Advice affordability isn't a licensing issueBY EUGENE ARDINO | THURSDAY, 15 OCT 2020 4:17PMPublic discussion over the last few months has taken the financial planning sector back to a well worn debate about moving to a system where anyone who wants to provide financial ... Upgrade your subscription to access this article
Join the growing community of financial advisers
with unlimited access to our latest news, research and analysis of the industry.
Become a premium subscriber today. |
Latest News
Court approves $16m DASS settlement
|The Federal Court has approved the settlement reached in the $16 million class action brought against Dixon Advisory & Superannuation Services (DASS) following a two-week delay.
Adviser numbers plateau
The number of financial advisers in Australia appears to be stabilising at 15,602, as Count and AMP Financial Planning continue to hold the lion's share.
Two Brisbane advice firms merge
Brisbane-based financial advice firms Eureka Whittaker Macnaught (EWM) and Blue Harbour Financial Partners, which are part of AZ NGA, have announced their merger.
Financial advice exodus has 'bottomed out': ClearView
The insurer says the government's response to the recent Quality of Advice Review points to a return of advice.
Cover Story
Passing the baton
LIAM ROCHE
ADVICE ASSOCIATE
EUREKA WHITTAKER MACNAUGHT PTY LTD
ADVICE ASSOCIATE
EUREKA WHITTAKER MACNAUGHT PTY LTD
Liam Roche's experience in customer relationships and paraplanning has set him up for success as a financial adviser. Now undertaking the Professional Year, the advice associate at Eureka Whittaker Macnaught tells Karren Vergara how a new breed of advisers is flying the flag.
When a license is operated as a co-op model which provides adviser access to aggregate pricing to essentials such as PI etc etc then would work fine and in harmony. When an AFSL is run as a profit centre then it is hard for that model not to be conflicted. It just seems your post is focused on your best interest.
On the previous comment, I wish to point out that any group of advisers may right now form their own AFSL and achieve the same outcome as a "For Profit Model" and I might add they would need to achieve the same outcome to ensure their survival.
Future practices will operate on a similar model to Accounting Partnerships and such groups will need to exist to contain costs.