Run a smarter advice practice with insights from the industry's best.
This report, developed in partnership with Business Health, represents the most detailed and up-to-date picture of Australian advice remuneration and compensation currently available on the market. The last time this research was conducted was in 2023, and it’s clear that two years can make a world of difference in such a…
Every week there’s something new. A new AI tool. A new platform. A new way to work faster, cheaper, better. And the pressure is real. Your competitors are adopting it. Your team wants to try it. Vendors are promising efficiency gains. So the question becomes… should we use it? Not “is it exciting?” Not “is everyone else…
Most advisers I speak to are undercharging for advice. Usually, the problem is not the number itself. It is that advisers are still pricing around the SOA, rather than the full advice experience. And those are two very different things. An SOA is important, of course. But it is really a point-in-time document. In many…
I have used Xplan throughout my entire career as an adviser and, to be honest, I didn’t like it for a long time. It wasn’t until I took ownership of the software and invested the time it deserved that our business truly began to reap the benefits. For a long time I held the mistaken belief that our licensee ran and…
I was working with a large, fairly progressive advice practice recently. The kind that most would look at and think, “they’ve nailed it.” They’ve invested heavily in technology. They even have a full-time developer whose sole role is to build tools the leadership team wants and roll them out across the business. On paper,…
The Minister for Financial Services has said it plainly. DBFO reforms remain a priority, but Shield and First Guardian have made the environment "more complex," and there are no firm timelines for Tranche 2. In other words, don’t hold your breath; you might be waiting a while. The proposed new class of adviser may not…
The first thing you should know about Advisely's expedition to Perth's FAAA Congress is that we had a sexy elevator. It wasn't sexy at first. When it shuddered to life, you’d hear a mechanical scream. But once you reached your hotel floor, a beautiful – barely intelligible, but beautiful – voice emerged from the din.…
I broke up with Xplan. I was done. Too many things needed to change in the relationship, and there was too little time for those changes to happen. But then, after a period of seeing other software, we got back together. Watch the video below to find out how the love affair was rekindled.
The majority (63%) of Australians under 40 are open to financial advice delivered through digital channels and hybrid models – and employers may be the quickest route to accessing these customers. Per the The Big Lift report, developed by Deloitte Access Economics in collaboration with Iress, "there is a disconnect between…
The FAAA Congress has come around again – only this year, things seem different. Maybe it’s the heat or it’s just the end of the year, but something’s missing. Advisers moved through the Perth Convention and Exhibition Centre, refueling on fresh juice and whatever merch would fit in their branded tote bags. There was much…
There is an amazing opportunity for progressive businesses and leaders to make a significant positive impact on those we work with and or those that we employ. For those who know me or have worked alongside me, you’re well aware that I am a passionate advocate for improving financial education and supporting behavioural…
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Did you know that with a bit of TLC, your datafeeds can become your competitive advantage rather than your nemesis? And it all begins with appointing a dedicated Datafeed Administrator. Most of us want datafeeds to be "set and forget" but they need regular attention to stay accurate. When each adviser tries to manage their…
Did you know you can "unbundle" SMA holdings within your WealthSolver scenarios to show the underlying investments instead of just a single line item? Why? Separately Managed Accounts (SMAs) are great for efficiency, but sometimes a client wants to see exactly what they own, or you need to demonstrate the granular asset…
Did you know you can see your IPS investment recommendations (Buy, Sell, Hold) directly within WealthSolver when you’re building a portfolio? Why? If your practice uses the Investment Policy Statement (IPS) to manage an approved product list or model portfolios, navigating back and forth between Research and WealthSolver…
Did you know you can instantly validate insurance premiums and generate insurer quotes directly from Risk Researcher without manually re-keying data into external provider portals? Why? A common pain point for paraplanners is the time spent generating quotes across multiple systems. Discrepancies usually happen when you…
Did you know the Datafeed Reconciliation Summary screen now allows you to select multiple rows and mark them as "do not report" all at once? If you manage datafeeds, you’ll know the tedium of clicking through individual positions and confirming each one is safe to set as "do not report. Previously, Xplan only let you mark…
Did you know you can configure the star ratings in WealthSolver to reflect the specific product features your practice values most? Why? By default, the research data in WealthSolver is strictly factual and impartial. It doesn't offer a subjective opinion on the quality of a platform or fund. However, many site admins…
Did you know you can use the Life Risk Calculator in meetings with your clients and pull real-world actuarial data into your client presentations and SOAs to demonstrate the importance of personal insurance? Why? We often hear from advisers that explaining the "why" behind personal insurance can feel a bit abstract or even…
Did you know you can configure the specific fields that appear when you click through to see more information on an Asset, Liability, Existing Fund, Annuity or Insurance record from the Net Position screen, a dashboard widget or the "View Source" option from an income or expense record? Clicking through from the net…
Did you know you can run a dedicated "Check Compliance" report against your WealthSolver scenarios to catch red flags and data errors before they ever reach your advice document? With a single click, the report checks your scenario for products without an asset allocation or balance discrepancies, closed investment…
Did you know you can stop manually comparing funds and let Xplan’s "Automatic Plan Review" do it for you based on your firm’s approved product list? Why? Kill the "Comparison Fatigue": Instead of manually adding products and selecting model portfolios for every rollover scenario, the system automatically checks the…
Everything you need to know about running a successful back-office.
How to create outstanding experiences that build trust and loyalty.
Advice practices share what they’re doing to achieve success in their business.
Industry insights on the changing landscape and future of advice.
