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Financial Planning

DKN suffers drop in platform flows

MATT WOODINGTON  |  MONDAY, 1 AUG 2011
DKN Financial Group will announce an 8% annual rise in funds under advice but a 40% drop in platform inflows and an overall company loss of $14 million for the year to June 2011.

State winners named in AFA excellence awards

ELISE BURGESS  |  MONDAY, 1 AUG 2011
Six state winners have been announced in the Association of Financial Advisers (AFA) Excellence in Education Awards, with the national winner to be announced in October.

Planners unprepared for second stage clients

ELISE BURGESS  |  MONDAY, 1 AUG 2011
Equity Trustees is preparing to acquire two niche aged care planning practices to target a new emerging class of clients, something it said the planning industry is not ready for.

ASIC looks to reshape retail advice

ELISE BURGESS  |  FRIDAY, 29 JUL 2011
Client preference for scalable advice rather than a holistic approach has lead the Australian Securities and Investments Commission to propose a replacement regulatory guide.

Adviser fee structures hit the spotlight

ALISON BEVEGE  |  THURSDAY, 28 JUL 2011
Fee structures for financial advisers was a hot topic at a national roadshow in Sydney yesterday with revelations that asset-based fees could not be charged on geared clients.

Industry uncertainty limits MDAs

ELISE BURGESS  |  THURSDAY, 28 JUL 2011
Lack of compliance understanding and industry-wide consensus is hindering advisers from using managed discretionary accounts to their full potential, but new reforms may soon push them into the spotlight, said Institute of Managed Accounts Providers.

Coaching tips invigorate adviser roadshow

ALISON BEVEGE  |  WEDNESDAY, 27 JUL 2011
Financial advisers were treated to a magical list, staff empowerment and "I've got the cookie" in a memorable coaching session on how to build an award-winning business at the Association of Financial Advisers national roadshow in Sydney today.

ANZ restructure gathers pace with new planning head

MATT WOODINGTON  |  TUESDAY, 26 JUL 2011
ANZ Wealth has promoted Luke Symons to head of financial planning and brought in former Colonial First State head of strategy and planning Greg Hansen, as Paul Barrett's advice and distribution restructure continues to take shape.

Planners remain wary of switching cash to equities

MATT WOODINGTON  |  MONDAY, 25 JUL 2011
Financial advisers remain tentative on the outlook for equity markets although more than half surveyed by Zurich are thinking about reducing the amount of cash in client portfolios.

Advisers expect profits to climb 10pc despite FOFA

ELISE BURGESS  |  MONDAY, 25 JUL 2011
Advisers expect profits to climb by 10% in the next financial year with optimism within the industry at record high levels, despite talk of regulatory doom and gloom plaguing its future.