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US fundies targeting model makers, not advisers, in distribution rethink

The shift in focus from financial advisers to research consultants continues apace, both here and abroad, as asset managers follow the great money management...

ASIC granted new powers over financial market infrastructure entities

The Bill comes after a report from the Council of Financial Regulators warned that the financial system's reliance on financial market infrastructure had...

The advice business models that are growing in 2024

It's been a tale of two models in advice, with the accountants that provide holistic advice services going one direction and those that provide SMSF advice...

Dixon's inquiry could be a reckoning for vertically integrated practices in advice

In the Dixon's inquiry vertical integration will not only be writ large, but it will have thousands of victims' names attached to it. The practice has run...

Compliance is 'hollow, empty' without the right culture: ASIC's Longo

Rather than striving to tick legal boxes, the commissioner said, compliance teams should build their work practice around the right ethical pillars to engender...

More than $8,000 per adviser: Potential Dixons CSLR bill comes into focus

It's essential that we learn from the Dixons Advisory scandal, the FAAA chief said, so we can avoid future harm. The association has asked the government to...

ASIC sounds the alarm on third-party product distribution

On the whole, product providers like fund managers have "made progress" with their adherence to target market determination rules. But ASIC warns that when...

FAAA pulls up ABS on advice occupation classification, proposes new definition

The bureau's financial advice role definition is not up to scratch, the FAAA says, and conflates the role of a financial adviser with an investment adviser. A...

'Play to whatever makes you stand out': Advisers discuss what makes them unique

Knowing how much personality to inject into a professional advice veneer is a skill that needs to be learnt by all advisers, but practices also have a role to...

FAAA to consult with Treasury over CSLR 'unintended consequences'

While the minister has remained relatively mute on the obvious issues with the CSLR, he will at least allow the association to discuss the scheme's flaws with...

Asset managers courting advisers with free consulting services

Over half of asset managers in the US offer "business consulting resources" to the growing registered investment adviser cohort. Whether advisers actually want...

The FAAA's 'Angry Anderson' sounds off on Dixon Advisory drama

Appropriately enough, it took a regulatory breakdown to finally ruffle the policy chief's feathers. In the first of a series of whitepapers aimed at collating...

AI impact 'won't be linear', with some sectors set to benefit more than others: Amundi

Some sectors will feel the benefits early, and the impact will be all-consuming. Others will take longer, and the effect might only be marginal. For advisers,...

Juice 'worth the squeeze': Custom model portfolios take hold as SMA market matures

Both in the US and at home, the model portfolio market has matured to the point where most advice firms running managed accounts are in the frame to use...