How can advice firms avoid an AFSL failure?
With 4.2 financial advice firms expected to fail per year, what type of problems can occur that could cause a licensee or micro-AFSL to go under?
Source: moneymanagement.com.au
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How personal events can lead to ethical breaches for advisers
Sleeping with a Professional Year candidate and borrowing money from clients are examples of real-life ethical breaches by financial advisers, according to a compliance expert, while a divorce may also be classed as a notifiable event.
Source: moneymanagement.com.au
Show me the evidence: Why comprehensively detailing the advice strategy matters
Improved regulatory requirements have significantly lifted the standard of Statements of Advice however there are still areas of improvement according to a pair of compliance experts – particularly ways advisers should be highlighting the evidence behind the advice process.
Source: professionalplanner.com.au