Empowering your industry

Tax cuts are on the way – but when?

Tax cuts are on the way – but when?

The Coalition and RBA agree on the need for fast delivery of personal tax cuts.  The barrier is Senate uncertainty.

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9 things you may not know about the FASEA blueprint

9 things you may not know about the FASEA blueprint

FASEA announced a revised education framework in late-2018 with some welcome modifications. Here’s what financial advisers may not know about the blueprint.

4 mins read
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Four examples of tech innovation in financial advice

Four examples of tech innovation in financial advice

We're living through an unprecedented technology revolution, and no industry is immune, including financial advice. But what exactly will the future bring? We take a look at four major tech innovations impacting the financial advice sector.

3 mins read
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What advisers need to know about open banking

What advisers need to know about open banking

Data and technology are set to truly take centre stage in financial advice firms this year with the introduction of open banking. 

4 mins read
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4 steps to add responsible investment to your service offering

4 steps to add responsible investment to your service offering

With research showing nine out of 10 Australians expect investments to be invested responsibly, here’s four steps to get started with responsible investment.

4 mins read
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Transitioning to AFCA: the final tasks to complete

Transitioning to AFCA: the final tasks to complete

To effectively transition to the Australian Financial Complaints Authority (AFCA), there are still a number of tasks practices need to complete by 1 July 2019.

4 mins read
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SMSFs increase diversification using offshore investments

SMSFs increase diversification using offshore investments

SMSF investors know the value of diversifying their assets. But a new CommSec report reveals a trend towards further diversification using offshore investments.

3 mins read
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The hidden cost of a cashless society

The hidden cost of a cashless society

With research showing only one in five Australians prefer to use cash, advisers need to consider the impact this cashless trend is having on clients’ finances.

5 mins read
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A closer look at the 2018 IPO market

A closer look at the 2018 IPO market

It’s been an interesting start to the first half of 2018 for the IPO market, with the number of IPOs slightly down on last year. We take a closer look. 

3 mins read
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Trump's trade war: what Australian advisers need to know

Trump's trade war: what Australian advisers need to know

As Trump steps up his tariff tussle and trading partners respond, the risk of a global trade war looms. Here’s what Australian financial advisers need to know.

4 mins read
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A spotlight on the Australian property market

A spotlight on the Australian property market

With confidence in the Australian property market weakening, it’s important advisers have a thorough understanding of the environment.

3 mins read
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Not old yet: how a financial planner can fight ageism

Not old yet: how financial planners can fight ageism

In an industry that prizes youthful energy, having clocked up a few years can often be a real drawback.

4 mins read
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New catch-up super contribution rules – what you need to know

New catch-up super contribution rules – what you need to know

From 1 July 2018, new catch-up super contribution rules represent an invaluable opportunity for eligible low balance clients to get more money into their super.

4 mins read
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How financial planners can detect elder financial abuse

How financial planners can detect elder financial abuse

Instances of financial abuse of the elderly are on the rise. So how can you tell if your client is a victim, and what should you do if they are?

3 mins read
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Want younger clients? Help them with ETFs

Want younger clients? Help them with ETFs

People aged 21-35 are investing more and more into ETFs. Financial advisers can be a part of this trend, and demonstrate their value to younger clients.

3 mins read
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First Home Super Saver Scheme: A financial adviser's guide

First Home Super Saver Scheme: A financial adviser's guide

Buying a first home is never easy, but from July 2018, Australians can use the lower tax environment of the super system to save some of their deposit.

5 mins read
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What NOT to expect from the 2018 budget

What NOT to expect from the 2018 budget

Treasurer Scott Morrison has made it very clear he will not be delivering “Christmas in May” this Federal Budget. So here's what's off the gift list. 

3 mins read
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What advisers need to know about AFCA, the new complaints body

What advisers need to know about AFCA, the new complaints body

Australian Financial Complaints Authority (AFCA) will act as a one-stop shop to deal with complaints across most areas of the financial services industry. Here's what you need to know.

4 mins read
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It's time to consider investing in Aussie insurtech

It's time to consider investing in Aussie insurtech

Government incentives and a new industry body are putting insurtechs on the map in Australia, here’s what you need to know.

4 mins read
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What slow wage growth means for financial advisers

What slow wage growth means for financial advisers

Australia’s slow wage growth has become a focus of national debate. At a macro level it stymies income growth, but for individuals it has a real impact on investment decisions. That’s where advisers have a key role to play.

4 mins read
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How to prepare for the new industry education standards

How to prepare for the new industry education standards

Here's a break down of what we know so far about the FASEA reforms and how you can start preparing. Also, because they’re still being shaped, you still have time to provide input.

4 mins read
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AI can now give in-depth financial advice via live chat

AI can now give in-depth financial advice via live chat

Financial advice powered by AI will shake up the industry, but planners can get on the front foot and use it to offer better advice to their clients.

4 mins read
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Ethical investing is bigger than ever – here's what you need to know

Ethical investing is bigger than ever – here's what you need to know

Research reveals that one in two Australian investors expect their adviser to be knowledgeable about ethical and responsible investing and to invest in products that align with their values. And Millennials are leading the charge.

3 mins read
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Are you prepared for the new SMSF reporting requirements?

Are you prepared for the new SMSF reporting requirements?

With the new TBAR regime helping the ATO track and record SMSF balances and transfers, anyone managing an SMSF needs to be prepared.

3 mins read
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Tricks of the trade: calculating a portfolio for over 60s

Tricks of the trade: calculating a portfolio for over 60s

People are living longer, healthier and more active lives. Retirement planning needs to reflect this new reality.

3 mins read
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What needs to be done to close the financial advice gender gap?

What needs to be done to close the financial advice gender gap?

While women now outnumber men in the financial and insurance industry on the whole, there's still a dearth of women in the financial advice sector. One adviser's 11-year career may hold a clue as to why.

4 mins read
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Don't just anticipate digital change: Drive it

Don't just anticipate digital change: Drive it

An award-winning scientist has a message for advisers: meet new technologies head on and take control.

3 mins read
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Surfing the crowdsourcing wave

Surfing the crowdsourcing wave

Fancy getting your clients in as ground-floor investors in the next Google or Apple? The start of Australia’s new crowdsourced funding regime on 28 September 2017 may mean that idea is no longer a dream.

3 mins read
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Have your say on financial system matters

Have your say on financial system matters

Financial advisers have an opportunity to put their views on the financial system inquiries underway.

2 mins read
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What does it take to win Gen X and Gen Y clients?

What does it take to win Gen X and Gen Y clients?

Your reception area might not boast a well-stocked bar like one award-winning financial advice firm, but there are plenty of other ways you can appeal to Gen X and Y clients.

3 mins read
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End of Year Wrap 2018

End of Year Wrap 2018

Prospects for the Australian economy remain good. The Reserve Bank recently said that GDP growth would be around 3½ per cent on average in 2018 and 2019. And we wouldn’t greatly disagree with the forecasts.

1 min read
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What's the state of the commercial property market?

What's the state of the commercial property market?

Everyone's talking about the residential property market, but what's happening in the commercial sector?

2 mins read
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Rates: how low can they go and for how long?

Rates: how low can they go and for how long?

The days of the record-low cash rate are numbered but what does a rise mean for investors?

3 mins read
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5 ways to do business with Gen Y

5 ways to do business with Gen Y

They want everything tailored. They want it hassle-free. They're entrepreneurs at heart. And they know they should be managing their money better. We're talking Gen Y, of course.

4 mins read
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Six Dos and Don'ts when setting up a client's SMSF

Six Dos and Don'ts when setting up a client's SMSF

'Self-managed' super funds by name, not entirely so by nature. Here's what you can do as an adviser to help your clients avoid SMSF pitfalls.

4 mins read
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How the dining boom can feed investors' profiles

How the dining boom can feed investors' profiles

Here’s food for thought for investors: Australia’s ‘dining boom’ is starting to take over from what was the mining boom.

3 mins read
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How financial advisers can help close the Super gap

How financial advisers can help close the Super gap

Women are entering retirement with less than half the superannuation of their male counterparts. Here's how you can help close the gap.

4 mins read
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What's set to change under President Donald Trump

What's set to change under President Donald Trump

We’re at that time of the year when all good analysts turn their minds to the year head. And from the perspective of Chief Economist at CommSec, Craig James, three words will sum up 2017 – President Donald Trump. At present, all the signs suggest that the economic environment under the US President-elect will be quite different.

3 mins read
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Marriage equality – be ready for change

Marriage equality – be ready for change

The plebiscite may have been voted down in the senate, but this certainly doesn’t mean the topic of marriage equality is off the table. The day maysoon come when same sex couples have the right to marry, and the wedding day of countless couples will serve as an important reminder to visit a financial adviser. 

3 mins read
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Why the world needs more female financial advisers

Why the world needs more female financial advisers

A woman goes to buy a car. The salesman asks: “When is your husband coming in?” The woman is Executive General Manager of Colonial First State, Linda Elkins. Recalling the incident, Elkins says it highlights societal assumptions about a woman's role in financial decision-making.

 

4 mins read
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Differences in the way men and women invest

Differences in the way men and women invest

When it comes to investing, most people want the same thing – to make decisions that will set them up for a comfortable lifestyle before and during retirement. But it turns out there can be a world of difference in the way men and women make investment decisions. 

5 mins read
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Tackling the billion dollar threat to Australian businesses

Tackling the billion dollar threat to Australian businesses

Cyber crime costs Australians over one billion dollars each year, which is why it’s not surprising that when the Federal Government’s National Innovation and Science Agenda was announced, the scheme included a multi-million dollar cyber security centre. We look at why the government has made cyber security a priority and why small businesses should sit up and take notice. 

4 mins read
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Agricultural technology – new opportunities for clients

Agricultural technology – new opportunities for clients

The people who put food on our plates are often under-appreciated. And the same goes for the industry they represent.
 

3 mins read
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What changes to the Social Security Assets Test mean for clients

What changes to the Social Security Assets Test mean for clients

As of 1 January 2017, changes will come into effect that will impact hundreds of thousands of pensioners, many of whom are your clients. To ensure you're able to assist your clients during this transition, here's a breakdown of the changes and the impact they will have.

3 mins read
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Helping clients to make a worthy investment

Helping clients to make a worthy investment

Australians are increasingly concerned that their money supports the ‘right’ kinds of businesses. We outline the strategies you can use to identify investments that are personally rewarding and profitable for clients.

4 mins read
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Ethical standards: the power of one

Ethical standards: the power of one

It goes without saying that public confidence and trust in the advisory space has been somewhat shaken over recent times. This has, however, presented a huge opportunity to rebuild the profession, inside and out. And we all have a role to play.

2 mins read
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How technology disrupters can help you rethink your business

How technology disrupters can help you rethink your business

The days when anything to do with technology was the responsibility of the IT department are long gone. If you’re not up to speed with technological innovations, you may well find your business being left behind as the technology disrupters move in.

2 mins read
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Is lifting the accountants' exemption a threat or opportunity?

Is lifting the accountants' exemption a threat or opportunity?

You cannot be complacent about the upcoming lifting of the accountants’ exemption. Instead, you should be using the time before the exemption ends to work out how to best position your business and see this development as a strategic opportunity.

3 mins read
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Stay abreast of changes in the property market

Stay abreast of changes in the property market

In order to offer sound advice, financial advisers need to understand the environments their clients are considering investing in. We look at the potential in the property market, give an overview of the recent initiatives implemented by ASIC to curb investor lending, and explore SMSF-specific opportunities.

4 mins read
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The telltale signs of a scam

The telltale signs of a scam

Spot the telltale signs of a scam to avoid being fooled by fraudsters. Fraud is a huge concern among Australian businesses; but particularly for those working in the finance sector.

2 mins read
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Appealing to Gen Y clients

Appealing to Gen Y clients

Generation Y will dominate the financial space in the next few years, which is why you need to understand what they want and how you can help them achieve it.

4 mins read
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Are you able to identify a client with cognitive decline?

Are you able to identify a client with cognitive decline?

Australia’s elderly population is set to double over the next 25 years, which means issues surrounding cognitive decline will inevitably rise. Here’s how you can better protect yourself and your client.

4 mins read
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Role for advisers in margin lending equation

Role for advisers in margin lending equation

Margin loans are a popular tool for investors who want to accelerate wealth creation with leverage. But without careful management, leverage can magnify losses as easily as gains. That’s where advisers with margin lending expertise have much to offer their clients.

4 mins read
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Brexit – what happens next?

Brexit – what happens next?

The 23 June vote for a British exit – or Brexit – from the European Union has sent the global economy into unchartered waters. While the initial impact sent shockwaves through global financial markets, the economic ripple effects will be felt for years. 

4 mins read
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Shift to a global tax reporting standard

Shift to a global tax reporting standard

Offshore tax avoidance has been receiving increased scrutiny by governments in Australia and overseas in recent years. It’s a global issue and it’s about to be tackled with a global response. 

3 mins read
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Five impacts of election uncertainty

Five impacts of election uncertainty

Now that the federal election is out of the way, investors can begin to plan for the future; but that doesn’t mean it will be plain sailing. Here are 5 take-outs from the election outcome.

3 mins read
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Ever wished there were more hours in the day?

Ever wished there were more hours in the day?

As an adviser, it can often feel like you’re chained to your desk completing SOAs. We explore five reasons why you should consider outsourcing paraplanning.

4 mins read
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ASIC removes barriers to fintech innovation

ASIC removes barriers to fintech innovation

From the digital wallet to peer-to-peer lending and robo-advice, new financial technology is beginning to change the way Australians do business and generally run their lives. More than that, it is also having an impact on the way financial service providers, including advisers, interact with their clients. 

3 mins read
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AI VS robo-advice: where is the future headed?

AI VS robo-advice: where is the future headed?

The terms artificial intelligence and robo-advice can at times seem interchangeable. But they are different, and when utilised correctly, both offer advantages. 

4 mins read
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Robo-advice – where does the responsibility lie?

Robo-advice – where does the responsibility lie?

There are significant benefits to be gained from the rise of robo-advice, but advisers need to be aware that they cannot outsource their obligations. The buck stops with you.

5 mins read
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SMAs – what's the big attraction?

SMAs – what's the big attraction?

A sudden burst of activity has accelerated the separately managed accounts (SMAs) sector. While SMAs have been available for years — with a steady but muted popularity — the past 18 months or so have seen an upsurge in investment and interest by planners. 

3 mins read
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