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Also in news.moneymanagement.com.au

Banks right to keep wealth management separate

 
  May 11, 2016 
 
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Latest News

Why NAB and Westpac are right on wealth management

NAB and Westpac may have made the best strategic call by keeping their wealth management businesses as separate entities, according to an academic analysis. Read more

Planners and accountants up profits from referrals

Financial services companies are more profitable as they’re adding value to existing clients and getting more referrals, a Macquarie survey found. Read more
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Men feel more financially educated

One-fifth of women do not feel financially educated and are more risk aware than men, according to BT Financial Group. Read more

AFA calls for 'adaptive practices'

The AFA is encouraging advisers to address changing customer preferences to stay ahead of the game. Read more
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Cognitive decline could spur financial fraud

Financial advisers need to be aware of ageing clients experiencing cognitive decline as they could be more vulnerable to financial fraud and abuse from strangers and family and friends. Read more

US wealth firm forays into Australia

Melbourne-based MX Lomax Group becomes the first Australian firm to join US-based wealth management firm, Focus Financial Partners. Read more
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Industry fund appoints head of advice

Government employee industry fund, LGS, appoints a new head of advice to increase its financial advice offering. Read more

Former Guardian Advice practice joins Fortnum

Former Guardian Advice group, Griffin Financial Services, has joined Fortnum after Suncorp exited its financial planning businesses last year. Read more
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Whistleblowers’ mental illness used to discredit them

Organisations demonise and pacify whistleblowers as mentally ill in order to discredit their claims against the firm, which leads to a vicious cycle of mental illness. Read more

Toolbox

Holding insurance within superannuation

Holding personal insurance through super may be worth considering for the right client, and advisers need to be aware of not only the benefits but also the tax consequences and complexity. Read more
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Features

Super fund planners an academic mixed bag

Growing numbers of planners hold a Post Graduate or Masters qualification, but those working in the superannuation sector are more likely not to have darkened the door of a university, the Money Management Salary Survey finds. Read more

Movers and shakers in scaled advice

Video advice takes off, older Australians take up phone-based advice, and more people want comprehensive advice instead of scaled, Jessica Amir finds. Read more
 
 
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