Category | Practice Management

Don’t Underestimate Clients on Advice Fees

Advisers can charge a fee for life insurance advice but need to be aware of what it costs to deliver the advice and structure their services accordingly, claims Western Australian adviser, Mark Rando. (more…)

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0 · October 16, 2017 in Associations, Conferences and Events, Practice Management, Remuneration  

AFA Signs Partnership with Map My Plan

The AFA has partnered with robo-advice provider, Map My Plan, to offer a service to advisers to help them attract new clients and build financial literacy among new and existing clients. (more…)

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0 · October 12, 2017 in Associations, Conferences and Events, Practice Management, Services, Technology  

Hybrid Commissions Gaining Ground

Financial advisers are favouring hybrid commission models over level commission or fee for service, and estimate more than half of their revenue will come from that model by 2020, according to Investment Trends. (more…)

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1 · October 10, 2017 in General, Practice Management, Remuneration  

BoLR is Worst Outcome for Clients

Buyer of Last Resort (BoLR) arrangements are the worst possible outcome for clients and a poor reflection on a financial adviser, according to the chair of the Mentor Education Group, Dr Jim Taggart OAM. (more…)

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1 · October 3, 2017 in Practice Management, Practice Marketing  

TAL Offers LIF, Professional Standards Course

TAL has expanded its adviser education offer with a course designed to assist advisers prepare for business changes under the Life Insurance Framework (LIF) and professional standards legislation. Offered via TAL’s Risk Academy, the free one-hour course will cover the LIF and professional standards legislation and a timeline of expected events and what will be […]

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2 · September 28, 2017 in Compliance & Regulation, Practice Management, Training  

Advisers Still Uncertain About LIF Changes

A majority of financial advisers still remain uncertain about key changes that will be introduced as part of the Life Insurance Framework (LIF) reforms, including start dates for commission caps and clawback arrangements and the extent of those arrangements, according to a new adviser survey. (more…)

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3 · September 21, 2017 in Compliance & Regulation, Practice Management, Remuneration  

News in Brief

AMP Launches LIF Resource Hub; Adviser Caught Out Over AFSL Application; Old Dispute Schemes to Overlap With New (more…)

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0 · September 19, 2017 in Company News, Compliance & Regulation, Practice Management  

Coaching is Future of Financial Advice

Financial advisers should consider broadening their services to become a financial lifestyle coach while also adopting new technology to meet regulatory requirements, a new whitepaper has claimed. (more…)

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0 · August 22, 2017 in Compliance & Regulation, Practice Management, Practice Marketing, Soft Skills, Technology  

ANZ Offers Adviser Training Via Webinar Series

ANZ Wealth has launched a third series of short webinars for financial advisers including a number of sessions focused on life insurance claims and common illnesses. (more…)

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0 · July 20, 2017 in Practice Management, Soft Skills, Training  

Advisers Urged to Begin Education Preparations

Advisers are being urged to consider the level of work required to meet the new professional standards regime and begin preparations to avoid missing the 2021 deadline. (more…)

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0 · June 28, 2017 in Practice Management