Will banks return to wealth management?

There is an estimated $3.7 trillion opportunity for the big four banks to return to wealth management and with the Quality of Advice Review focusing on digital advice, the temptation could be too big for banks to resist.

A new report evaluating advisers’ attitudes and use of managed accounts has highlighted its sustained popularity, with ETFs among the most popular products in these portfolios.

AFA national president Sam Perera has announced he will not be joining the board of the newly formed Financial Advice Association Australia.

New research has found that women want to support and be supported by other women when it comes to their finances, emphasising the importance of diversity in financial advice.

The fund manager has launched a new service with a range of tools, content, and information to support financial advisers and planners with business growth and client servicing.

The cloud-based technology platform for advisers has ramped up local operations, hiring two business development managers to drive its ongoing expansion.

Whilst digitally enhanced advice seems inevitable following the final QOA report, industry members still debate the extent of its effectiveness.