Education standards to exacerbate advice business sell-off smsfadviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smsfadviser.com Daily Mail and Mail on Sunday newspapers.
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.
The practice of enticing advisers with heavily discounted licensing fees is a short-term fix that does nothing to foster loyalty and community, FYG’s Peter Mancell says. The practice can also sow seeds of discontent among legacy advisers who pay higher rates.
ASIC barking up the wrong tree on scaled advice
ASIC barking up the wrong tree on scaled advice
The corporate watchdog is focusing on the wrong elements in its quest to lower the cost of advice and won’t succeed in its endeavours until record-keeping obligations on advisers are reduced, according to the head of a listed advice group.
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Easton Investments managing director Nathan Jacobsen told ifa while ASIC’s consultation on affordable advice was “a great opportunity” for the industry to have a voice around the regulatory framework, the focus on scaled advice as a starting point was flawed.
Paragem MD to head up listed advice group investordaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investordaily.com.au Daily Mail and Mail on Sunday newspapers.