Salaries taking up almost half of advice firm revenues; Cash is king for practice buyers

Money Management Breaking News

If you are unable to see the message below, click here to view online

11 Mar 2024

Latest News Financial Planning Salaries taking up almost half of advice firm revenues Advice practices say salaries are taking up almost half of their revenue as the battle for talent heats up in an environment of adviser shortage, according to Business Health and the FAAA. Read More Financial Planning Cash is king for practice buyers Almost half of financial services businesses are being sold for cash with sales of up to $8 million, significantly reducing the time taken for parties to transact. Read More Promoted Content Looking for the best cash and FX rates for your clients? FinClearOne part of the FinClear Group, provides market leading cash and currency management solutions for advisers and their clients. Financial Planning How much would unadvised Aussies pay for advice? Investment Trends has uncovered the amount of money unadvised Australians are prepared to pay for financial advice, with 1.3 million individuals planning to see an adviser in the next two years. Read More Funds Management Platinum reports largest net outflows for six months Hot on the heels of announcing its turnaround strategy, Platinum Asset Management has shared its latest funds under management figures, reporting its largest outflows for six months. Read More People & Products Calastone appoints former Bravura CEO for tech role Former Bravura chief executive, Nicholas Parsons, has taken up a new role at funds network Calastone as it looks to bring a digital investment strategy to market. Read More Financial Planning Consultation opens on super performance test design Treasurer Jim Chalmers has opened a consultation into the design of the annual superannuation performance test, canvassing views on a range of reform options. Read More Feature Features Culture is king: Retaining PY talent in advice Retaining new entrants in the advice industry as they complete their Professional Year is a key focus for advice firms in 2024, with younger generations increasingly valuing workplace culture more than ever. Read More

© 2024 Money Management. All Rights Reserved. You have received this email because you have subscribed to Money Management or a Momentum Media publication. This email has been sent automatically and you cannot reply to it. If you have any questions please contact us directly. You are subscribed to our Bulletin service with this email almirkardas.money@blogger.com. The contents of this newsletter are purely for your information. Click here to read our disclaimer. Click here to update your email receiving preferences. Click here to remove yourself from this list or call us on 02 9922 3300.