Professional Planner | Inspiring Advice
WEBSep 24, 2024 · A little-known administrative hurdle is prohibiting tens of thousands of poorer Australians from accessing account-based pensions via the country's biggest super funds. Aleks Vickovich writes this seemingly widespread practice is shameful and threatens the grand bargain underlying compulsory super. Aleks Vickovich September 19, 2024.
Oaktree deal values Barrett’s AZ NGA at $700m
WEB2 days ago · Famed US investor Oaktree Capital has committed $240 million in capital to AZ NGA, the advice and accounting aggregation network started a decade ago by Paul Barrett. The capital injection will allow some existing shareholders to sell down and propel further growth, but Barrett says the deal is also an endorsement of Australia’s advice sector.
Lack of informed client consent for AI creates code conundrum
WEB1 day ago · Lack of informed client consent for AI creates code conundrum. Gaining informed consent from clients when using AI in the advice process is essential, and advisers could risk a breach of the Code of Ethics if they don’t, a compliance expert has argued. Standard 4 of the code says “you may act for a client only with the client’s free ...
Brace yourself, super licensees are coming - Professional Planner
WEB2 days ago · It encompasses myriad factors, including compelling employee, client and shareholder propositions, a defined enterprise architecture, and a healthy culture. By that definition, firms of every size can, and should, be super. Interestingly, they do tend to be on the large side. Licensees should be super too. That’s because operating a ...
‘An important step forward’: ATO determination recognises advice …
WEB6 days ago · Tangelo Advice Consulting had been working on behalf the associations for five years on the project which finally led to an ATO consultation in late 2022.. Tangelo principal consultant Conrad Travers tells Professional Planner that the determination strengthens the view that financial advice is a profession and so it …
When articulating value results in referrals - Professional Planner
WEB2 days ago · One of the biggest lessons learned in advice for Merideon Wealth Strategies managing director Mark Rattigan has been that articulating value to clients will mitigate any concerns about the cost of advice – so much so that justifying fee rises inadvertently boosted referrals because clients better understood the …
About Us - Professional Planner
WEBProfessional Planner is the leading publication for financial planners who are committed to raising the industry’s standards of behaviour and competence while striving to achieve professional status. As the industry moves towards adopting professional standards, spearheaded by the Financial Adviser Standards and Ethics Authority, Professional ...
The 500k gap between the best and the average
WEBResearch by Iress has identified a $550,000 profit margin gap between the “average” and the “best” advice practices. The Advice 2030: The Big Shift report, published in collaboration with Deloitte, found “high performing” businesses have a 15 percentage point higher profit margin than the “average” practice, which equates to $549,646 more annual profit.
Professional Education - Professional Planner
WEBShape of Advice podcast series. This new podcast series, created and produced by Professional Planner, is a conversational-style exploration of the advice landscape that draws on industry thought-leaders, experts and practitioners who are forging ahead with new partnerships, augmenting business models and adapting to new technologies. Enter.
PY pros outweigh the cons, but small firms still hesitant to absorb ...
WEBOct 6, 2023 · Australia’s 15,709 financial advisers welcomed 144 new recruits to the industry since July, according to latest Wealth Data. But some small firms remain hesitant to bear the cost of hosting a professional year (PY) adviser, who must work 1600 hours and receive at least 100 hours of structured training, before they are accredited.