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.
Brace yourself, super licensees are coming - Professional Planner
WEB1 day 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 ...
Oaktree deal values Barrett’s AZ NGA at $700m
WEB1 day 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.
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.
Investment - Professional Planner
WEBSep 12, 2024 · Vanguard Australia has been fined $12.9 million for making misleading claims about the ESG screening for its Ethically Conscious Global Aggregate Bond fund. The judge in a case brought by ASIC noted that almost three-quarters of the securities in the fund by market value had not been researched or screened against ESG criteria.
The price is right: Advisers reveal how they calculate fees
WEBMar 11, 2024 · A survey of the 60-odd financial planners who attended the Boutique Financial Planners conference held in Hobart last week revealed that one of the most important challenges they faced was pricing and value proposition. So, the topic was thrown open to conference delegates to discuss. Advisers consider the costs involved in …
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 ...
Advice is about more than just money - Professional Planner
WEBOct 17, 2023 · An imminent transfer of wealth. An AUSIEX report released in July suggested financial advisers should brace for the imminent transfer of wealth as the first Baby Boomers approach their statistical age of death (81.3 years for males and 85.4 years for females, according to Australian Bureau of Statistics).. Glazier said that advisers can take on a more significant role than they currently do.
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.
Professionalism: Be careful what you wish for
WEBJun 7, 2021 · Professionalism: Be careful what you wish for. The advice industry should consider the unintended consequences that might arise if it becomes a recognised profession according to Hon. Justice Sarah Derrington, federal court judge and President of the Australian Law Reform Commission. Speaking to …