Robo-adviser waives fees to prevent market 'gambling'
8 May 2020 by Aleks Vickovich, AFR
Professional financial advisers play an important role in stopping consumers from engaging in this kind of reckless, short-term investing, but affordability of advice remains a major hurdle, Mr Garrett said. The average fees for profession...
How Westpac threw a spanner in the wealth-exit works
8 May 2020 by Aleks Vickovich, AFR
Panorama now sits just below Netwealth and Hub24 in third place for customer satisfaction in almost all categories, according to research house Adviser Ratings. It has performed even better in sentiment surveys by rival researcher Investme...
Beyond pricing: the real battle for platform supremacy
7 May 2020 by Tahn Sharpe, Professional Planner
“That was the next wave,” recalls Mark Hoven, chief executive at Adviser Ratings. “Having twin offerings based on functionality and price.” After BT moved on pricing its major competitors followed, including AMP’s MyNorth, MLC’s Masterkey ...
Advice fee capped at $300 for early super release
21 April 2020 by John Collett, Brisbane Times
Mark Hoven, chief executive of Adviser Ratings, which rates financial advisers, says some funds –including the country's largest, AustralianSuper, as well as CBUS and Sunsuper – have established relationships with financial planning firms,...
Inside H&R Block's plan to bring financial advice to the masses
17 April 2020 by Aleks Vickovich, AFR
For between $150 and $300, they can receive single-issue advice on topics such as retirement planning, life and risk insurance, superannuation or investing. Or they can access an 18-page retirement report, with no financial product recomme...
Planners, accountants resume hostilities as advice rules relaxed
15 April 2020 by Aleks Vickovich
Having widely canvassed opinion among licensed financial advisers since the announcement, Mark Hoven, chief executive of research house Adviser Ratings, said the mood was more cautious than the joint bodies' official response suggested. "...
Perfect storm: Australia's growing financial advice gap
1 April 2020 by Zilla Efrat, InTheBlack
According to Adviser Ratings, more than 4000 financial advisers left the sector in 2019, and this has resulted in the lowest number of advisers in Australia since December 2015.
NAB slashes financial adviser licence fees to zero
31 March 2020 by Aleks Vickovich, AFR
The relief measures could make MLC lose fee revenue of about $9 million, based on the estimate of average licence fees of between $45,000 and $50,000 a year charged by the large bank-owned wealth managers, according to data from research h...
Ausbiz prepping for late March launch with all-star finance team
9 March 2020 by Mediaweek
There will be additional distribution of ausbiz content via IRESS terminals, 7news.com.au, 7plus and Adviser Ratings. The market open and daily start-up show will be live streamed on Twitter.