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Financial Planning

Legal threats loom over poor SMSF advice

ELISE BURGESS  |  FRIDAY, 23 SEP 2011
Some financial advisers and accountants that call themselves 'SMSF specialists' are ill-equipped to adequately advise on running a self-managed super fund - making them prime targets for litigation and causing reputational damage to the SMSF sector.

Dealer groups compete for planners: survey

ELISE BURGESS  |  THURSDAY, 22 SEP 2011
Planners want freedom to run their own practice while dealer groups are on the attack trying to lure competitor's planners to their own ranks, according to an industry survey, which also rated planner opinions on the handling of reforms.

US adviser fiduciary rule stalls

ALEX DUNNIN  |  THURSDAY, 22 SEP 2011
Concerns that the US Department of Labor's new definition of fiduciary duty for financial advisers is too demanding has prompted the retirement savings regulator to re-initiate industry discussions, a process that some believe may take up to two years.

ISN submission targets advice requirement

ELISE BURGESS  |  TUESDAY, 20 SEP 2011
A FOFA reforms submission from the Industry Super Network to Treasury has called for stronger legal requirements around financial advice and better consumer protection.

netwealth aims to plug gaps in planner needs

MATT WOODINGTON  |  MONDAY, 19 SEP 2011
Independent platform provider netwealth has launched a new online service for advisers providing more efficient back office capabilities to help cater for the requirements of the Future of Financial Advice reforms.

Future2 cyclists cross the finish line

RACHEL DAVIS  |  FRIDAY, 16 SEP 2011
Future2 trustees and fellow cyclists will arrive in Sydney's Martin Place this afternoon, where The Lord Mayor Clover Moore will welcome them.

Inactive clients trouble planning industry

ELISE BURGESS  |  FRIDAY, 16 SEP 2011
Financial planning firms can have up to five times as many inactive clients as active ones, although the unexpected impact of opt-in may change that, according to new research.

Rice Warner clarifies $11 estimate

ELISE BURGESS  |  THURSDAY, 15 SEP 2011
Rice Warner has moved to clear industry confusion by clarifying the analysis process used to estimate the $11 price tag on opt-in, in a submission to Minister Financial Services and Superannuation, Bill Shorten.

Beulah seizes post-FOFA opportunity

ELISE BURGESS  |  WEDNESDAY, 14 SEP 2011
Boutique asset management firm, Beulah Capital, has identified post reform advantages and launched its Takeover Target Managed Account to capitalise on takeovers, mergers and acquisitions by companies across a range of industries.

Planning software's big five rated

ELISE BURGESS  |  TUESDAY, 13 SEP 2011
The Investment Trends 2011 Planner Technology Report, which surveyed over 1,396 financial planners in July this year, found an overall improvement in satisfaction with planning software with 52% rating their software 'good' or 'very good'.