourned

RACHEL DAVIS  |  TUESDAY, 12 JUN 2012
Former Association of Financial Advisers president and former South Australian state director, Michael Murphy, has died at the age of 66, after a six year battle with cancer.

AFA opens Adviser of the Year nominations

LINDA HAUSKEN  |  FRIDAY, 8 JUN 2012
The Association of Financial Advisers, in partnership with Zurich, has opened nominations for the 2012 AFA Adviser of the Year Award.

MLC model shows social benefit of Budget

MELANIE TIMBRELL  |  TUESDAY, 5 JUN 2012
Impending tax and superannuation changes will benefit the majority of Australian workers, according to MLC, which has conducted modelling showing the impact on a range of salary brackets.

Advice frameworks need an overhaul

MELANIE TIMBRELL  |  FRIDAY, 1 JUN 2012
Traditional risk profiling is failing to meet client needs, according to actuarial and consulting firm Milliman Australia, which has found advice and product development should instead be driven by individual investor objectives.

Advisers expect up to 30pc profit growth

LINDA HAUSKEN  |  THURSDAY, 31 MAY 2012
Advisers expect profits to climb up to 30% in the next financial year, with optimism growing despite regulatory change and economic challenges, according to Macquarie Practice Consulting.

BT: Focus on Count disproportionate

MELANIE TIMBRELL  |  WEDNESDAY, 30 MAY 2012
The focus on Count practices that have moved to BT ignores larger market issues, according to BT Financial's Mark Spiers, which in the last 12 months have prompted a total of 34 practices to shift to BT dealer groups.

Clear advice models to engage clients

LINDA HAUSKEN  |  THURSDAY, 24 MAY 2012
Advisers need to define their value proposition and focus on delivering strategic advice that clients understand the value of, according to Vanguard.

AFA and TAL launch Female Excellence in Advice Award

LINDA HAUSKEN  |  THURSDAY, 24 MAY 2012
In an effort to celebrate women in advice leadership roles, TAL in conjunction with the Association of Financial Advisers has launched the second Female Excellence in Advice Award.

Sign on fees creating dealer group controversy

MELANIE TIMBRELL  |  THURSDAY, 24 MAY 2012
Selected sign on payments create a culture of haves and have-nots, according to Count chief David Lane, responding to rumours of fees in excess of $500,000 being paid to some adviser practices by other dealer groups.

Mercer builds adviser reach

MELANIE TIMBRELL  |  TUESDAY, 22 MAY 2012
Mercer has increased its adviser reach following ANZ's appointment of the provider to its Australian Wealth and Private Banking businesses.