Chris Dastoor

A report covering the first nine months of the breach reporting regime has left the corporate regulator dissatisfied with the level of compliance from the industry. It comes as the regulator is facing another Senate review. https://t.co/bGkT3sCmG4

Advisers may not be struggling to gain clients, but there are still benefits to boosting online content according to two practice consultants. https://t.co/wWWjHqqSeZ

Poor performance and customer service have driven advisers away from fund managers, but those lost flows are still being made up via managed accounts and ETFs, with active management still being required in volatile economic markets. https://t.co/QhbdUJwOBb

From reading some advice review submissions, compliance managers have been left alone to respond to Treasury. Business leaders must take charge to stop the industry from getting stuck in the weeds and missing an opportunity for visionary reform. https://t.co/GXYyqvt45D

If Quality of Advice Review lead Michelle Levy’s proposals go ahead as currently recommended, there will need to be clear guidance from regulators for what constitutes “good advice”, otherwise the industry will revert to a prescriptive comfort zone. https://t.co/0lquIuUF6d

Treasury’s assessment of the financial advice regulatory system is that it’s been built backwards off the presumption of guilt rather than creating a balanced system, showing there is support from the government for the Quality of Advice Review proposals https://t.co/qF9bl4FC49

Netwealth hopes its research will lay the blueprint for how advisers approach establishing client needs for ESG. https://t.co/pWWQehnQaw

Just months after a US-backed cash infusion, high-net-worth advice firm @KodaCapital Capital will merge with Perth-based Redwood Wealth Alliance. https://t.co/404dJPQOBR

While the Retirement Income Covenant will improve product options for all superannuants, the launch of @AMP_AU’s new retirement income product shows that a higher tier of configurable product that will be available to advisers only. https://t.co/zL2p7WikI6

Collaborating and developing its own solutions to current challenges will go a long way to improving the advice industry writes Nathan Jacobsen. For too long the profession has taken a reactive rather than a proactive approach to change. https://t.co/Kk2SSY68PT

The $20m levy cap currently included in the CSLR bill means the financial services minister would be tasked with using their own discretion to fund any excess. According to @ajamesbragg this could have unintended consequences for the industry. https://t.co/JZSbwyThvk

Making advice more affordable is a worthwhile pursuit, but Australians have shown they are happy to pay a premium price for a quality service. Adele Martin writes the profession is more than capable of using its creativity to convey that value. https://t.co/KPe1GtBeMx

Private market and self-licensed boutiques have emerged as the top target for product distribution teams, according to research from @adviserratings, and BDMs are prioritising relationships with advisers over licensees. https://t.co/uma3xiDfjR

Regulatory reform in Australia has advanced the cause of an advice profession, and bolstered consumer protections. But the cost of those gains is eternal vigilance to make sure neither is fatally undermined. https://t.co/gijHL0ZjRx

The man who helped broker the Koda Capital/Emigrant Partner deal says the offshore perspective of the Australian advice market is highly positive, thanks to a strong regulatory framework and a $3.4 super pool. https://t.co/ybo7cCWjML

The Quality of Advice Review could see the emergence of an upper and lower class of financial adviser. Paul Moran writes Levy’s bold thinking should be commended, but the proposals suggest we’re in the midst of a Quantity of Advice Review. https://t.co/yxpjKbgEC5