Professional Planner

The stream of professional year advisers is growing since the regime was introduced six years ago, but it’s fallen short of earlier predictions from the now-defunct FASEA who proclaimed there was a pipeline of thousands of students studying approved degrees. Colin Williams Wealth Data #research #industry #professionalyear #FASEA #financialadvisers #financialplanning #financialservices

While there is pressure to expand the number of clients due to a shortage of advisers and the need for more Australians to get advice, an increased book size might not work for every practice. There’s no magic number of clients as some advisers can utilise technology to manage over 300 clients but others are best serving fewer but charge higher fees. Brent Kelly Charlie Viola Kim Siauw Rod Bertino Sam Ryma #onpractice #advice #financialadvisers #financialplanning #financialservices

Formula 1 has remained the pinnacle of motor racing, despite ongoing criticisms of overcompliance and regulatory change. Reflecting on a keynote from FAAA Congress last year, Chris Dastoor writes how – just as the most successful F1 teams have adapted to change – so have the best financial advice practices. #opinion #f1 #faaa #regulation #compliance #financialadvisers #financialplanning #financialservices

To maintain a book of the right type of clients, it’s important for advisers to make sure their marketing attracts the appropriate demographics and utilises the right medium to reach potential leads. Karen Eley Haissam Aoun Sue Viskovic #marketing #onpractice #advertising #financialadvisers #financialplanning #financialservices

Not only do companies need to provide a safe working environment for staff, but they also must be mindful of the psychological hazard presented by unreasonable clients, writes AZ-owned Catalina Consultants’ Merilyn Speiser. And this is a potential risk employers now have a legal duty to manage, under Australia’s bulked up Work Health and Safety Act. #opinion #HR #financialadvisers #financialplanning #financialservices

Researcher Morningstar believes a recent spate of takeover offers for Insignia Financial by private equity investors proves the embattled wealth giant has been undervalued by the market. The bids come as offshore interest in Australia’s wealth sector continues to grow. Morningstar Insignia Financial Shaun Ler, CPA Stephen Prendeville #insignia #privateequity #financialadvisers #financialplanning #financialservices

It’s difficult to know what challenge or opportunity lies around the next corner, but a small sample of advisers predict the four key areas that will impact professionals this year are managing client expectations for investments, legislative changes, staff movements and artificial intelligence. #adviserpredictions #advice #legislation #ai #financialadvisers #financialplanning #financialservices

Recruiters are finding the toughest roles in financial advice to fill are at the upper and lower ends of the spectrum. The most experienced advisers are often self-employed, while client services personnel are looking for the next step up rather than a horizontal move. Christopher Gordon Olivia O'Neill Dugald B. Madeleine Martin #recruitment #financialadvisers #financialplanning #financialservices

Insignia Financial has received another non-binding bid from a US-based private equity firm – this time by CC Capital – for a $2.9 billion deal topping the previously rejected Bain Capital offer. The lucrative offer gives a near 40 per cent premium to the company’s share price before Bain’s offer in December. #insignia #cccapital #indicativeproposal #financialadvisers #financialplanning #financialservices

The government’s Delivering Better Financial Outcomes reforms, Insignia’s leadership transition – and the end of the era for institutional ownership of advice licensees – the Compensation Scheme of Last Resort, and troubles with industry fund Cbus dominated the most popular stories published by Professional Planner this year. #financialservices #financialadvisers #financialplanning