Advice industry suffers shocking drop ahead of EOFY; Advisers mistakenly indicating lack of conflicts at licensees

Financial adviser losses this week are 10 times higher than those of the previous week, as many look to switch licensees before the end of the financial year.

Some 41 per cent of financial advisers believe they have no conflict of interest in their business, according to a compliance firm.

The Financial Advice Association Australia has detailed strategies that can improve advice efficiencies without the need for legislation.

The cost of running an ESG fund is on the rise, and firms and investors are in debate how much this extra cost should impact product costs.

The Responsible Investment Association Australasia has announced an upcoming adviser-focused course to launch next month about ESG integration in advice firms.

In an update to the case of managed fund Shield Master Fund, the Federal Court has appointed an independent party to have full control of its bank accounts and prevent the responsible entity from dealing in its assets.

In this week’s episode of Relative Return, host Laura Dew speaks with Jordan Cvetanovski, chairman and chief investment officer at Pella Funds Management, about running his own business, ESG, and global equities.