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Financial Planning

Best interest to put focus on risk: Instreet

CLAIRE MCGREAL  |  FRIDAY, 10 FEB 2012
The contentious best interest clause in the FOFA legislation will place more of an onus on advisers to prove they are experts on the products they recommend to clients.

Advisers need to work on social media presence

MELANIE TIMBRELL  |  THURSDAY, 9 FEB 2012
Advisers should look closely at their objectives before determining which social media channels to use and how.

ipac Securities-owned firm expands with two acquisitions

ELISE BURGESS  |  THURSDAY, 9 FEB 2012
ipac securities-owned firm, TFS Financial Planning, has acquired two QLD financial planning firms in Atherton and Townsville as part of its QLD-expansion plans.

Adviser obligations need to be institutionalised: AFA

MELANIE TIMBRELL  |  WEDNESDAY, 8 FEB 2012
Educating industry professionals and the public in general is vital if the advice profession is to overcome the reputation damage caused by events such as the collapse of Storm Financial, according to the head of the AFA.

FOFA debate due after PJC report: Shorten

CLAIRE MCGREAL  |  MONDAY, 6 FEB 2012
Assistant Treasurer Bill Shorten has confirmed FOFA legislation won't be debated by MPs until after the Parliamentary Joint Committee has delivered its report and recommendations on the bill.

Adviser numbers to remain stable post FOFA: Rice Warner

CLAIRE MCGREAL  |  MONDAY, 6 FEB 2012
Adviser numbers are set to remain steady post FOFA, with average adviser income expected to rise to $260,000 per year by 2026, according to the latest research from Rice Warner.

Planners must return to strategy

ELISE BURGESS  |  MONDAY, 6 FEB 2012
Financial planners are acting more like investment advisers and product sellers instead of strategists as a result of rising requirement pressures, according to one adviser group managing director.

Retail advice industry needs new models

MELANIE TIMBRELL  |  WEDNESDAY, 1 FEB 2012
Super funds providing simple advice at a lower cost for clients is leaving advisers playing catch-up, according to an advice technology expert.

Ibbotson secures NEO Financial Solutions mandate

ELISE BURGESS  |  WEDNESDAY, 1 FEB 2012
Ibbotson Associates Australia has been appointed dedicated implemented investment consultant for NEO Financial Solutions, developing the group's advice processes and practice management.

Fiducian acquisition expands planning business

CLAIRE MCGREAL  |  MONDAY, 30 JAN 2012
Fiducian Financial Services has bought the retail financial planning arm of Victorian state owned business State Trustees, as part of plans to expand its adviser presence in Australia.