The quintessential advice firm in 2024; AFSLs warned over increased scrutiny of privacy rules

Data from Adviser Ratings’ upcoming Advice Landscape Report has painted a picture of the average advice practice in 2024, including the profit margins and revenue of top-performing firms.

AFSLs need to be prepared for enhanced compliance requirements as new privacy rules will necessitate a thorough look at reviews and processes, especially under the threat of a tiered civil penalty system.

A group of licensees have put together a petition calling on the government to fix major issues around the CSLR levy and Delivering Better Financial Outcomes legislation.

ASX-listed Prime Financial Group has made two senior appointments of an independent non-executive director and a chief growth officer.

Elston Asset Management has bolstered its NSW and ACT distribution team with the appointment of a senior BDM, who previously worked at HUB24.

Allianz Retire+ has highlighted why financial advisers should become specialists in guaranteed lifetime income solutions, as well as attracting new clients and strengthening existing relationships.

The symbiotic relationship between financial advisers and ETFs has “never been clearer” as a rising number of advisers look to use them with clients rather than finding themselves usurped by them, writes Damon Riscalla.