Chris Dastoor

The Principals’ Community has received legal advice that advisers accompany payment of Compensation Scheme of Last Resort levies with a "payment under protest and without prejudice" notation to avoid compromising any legal rights they may forego if they choose to take further action in future.

Evaluating the merits of an impact fund goes beyond relying on green scores and it’s important to review the underlying thesis behind how and why the strategy will make a positive difference in the world, researchers and advisers say. This is particularly the case when it comes to emerging investment themes like healthcare and AI.

90 per cent of practices are not implementing technology systems effectively, the latest Netwealth AdviceTech report has found. The research, unveiled at the Netwealth Accelerate Summit on Thursday, identified a best practice method that advice firms can replicate.

A structural change in private markets is the result of companies becoming less profitable after becoming listed, the Netwealth Accelerate Summit has heard creating a stronger value opportunity for investors looking to access the asset class. However, investors are yet to benefit from this due to barriers in the distribution of private market products.

Customer relationship management software choice is pivotal to building a tech stack – and not only is finding the right one essential – it should be adaptable to AI and automation to help drive future business efficiency, the Netwealth Accelerate Summit has heard.

The shortage of financial advisers with legacy retirement product knowledge could make it a challenge for Australians to exit legacy retirement products which updated Treasury rules have aimed to introduce.

The Financial Advice Association has called for stronger regulations to ensure only licensed professionals can provide aged care advice. The call backs a consultation paper by Aged Care Steps who earlier this year noted the “worrying trend” of unlicensed and unregulated businesses being able to deliver services in the space.

Two separate transactions in the high-net-worth financial advice sector have seen LGT Crestone acquire Commonwealth Bank’s private wealth arm while Evalesco will merge with Principal Edge.

An adviser-led petition is looking for support to revert a tax change that has been estimated to cost advised clients $250 million collectively. The petition, which aims to reinstate the previous ATO interpretation of Reduced Input Tax Credits on advice fees, has caught the eye of the opposition who will table it in Parliament.

Innovations in AI, automation and digital client engagement will transform the way advice practices work, whether it's through internal processes or how firms engage with their clients. This Professional Planner special report, in partnership with Netwealth, reflects on the impact of the Netwealth Accelerate Summit and explores how future-minded advice practices are harnessing technology for the efficient coordination and processing of information.