Phillip Tarrant’s Post

The 2 paths for licensees in implementing DBFO: With the Delivering Better Financial Outcomes legislation on the horizon next year, licensees need to decide whether they are going to take a hands-off approach or use it as an opportunity to pivot their business. https://bit.ly/47JQPLy

𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗶𝘀 𝗻𝗼 𝗹𝗼𝗻𝗴𝗲𝗿 𝗲𝗻𝗼𝘂𝗴𝗵. With the upcoming DBFO legislation, a compliance-only approach is no longer a viable option for licensees. Simply meeting the minimum standards may keep you legally compliant, but it won’t drive long-term success for your clients or your business. 𝗧𝗵𝗲 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻? 𝗦𝗵𝗶𝗳𝘁 𝘆𝗼𝘂𝗿 𝗳𝗼𝗰𝘂𝘀. Embrace these changes and leverage them to enhance your business model and client offerings. This is a strategic opportunity to use the evolving landscape for sustainable growth. 𝗡𝗼𝘄 𝗶𝘀 𝘁𝗵𝗲 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗿𝗲𝘁𝗵𝗶𝗻𝗸, 𝗮𝗱𝗮𝗽𝘁, 𝗮𝗻𝗱 𝘁𝗵𝗿𝗶𝘃𝗲. #FinancialPlanning #DBFO #BusinessStrategy #Compliance

In less than a decade the financial planning sector has been utterly changed resulting in 13,000 fewer advisers and no institutional dominance. https://lnkd.in/gzQqjtGP #amplimited #capstone #commonwealthbank #entireti #fiducian #fofa #paragem #viridian #wealthdata

With the Delivering Better Financial Outcomes legislation on the horizon next year, licensees need to decide whether they are going to take a hands-off approach or use it as an opportunity to pivot their business. https://lnkd.in/e7XKzfRN

Enhancing Professional Collaboration in Financial Services In today's complex financial landscape, collaboration among financial professionals is paramount. The convergence of expertise from CPAs, lawyers, and financial advisors enables comprehensive solutions to clients' multifaceted needs. Effective collaboration enhances problem-solving capabilities, improves financial literacy, and fosters greater client confidence. To overcome barriers to collaboration, financial professionals should engage in ongoing education, interdisciplinary meetings, cross-referral agreements, and adhere to established ethical guidelines. These strategies facilitate a seamless, integrated approach to financial planning, ensuring clients receive optimal, well-rounded advice. For further details, you can read the full article here. https://lnkd.in/dUcyurFk #ifrs #finance #accounting #accaglobal #cima #ia #business #ifrssustainability #iasb #ifac

Our latest research and predictions form the foundation of Money Management Australia’s look at how the financial advice industry transformed in 2024, setting the stage for an optimistic 2025. From adviser number stabilisation to AI adoption, DBFO legislation, and the rise of super advice firms, check out the 5 key trends shaping the future of Australian advice. #advicematters #DBFO #Superannuation Netwealth - See Wealth Differently (ASX:NWL) AZ NGA Entireti Oaktree Capital Management, L.P.

Atlantic Star Analytics has been recognised as a key data provider in the Department of Finance Ireland's Funds Review 2030. This recognition underscores the important role our data plays in supporting the structured finance and securitisation sector in Ireland. Accurate, reliable data is essential for assessing the SPV sector, informing both regulatory decisions and industry practices. As Ireland continues to grow as a global financial hub, Atlantic Star Analytics provides the detailed insights necessary for informed decision-making in this increasingly complex landscape. Read the full article: https://lnkd.in/gy_b8edZ #spv #securitisation #structuredfinance #ireland

It takes a lot to unite all sections of the #financialadvice profession but Treasury's handling of the #cslr funding has achieved it. #faaa #aiofp #smsfassociation https://lnkd.in/gqhbqs7v

CGAP shares how open finance can reduce financial inclusion gaps. Successful implementation could lead to a financial sector where a range of FSPs can serve any individual or enterprise, regardless of size, income or location, with affordable, responsible and effective financial services tailored to their needs. https://lnkd.in/d7tDR97k CGAP

Jones announces further details on DBFO: Financial Services Minister Stephen Jones has shared further details on the second tranche of the Delivering Better Financial Outcomes reforms including modernising best interests duty and reforming Statements of Advice. https://bit.ly/3B8SJJX