Month: May 2022

InFocus: Cracking down on finfluencers

In a much-needed information sheet this month, the Australian Securities and Investments Commission finally issued guidance for ‘finfluencers’ and for licensees who worked with them. The industry had previously called for more guidance and information on what finfluencers needed to consider and the regulator listened, warning they could end up in jail or fined if…
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Using portfolio compliance as a tool to demonstrate the value of advice to your clients

As we lament the challenges of dealing with both the increased regulatory burden of delivering advice and demonstrating the value of advice in a ‘fee for service’ world, is there an opportunity wealth management firms are missing? At Financial Simplicity, we believe that by taking a more client centric and strategic compliance approach to portfolio…
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