ifa - News and Insight for Independent Financial Advisers
WEBHolistic advice growth stalls, but accounting model sees gains in 2024. Wealth Data has analysed the year-to-date shift in the number of financial advisers providing holistic advice.
Final determination on the tax deductibility of advice announced
WEB10 hours ago · The ATO's final determination confirms that financial advice fees for tax-related guidance are deductible under section 25-5 if provided by a Qualified Tax Relevant Provider (QTRP). However, it maintains that initial advice fees are considered capital expenses and are not deductible, while ongoing financial advice fees remain deductible.
Megafunds dominate super landscape, but are they too big to …
WEB10 hours ago · Australia is rapidly approaching a new era in its superannuation landscape, with five funds now classified as "megafunds," according to a new report. The country's two largest super funds, Australian Super and Australian Retirement Trust (ART), now command a quarter of the APRA-regulated market, …
News for financial planners and advisers - ifa
WEB5 days ago · News - Daily online news geared to helping Australia's financial planners and advisers drive business growth.
Soft skills crucial in new hires as wealth transfer commences
WEB10 hours ago · September 25, 2024 By Shy-ann Arkinstall. Soft skills are particularly important for up-and-coming advisers, as new challenges such as the wealth transfer approach, a panel of professionals said this week. Speaking at Striver’s Brimstone event in Sydney this week, BT senior national accounts manager Tonya …
Barriers continue to keep older Aussies away from ‘golden ticket ...
WEB10 hours ago · Barriers continue to keep older Aussies away from ‘golden ticket’ advice. While financial advice continues to be associated with positive outcomes for older Australians, new data has highlighted persistent concerns regarding the lack of appropriate support. With inflation pushing living costs higher, planning for the future continues to be ...
Jones supports Dixon inquiry as CSLR shapes up as election …
WEB1 day ago · Jones supports Dixon inquiry as CSLR shapes up as election battleground. Minister Jones is reportedly backing the inquiry into the Dixon collapse and the CSLR, with the FAAA indicating that the issue could become pivotal in the upcoming election. During a webinar hosted by the Financial Advice Association Australia (FAAA) on Tuesday, Phil ...
RBA makes latest rate call - ifa
WEB1 day ago · The central bank has announced its latest rate decision following a month of heightened speculation. The Reserve Bank (RBA) has not taken inspiration from the US Fed, announcing another hold on Tuesday amid an ongoing hawkish tone from the governor. The RBA left the cash rate unchanged at 4.35 per cent for the seventh consecutive time, noting ...
‘Opportunities are massive’: The case for entering advice
WEB1 day ago · news. September 24, 2024 By Keith Ford. Speaking to an audience of prospective advisers at a Striver Brimstone event in Sydney on Monday, Rachel Bell, training and relationship manager at Sustainable Life Solutions, said the pathway to owning your own advice firm can be an attractive option. “The opportunities for advice are massive.
FPA and AFA officially merge to become the FAAA - ifa
WEBApr 3, 2023 · The Financial Planning Association of Australia (FPA) and the Association of Financial Advisers (AFA) have legally completed their merger to form the Financial Advice Association Australia (FAAA). In a statement issued on Monday, the FPA and AFA confirmed that from 3 April 2023, their staff will come together as a …