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Financial Planning

Adviser sentenced to 8yrs imprisonment

ELISE BURGESS  |  FRIDAY, 29 OCT 2010
A former financial adviser receives a jail sentence after pleading guilty to 13 fraud charges following an ASIC investigation.

Infocus planner banned by ASIC

ASIC RELEASE  |  WEDNESDAY, 27 OCT 2010
ASIC has banned Infocus planner David Radovan, of Western Australia, from providing financial services for five years after an investigation revealed concerns with the appropriateness of his advice to retail clients.

Fox elected AFA president

MICHELLE BALTAZAR  |  WEDNESDAY, 27 OCT 2010
Brad Fox is the AFA's newly-elected national president, taking over a two-year term alongside new vice president Adam Smith.

SOA too much, too confusing

ALEX DUNNIN  |  WEDNESDAY, 27 OCT 2010
Many Statements of Advice prepared by financial advisers contain too much irrelevant information that just adds to their preparation costs and bewilders their clients all while providing no extra compliance protection.

INQ buys HUB24 for $20 million

MEDIA RELEASE  |  TUESDAY, 26 OCT 2010
Boutique stockbroker Investorfirst has acquired unified managed account (UMA) provider HUB24 in a scrip-for scrip deal worth $20 million.

AFA promotes female advisers

MICHELLE BALTAZAR  |  TUESDAY, 26 OCT 2010
The Association of Financial Advisers (AFA) is addressing gender diversity in financial planning by launching an award dedicated to outstanding female financial advisers.

Australians willing to pay just $300 for advice

RUTH LIEW  |  TUESDAY, 26 OCT 2010
The average Australian believes financial advice should cost just $300 upfront - almost 10 times less what planners say is the break-even cost of providing full advice, and a figure planners are calling "completely unrealistic".

Advisers of tomorrow are 'choice architects'

ALEX DUNNIN  |  TUESDAY, 26 OCT 2010
Consumers are frightened of the future and if advisers speak to them as a navigator or designer, they will recognise the value of what advisers do.

AFA pledges support for advice campaign

MICHELLE BALTAZAR  |  MONDAY, 25 OCT 2010
The Association of Financial Advisers (AFA) is calling on its members and supporters to raise $500,000 by the end of the conference to fund a campaign designed to highlight the benefits of good financial advice.

Advisers must fight for the future, not the past: AFA

ALEX DUNNIN  |  MONDAY, 25 OCT 2010
The fight over commissions on investment products and superannuation is over. Advisers must stop debating over them and switch their focus to influencing their future.