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Financial Planning

West takes east-coast planners

ALISON BEVEGE  |  WEDNESDAY, 27 APR 2011
West Australian wealth management firm Plan B has begun a friendly takeover of financial planning dealership My Adviser, opening the door to a large network of eastern state advisory businesses.

Clients want commissions - AFA

ELISE BURGESS  |  WEDNESDAY, 27 APR 2011
Financial planning clients want commissions to remain on life insurance products, according to research by the Association of Financial Advisers.

High net worth clients being under advised

ELISE BURGESS  |  THURSDAY, 21 APR 2011
Advisers are not doing enough to make the most of out their relationships with high net worth clients, according to a survey of 1,287 US investors, with tax strategies and estate planning the biggest gaps.

New SMSF course on offer

ALISON BEVEGE  |  THURSDAY, 21 APR 2011
Self-managed super fund service provider Cavendish Superannuation has teamed up with the University of Adelaide to offer a three-day course next month explaining the complex area of self-managed funds.

Accountants attack planners over naming rights

ALISON BEVEGE  |  THURSDAY, 21 APR 2011
An industry turf war has erupted after accountants said they want the Federal Government to dump adviser requests to restrict the term 'financial planner'.

MLC preps advisers for EOFY

ELISE BURGESS  |  WEDNESDAY, 20 APR 2011
Over 2,000 MLC advisers have already embraced MLC's end of financial year (EOFY) new online centre since it launched on Monday.

Adviser banned for life by ASIC

ASIC RELEASE  |  WEDNESDAY, 20 APR 2011
Former WealthSure financial adviser, Brian William Veitch, has been banned for life from providing financial advice following an investigation by the Australian Securities and Investments Commission (ASIC).

Russell commodities fund on hold

ALISON BEVEGE  |  WEDNESDAY, 20 APR 2011
The Russell Commodities Fund has been put on hold by ratings agency Standard and Poor's after they replaced managers Macquarie Funds Group with Jefferies Asset Management.

UK FSA fines false advice

MICHELLE BALTAZAR  |  TUESDAY, 19 APR 2011
The UK's Financial Services Authority (FSA) has slapped heavy fines against a building society and two financial planning firms for giving inappropriate product advice to their clients.

Advisers fear super fund competition

ALISON BEVEGE  |  TUESDAY, 19 APR 2011
Financial planners are worried that low-cost advice from superannuation funds will hurt their businesses in the future and say it is unfair competition as the fees are hidden.