Ex-bankers choose boutique licensees | Money Management
Former bank-licensed advisers have opted to move to privately-owned licensees, with a preference for boutiques, according to Adviser Ratings.
Source: moneymanagement.com.au
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Advice firms need to turn attention to growing scale
Building scale will allow advice businesses to be in a stronger position to manage costs, meet their compliance obligations and keep fees steady than a small practice, according to Fortnum Private Wealth.
Source: moneymanagement.com.au
Strategic advice in line to be next regulatory target
Fortnum CEO Neil Younger The intense regulatory focus on life insurance advice may appear disproportionate to activity, given 84 per cent of financial advisers spend the majority of their time providing strategic advice on superannuation, investments and other non-insurance-related matters according to Investment Trends. As such, the regulator’s focus may soon shift to strategic investment advice. This is likely to coincide with the inevitable end of Australia’s near three-decade record run of economic prosperity. Advisers should prepare for hard questions about their approach to managing...
Source: professionalplanner.com.au