Search

Search Results

Showing 1 - 2 of 2 results for Elizabeth McArthur

A debate is raging about what the Financial Adviser Standards and Ethics Authority's Code of Ethics means for ESG investing and advising clients on ethical investment options, with FASEA chief executive ... A debate is raging about what the Financial Adviser Standards and Ethics Authority's Code of Ethics means for ESG investing and advising clients on ethical investment options, with FASEA chief executive Stephen Glenfield forced to clarify the issue. The example provided in Standard 6 of the Code of Ethics appears to be the source of the confusion - states that financial advisers must take into account the broad effects arising from the client acting on their advice and actively consider a client's broader, long-term interests and likely circumstances. In the accompanying Code of Ethics Guidance, releases by FASEA in October 2019, this example is given in relation to Standard 6: "Where your clients indicate they only wish to invest in ethical or responsible investments, you will need to consider whether limiting your product recommendations in this manner is appropriate." Dave Rae, a financial adviser and owner of DPR Wealth, explained that his reading of the guidance indicates that advisers should be asking clients whether they would prefer to invest in an ethical or responsible manner. For Rae, who is a member of the Ethical Adviser's Co-op and the Technical Working Group for the Australian Sustainable Finance Initiative, that would mean business as usual - however for other advisers it could present a significant hurdle to jump. "The way the explanatory statement is worded to me quite clearly says that every adviser will have to consider ethical and responsible investments," Rae said. "And the only way you can consider that is by asking the client whether they have particular ethical considerations or preferences." For Rae, the issue of whether the FASEA code means advisers have to ask whether their client has ethical investment preferences is one of semantics. Stephen Glenfield, FASEA chief executive, offered this clarification to Financial Standard: "In short, Standard Six does not require the adviser to ask about ethical investments." "Rather, where a client indicates they only wish to invest in ethical or green investments, Standard Six requires the adviser to consider whether this is in the client's best interest." Nonetheless, Rae is not alone in his interpretation of FASEA's comments; others have also taken the explanatory statement around Standard 6 to mean ethical investing may require more attention from advisers. Read more...Read more

Fifty shades of green

ELIZABETH MCARTHUR | In Ethics & Governance

It's been a slow burn but environmental, social and governance concerns have finally become mainstream among institutional and retail investors. According to Rainmaker data analysing 139 multi-manager ... Read more

PAGE:

Latest News


Isolated advisers enter the digital age ALLY SELBY In an industry known for its reliance on pen and paper, financial advisers have been quick to pivot their business models in the face of COVID-19 and embrace technology.	It's not you, it's quarantine ELIZA BAVIN Many financial advisers may need to gear up to handle the aftermath of couples growing apart as they're forced together.

ClearView promotes resilience HARRISON WORLEY ClearView has moved to allay concerns over its future amid the COVID-19 pandemic, informing the market that its regulatory capital position "appears resilient" to a range of stress testing scenarios.	Centrepoint executives depart, pay cuts implemented ELIZA BAVIN Centrepoint Alliance has announced two of its executives will depart as the rest of the leadership prepare for 20% pay cuts.

Videos

Brought to you by

GAM: Are you really diversified?

Chief Economists Forum 2020 | Highlights

Chief Economists Forum 2020 | Danielle Wood

Investment Leadership Awards 2020 | Highlights

T. Rowe Price: Secrets To Success

MORE VIDEOS ►

Get it Weekly

Read the latest news and white papers. Get the FS Advice Weekly Newsletter.

Cover Story

MORE STORIES ►

Empowering ability

WILLIAM JOHNS
MANAGING DIRECTOR
HEALTH & FINANCE INTEGRATED PTY LTD

There's a lot of talk about the value of financial advice and how advisers can prove that value. For William Johns, the real value of advice is in it's ability to empower those left disempowered by systems. Elizabeth McArthur writes.

READ MORE ►

Expert Feed

MORE EXPERT FEEDS ►


William Johns National Director Financial Planning Association of Australia	Dawn Thomas Executive Relationship Manager Wealthwise	Peter Horsfield Senior Financial Advisor Financial Management Works	Peter Townsend Principal Townsend Business and Corporate Lawyers
Automation's role in COVID-19 market panic	Overcoming apathy in clients	Why I'm not quitting financial advice	Hotel California moment for transferring financial advisers
If you read the news, you will no doubt start feeling a sense of panic. Headlines such as 'About $130 billion wiped off Australian shares' can really ...	While it can feel accidental, goals often materialise due to meticulous planning. Art of War author and philosopher Sun Tzu has said "Plan for what ...	If you read the media and industry headlines, you'll read that thousands of financial advisers are currently running for the door. Their reason? Over ...	There are numerous ways that an AFS licensee can prevent or hinder an authorised rep from leaving the licensed group. ARs wanting to leave their current ...
READ MORE ►	READ MORE ►	READ MORE ►	READ MORE ►

Industry Events

MORE INDUSTRY EVENTS ►

MAY

UNIT PRICING OPERATIONAL RISK & CHALLENGES 2020 FORUM

►

MAY

Best Practice Forum on Exchange Traded Products - Video on Demand series

►

MAY

Best Practice Forum: ESG

►

AUG

Financial Executive Women - Annual Leadership Conference 2020

►

NOV

Best of the Best

►

Your Opinion

MORE POLLS ►

Do you feel you're helping clients as effectively as you can to weather COVID-19?

Professional Subscription for $295
(inc GST) for 1 year.

Premium Subscription for $395
(inc GST) for 1 year.

Principal Subscription for $495
(inc GST) for 1 year.

OTHER PUBLICATIONS

FS Advice

The Australian Journal of Financial Planning.

MORE INFO ►

OTHER PUBLICATIONS

FS Super

The Journal of Superannuation Management.

MORE INFO ►

OTHER PUBLICATIONS

FS Private Wealth

The Journal of Family Office Investment.

MORE INFO ►

OTHER PUBLICATIONS

FS Managed Accounts

The Journal for Managed Account Professionals.

MORE INFO ►

Get the free iPad app

Download the Financial Standard iPad app for FREE.

DOWNLOAD

► AFSL Support Services	► Research Houses

► Cash Flow Financing	► Research Services

► Contracts for Difference	► Retirement Products

► Education & Training	► Reverse Mortgages

► Industry Associations	► Stockbroking Services

► Investment Managers	► Structured Investments

► Managed Accounts	► Super Funds Personal

► Margin Lending	► Super Funds SMSF

► Online Brokers	► Super Funds Workplace

► Portfolio Services	► Technology Providers

► Recruitment Firms	► Third Party Marketing