Page 2 - Simon Hoyle News Today

The teetering diamond miner Alexkor might be a lesser known victim of State Capture, but evidence before the State Capture commission suggests Gupta family associates not only had an interest in the company’s diamond sales, they also had grand plans to use a repurposed Alexkor for their own c...

Simon Hoyle is an independent financial advisor recruiter He helps advisors' practices and clients maximize their net. He is responsible for consulting with financial advisors with a broad range of focuses, bringing them to a better place while revealing unknown broker dealer and RIA benefits in the marketplace. Also, Simon provides valuable insight and metrics to buying and selling financial practices, including the why and how of remote client opportunities.

If a career in financial services doesn’t work out for Paul Barrett then he could seemingly make a decent living as a chippie: he’s hit the nail on the head with his recent column about the affordability of financial advice. Barrett argues that life, and finance, are complex and therefore financial advice is complex and has a price tag to reflect this. Rather than looking for ways to reduce the price of advice, the industry should revel in the complexity of the issues it solves for its clie...

They eschew publicity and don't want to become "another voice" representing advisers, but this group of licensee notables is meeting regularly to not only discuss the challenges before them, but see if they can figure out a few solutions.

Familiarity breeds contempt or, at least as far as financial advisers are concerned, familiarity breeds dissatisfaction. The longer an adviser has been authorised by a licensee, the less satisfied the adviser is likely to be with that licensee, across a range of measures. At first glance this might seem a counter-intuitive result. If an adviser is dissatisfied with a licensee the more likely you might think they’d be to switch to a new one. But it seems that advisers are happy to stick with a...

Wall Street licence exemption a double-edged sword Removing barriers to entry for global wealth managers could put downward pressure on investor fees, but undo hard-earned lifts in the quality of financial advice. Share A few years before the Hayne royal commission, a hot-shot wealth manager in a high-rise Manhattan boardroom was asked what it would take for him to bring his firm Down Under. “Those big banks of yours would need to make some space,” the Ivy-leaguer replied, demonstrating a s...

Among the standout findings from Coredata's 2021 Licensee Research is that advisers at 'top tier' licensees are around 40 per cent less satisfied with their licensee leaders than those at 'medium' and 'large' licensees.

It turns out that stockbrokers might not be as bad at ethics and incompetent at basic financial advice as they would have us believe. Claimed exam failure rates of as high as 100 per cent have been challenged, with suggestions the actual stockbroker failure rate is closer to around 15 per cent across all exam sittings to date. That puts them on a par with the financial advice industry more generally. Stockbrokers who are named on the ASIC financial adviser register are required, like all financ...

In a series of columns for Professional Planner, the AZ NGA CEO highlights the importance of practice wage bills as an indicator of value, the beauty of curves and what the data really means. “Wages are a proxy for size and at the smaller end of the scale, businesses struggle to leverage their fixed cost base effectively,” he says. Simon Hoyle, CoreData head of market insights Not only does financial advice have clear, measurable value for consumers both young and old, rich or poor, but a ...