Records of Advice in practiceBY ASSURED SUPPORT | VOLUME 17, ISSUE 1 From an advice perspective, how long can you rely on a Statement of Advice (SOA) to support your ongoing advice? To put it another way, how old and dated must an SOA be before ... Get articles like this delivered to your email - Sign up for the free weekly newsletter  More Articles |
Latest News
Count shutters limited-advice business, slips in size ranking
Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.
Centrepoint Alliance acquires two advice firms
Centrepoint Alliance will acquire Queensland financial advice practices Cairns Wealth and Pinnacle Wealth for $3 million from Astute Financial Management.
Small pocket of failed measures can 'blow the entire business': Anderson
FAAA general manager of policy, advocacy and standards Phil Anderson warned licensees to improve their control measures for authorised representatives to avoid any unintended consequences.
AFCA puts InterPrac determinations on ice
The Australian Financial Complaints Authority (AFCA) is pausing all InterPrac Financial Planning-related determinations as court proceedings instigated by the latter are underway.
Further Reading
Cover Story
Advice with soul
SACHA BURCHGART
FOUNDER AND FINANCIAL PLANNING SPECIALIST
BURCHEART
FOUNDER AND FINANCIAL PLANNING SPECIALIST
BURCHEART
Though she initially tried, Sacha Burchgart couldn't escape the call of a career in financial advice; it just took staring down her own mortality to see what's possible when you do things differently. Jamie Williamson writes.
Expert Feed
Fixing the CSLR: the UK FSCS offers lessons - but not a blueprint
UK's equivalent scheme of the CSLR highlights the lack of stability and predictability it currently has, expert says.
Helping clients stay the course in volatile markets
Fidelity International's recent research shows many investors are maintaining a "long-term" perspective despite recent market turmoil.
Let's be honest: is it a tech stack... or just a stack of tech?
Financial advisers need to be aware that sophisticated technology does not always serve as a practical, effective tool.
At the crossroad of governance: the two choices for Australian fund managers
Internalising trustees, although lawful, weakens independent oversight and can expose a fund manager to greater risks than those outsourcing the capability ...
The ASIC Information sheet clearly generated by a Lawyer who has never seen a client is just a large waste of time. It is so constricted as to be entirely useless.
This is a classic example how ASIC is significantly out of touch with the Financial Services Industry and have little idea about costs and the needs of clients.
I look forward to the Treasury review that dumps most of this nonense in the bin.
It took ASIC > 15 years to clarify when to use a ROA in lieu of an SOA, especially when moving from one licencee to another. ASIC for years has dodged and weaved & been opaque on issues, so the writer of this article who reckons that criticism of ASIC is unfair or not reasonable, needs to get in the trenches with Financial Planners & see what really goes on in the world of financial advice. Trying to pin it on licencees is & their processes is simply "not cricket" & the compliance people & lawyers of the world need to get in front of real people and try to run a compliant, profitable and growing financial business - instead of hiding behind their PC's