Demand for financial advice is soaring during COVID-19

Demand for financial advice is soaring during COVID-19

The pandemic and lockdowns have increased collaboration between advisers and clients, including the demand for financial advice.

3 mins read
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The rise of FAATMAN: what US exposure means for investors

The rise of FAATMAN: what US exposure means for investors

Australian investors who bet on the US tech mega-caps to outperform through the COVID-19 pandemic have been handsomely rewarded. However, the way forward is less certain.

4 mins read
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Federal Budget 2020/2021

Federal Budget 2020/2021

Comprehensive analysis of the 2020/2021 budget

1 min read
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The role of super funds during COVID-19

The role of super funds during COVID-19

Access to their super has assisted many Australians during the COVID-19 pandemic. But these savings will also need to underpin the recovery as we navigate out of economic crisis.

4 mins read
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Aussie population growth slows
Economic Insights

Aussie population growth slows

Australia’s annual population growth rate eased from 1.45 to 1.41 per cent – the slowest pace in 8½ years.

10 mins read
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The pandemic presidential election & financial markets
Economic Insights

The pandemic presidential election & financial markets

Investors would have thought that the US election would be the biggest market-moving event.

10 mins read
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Bridging the generation gap in financial advice

Bridging the generation gap in financial advice

COVID-19 has accelerated a generational shift to digital offerings and this – along with the cost of financial advice – represents the biggest challenge to winning over savvy consumers.

4 mins read
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Stunning August Jobs Data
Economic Insights

Stunning August Jobs Data

The unemployment rate fell from a 22-year high of 7.5 per cent to 6.8 per cent in August. It was the biggest monthly fall in the jobless rate in 32 years.

10 mins read
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Small business is meeting COVID-19 challenge
Economic Insights

Small business is meeting COVID-19 challenge

Researchers have found that the proportion of SMEs with significant revenue declines from COVID-19 has reduced from 57 % in July to 45% in late August.

10 mins read
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Why professional development means building resilience

Why professional development means building resilience

Resilience training is set to become a key part of professional development, equipping advisers with the ability to learn new skills quickly and own their careers.

4 mins read
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The economics of COVID-19
Economic Insights

The economics of COVID-19

Weekly Petrol Prices; Business Indicators; Credit; Inflation gauge; China data

 

 

10 mins read
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The importance of regularly revisiting risk with clients

The importance of regularly revisiting risk with clients

Determining a client’s risk tolerance is a crucial part of generating a risk profile. But this must be balanced against an acceptable level of risk for a return on their investments.

4 mins read
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Investment down, but not as bad as feared
Economic Insights

Investment down, but not as bad as feared

Business investment

10 mins read
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Netflix, Fitbits and 'Big Tech': the future of financial advice

Netflix, Fitbits and 'Big Tech': the future of financial advice

By 2030 the majority of financial advisers will offer goal-based advice spanning investment, protection, education, retirement and broader wellness, according to an influential report

4 mins read
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Why Australians are reconsidering their insurance options

Why Australians are reconsidering their insurance options

The COVID-19 pandemic has Australians experiencing a heightened awareness of their health and well-being. This makes it a good time to reassess their insurance needs.

4 mins read
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Job market continues to heal
Economic Insights

Job market continues to heal

Job vacancies

10 mins read
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The next normal: workplace flexibility in the post-pandemic age

The next normal: workplace flexibility in the post-pandemic age

As Australian companies shift their view of work from home as a stop-gap to something more permanent, one expert explains why trust and communication are the key ingredients.

5 mins read
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Record fall in retail spending
Economic Insights

Record fall in retail spending

Economic Perspectives

10 mins read
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Portfolio construction in uncertain times

Portfolio construction in uncertain times

Portfolio review and asset allocation are critical during heightened market volatility. And there are lessons to be learnt from how fund managers handle similar challenges.

5 mins read
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Financial Year Wrap 2019/2020

Financial Year Wrap 2019/2020

Comprehensive analysis of the 2019/20 financial year

1 min read
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ASIC and COVID-19: regulator updates priorities for 2020

ASIC and COVID-19: regulator updates priorities for 2020

ASIC wants financial advisers to meet both the challenges of COVID-19 and the needs of their clients. Here’s what the regulator is focusing on.

4 mins read
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JobKeeper extension; RBA stays the course
Economic Insights

JobKeeper extension; RBA stays the course

Reserve Bank Board minutes; Speech by Reserve Bank Governor

10 mins read
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Sydney petrol prices surge; Home sales rebound; Value of debit card purchases hits record high
Economic Insights

Sydney petrol prices surge; Home sales rebound; Value of debit card purchases hits record high

Weekly Petrol Prices; Tourism; Credit/debit cards; Home sales; COVID-19 survey

10 mins read
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How to structure a professional year

How to structure a professional year

New entrants to the financial advice industry will have their first 12 months mapped out by FASEA rules designed to ensure relevant skills are learned under close supervision.

5 mins read
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Aussies unleash spending power in record numbers
Economic Insights

Aussies unleash spending power in record numbers

Lending; Chinese inflation

10 mins read
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Helping clients deal with financial stress

Helping clients deal with financial stress

Supporting clients in the face of the COVID-19 pandemic is no easy task. But supporting them properly can mean addressing both emotional and financial stress.

5 mins read
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Consumer confidence hits 8-week low. Card spending lifts; Services sector setback
Economic Insights

Consumer confidence hits 8-week low. Card spending lifts; Services sector setback

Consumer confidence; Card Spending; Services gauge

10 mins read
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Helping your clients with financial decisions during market volatility

Helping your clients with financial decisions during market volatility

During times of crisis, it is important for financial advisers to be a voice of reason. As one expert notes, it is sometimes hardest getting clients to do nothing.

4 mins read
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Vehicle sales are on the road back. Record lift in retail spending.
Economic Insights

Vehicle sales are on the road back. Record lift in retail spending.

Retail trade; Car Sales; Purchasing manager surveys

10 mins read
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Trading in volatile times

Trading in volatile times

Times of volatility may call for revised trading strategies. This piece looks at areas where advisers can improve, especially when placing large trades in the marketplace.

4 mins read
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Wages index hits 6-week highs. Biggest fall in business loans in 9 years.
Economic Insights

Wages index hits 6-week highs. Biggest fall in business loans in 9 years.

Consumer confidence; Card Spending; Weekly payrolls; Private Sector Credit

10 mins read
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Succession planning: how best to pass the baton

Succession planning: how best to pass the baton

Business owners should have a succession strategy in place but effective transitions for advice practice principals are being complicated by several factors including COVID-19.

4 mins read
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Encouraging lift in spending and activity
Economic Insights

Encouraging lift in spending and activity

Consumer confidence; Credit Card Spending; Purchasing managers survey

10 mins read
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More job losses, but hopes for a rebound ahead
Economic Insights

More job losses, but hopes for a rebound ahead

Employment & unemployment across all states

10 mins read
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Navigating CPD and the FASEA exam during COVID-19

Navigating CPD and the FASEA exam during COVID-19

The COVID-19 business disruption has led to uncertainty around exam scheduling and CPD targets. We look at these educational issues and how to make the best of this difficult time.

4 mins read
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Record low tourist arrivals & international students & petrol prices lift the most in 6 months
Economic Insights

Record low tourist arrivals & international students & petrol prices lift the most in 6 months

Tourism, Chinese economic data, Weekly Petrol Prices and COVID-19 survey

10 mins read
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How to become a truly great collaborator

How to become a truly great collaborator

Working openly with others in a sharing culture to achieve better outcomes for the business has never been easier. Here are six actions to unlock the power of collaboration.

5 mins read
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Record monthly lift in business confidence & job advertisements lift
Economic Insights

Record monthly lift in business confidence & job advertisements lift

Business confidence, business conditions and job advertisements.

10 mins read
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Beyond COVID-19: key metrics and sectors to watch over 2020

Beyond COVID-19: key metrics and sectors to watch over 2020

CommSec Senior Economist Ryan Felsman considers how the recovery from COVID-19 will play out and picks the sectors most likely to thrive and flounder.

5 mins read
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COVID-19: Stimulus and re-opening of the economy
Economic Insights

COVID-19: Stimulus and re-opening of the economy

Economic trends: stimulus and support measures, JobKeeper and the re-booting of Australia

10 mins read
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What really happened to the job market in April?
Economic Insights

What really happened to the job market in April?

Unemployment rates, JobSeeker, JobKeeper and more.

10 mins read
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Life in lockdown: 10 tips for working from home

Life in lockdown: 10 tips for working from home

Financial advisers working remotely for long periods will need to be informed, prepared and resilient. An expert offers advice on dealing with this unprecedented disruption.

4 mins read
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COVID-19 causes record slide in jobs
Economic Insights

COVID-19 causes record slide in jobs

Unemployment rates and the reboot strategy

10 mins read
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Economic update: What advisers need to know

Economic update: What advisers need to know

In periods of market volatility it is vital that advisers keep clients focused on their plan. It is also a chance to reinforce why financial advice is integral to meeting long-term goals.

4 mins read
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Petrol prices lift the most in 12 weeks
Economic Insights

Petrol prices lift the most in 12 weeks

Weekly Petrol Prices; COVID-19 survey

10 mins read
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Change can start with the individual

Change can start with the individual

A great company culture can produce both an engaged workforce and a healthy bottom line. But everyone from the office assistant to the managing director needs to be involved.

3 mins read
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Rebooting the economy
Economic Insights

Rebooting the economy

Economic trends

10 mins read
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The sharing economy: will disrupted incumbents bounce back in 2020?

The sharing economy: will disrupted incumbents bounce back in 2020?

The sharing economy will continue to disrupt established businesses but CommSec Chief Equities Economist Craig James warns that incumbents are increasingly finding ways to fight back.

4 mins read
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Petrol prices near 16-year low
Economic Insights

Petrol prices near 16-year low

Adelaide, Brisbane and Sydney petrol prices lift 

10 mins read
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Cybersecurity: What you need to know

Cybersecurity: What you need to know

An expert analyses the three key trends he says will drive the evolution of cybersecurity in Australian financial services over the next 12 months. 

5 mins read
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Warehouse building boom; Job ads slide
Economic Insights

Warehouse building boom; Job ads slide

Building Approvals; Job ads; Inflation gauge

10 mins read
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How video adds another level of service

How video adds another level of service

Video can be a used as a powerful tool when face to face meetings are no longer an option. They can be used to introduce the adviser to new audiences, and to explain complicated concepts to their clients.

5 mins read
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Budget shows early effects of virus crisis
Economic Insights

Budget shows early effects of virus crisis

Monthly budget statement

 

10 mins read
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Where to be visible on social media

Where to be visible on social media

The proliferation of social media platforms means there are more options than you likely have time. Here’s how to determine where to best focus your efforts.

3 mins read
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Home sales hit 29-year lows; Accommodation costs fall the most in 18 years
Economic Insights

Home sales hit 29-year lows; Accommodation costs fall the most in 18 years

Home prices; Producer prices; Manufacturing; COVID-19 impact on households

10 mins read
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How to start a podcast (Part 2)

How to start a podcast (Part 2)

The second in a two-part series to help advisers start a podcast, in this episode we explore how to come up with great content.

3 mins read
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Highest headline inflation in 5½ years
Economic Insights

Highest headline inflation in 5½ years

Consumer price index; inflation, underlying measures and main changes.

10 mins read
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How to use social media to boost your digital brand

How to use social media to boost your digital brand

Do you really need an advertising budget or can you use social media to grow your digital brand and your business? 

3 mins read
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Record lift in retail sales; Job ads slide
Economic Insights

Record lift in retail sales; Job ads slide

Retail trade; Skilled job vacancies; New home sales

 

 

10 mins read
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How to start a podcast (Part 1)

How to start a podcast (Part 1)

The first in a two-part series to help advisers start a podcast, in this episode we explore the technical aspect.

4 mins read
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Confidence returning: Tracking COVID-19 impact
Economic Insights

Confidence returning: Tracking COVID-19 impact

This extract from the Economic Insights reports covers consumer confidence, household spending, RBA board minutes & payrolls.

10 mins read
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How to build resilience to boost well-being

How to build resilience to boost well-being

76% of workers struggle with their well-being. Knowing how to take care of your health will not just benefit you, but your company too.

4 mins read
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Australian governments respond to COVID-19
Economic Insights

Australian governments respond to COVID-19

It’s not easy keeping up with all the economic support spending unveiled by Australian governments in response to COVID-19. Here we attempt to document the spending.

10 mins read
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How to get client leads from video marketing

How to get client leads from video marketing

Understanding how to attract clients through video will help your business bloom

4 mins read
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COVID-19 belts business; Petrol price still sliding
Economic Insights

COVID-19 belts business; Petrol price still sliding

Weekly Petrol Prices; NAB Survey; Credit/debit cards

10 mins read
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Dealing with clients in personal and financial distress

Dealing with clients in personal and financial distress

Remaining focussed on the financial fallout is the best way to walk the fine line between adviser and mentor.

3 mins read
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Australia entered virus crisis in good shape
Economic Insights

Australia entered virus crisis in good shape

The Reserve Bank acknowledges the challenges posed by COVID-19 but indicates households, businesses and the financial system entered the crisis in good shape.

10 mins read
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A financial adviser's guide to email marketing

Financial adviser's guide to email marketing

Five ways financial advisers can improve their email marketing strategy.

3 mins read
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Reserve Bank waits with the world on COVID-19
Economic Insights

Reserve Bank waits with the world on COVID-19

The Reserve Bank has maintained its targets for the cash rate and 3-year government bond yield at 0.25 per cent (quarter of a per cent or 25 basis points).

10 mins read
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Dealing with setbacks: four ways to build resilience

Dealing with setbacks: four ways to build resilience

No matter how skilled you are, when not everything is in your control, things can sometimes go wrong. Here’s how to work through these roadblocks. 

3 mins read
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Aussie sharemarket: Where do we stand?
Economic Insights

Aussie sharemarket: Where do we stand?

Sharemarket update: Australian share market and long-term performance.

10 mins read
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Making flexible work realistic for financial advice practices

Making flexible work realistic for financial advice practices

Three ways to make flexible working arrangements realistic for financial advice practices. 

4 mins read
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Collaboration tools: a guide to better knowledge sharing

Collaboration tools: a guide to better knowledge sharing

With the benefits of knowledge sharing in the workplace well-documented and collaboration tools now quite sophisticated, is it time to review your practices?

4 mins read
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Virus crisis: "very material contraction"
Economic Insights

Virus crisis: "very material contraction"

Building Approvals; Reserve Bank Board minutes

10 mins read
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These financial advisers get their business through social media

These financial advisers get their business through social media

Clients are listening differently in 2018. One financial adviser now gets 70% of their business from Facebook. Another coordinates a whole team across LinkedIn. 

4 mins read
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COVID-19: Making sense of the economic impact
Economic Insights

COVID-19: Making sense of the economic impact

Economic and financial issues: Will the economy go ino recession? When will the sharemarket volatility stop? What will happen to property prices?

10 mins read
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Using Social Media

Using Social Media

While you may already have a LinkedIn profile, are you truly getting the most out of it?

In the first of a series of social media ‘how-to’ articles, we discuss how to use LinkedIn to promote your practice, and engage with potential and current clients.

3 mins read
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Investing when the market is volatile
Economic Insights

Investing when the market is volatile

Economic backdrop: Market volatility at record highs; what should investors look at in a volatile market; and keeping an eye on your portfolio

10 mins read
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