Five years ago, Australia had 28,000 financial advisers. Today there are 16,000. So where can you get financial advice? A new report offers a good answer – and it’s something I used to argue against.
Academic rigor, journalistic flair
Articles on financial advice
Displaying 1 - 20 of 26 articles
On Friday the government will receive a report likely to recommend a requirement for advice in a client’s “best interests” be replaced with a requirement to give mere “good advice”.
Lowering education standards for financial adviser will do nothing to give the community more confidence in the industry.
As a former financial counsellor and former consumer credit educator for ASIC, here’s what I think you need to know if you’re considering mortgage deferral, rent relief or bankruptcy.
The unintended loophole allows some people to keep their income and cut the tax rate on some of it to 15%.
Recent experimental results suggest that distortions in the perception of wealth are linked to fast, inattentive thinking.
The system brought in by the government to advise retirees since the 2015 reforms may actually be making things worse.
Research suggests that the reason people may put off funding their 401(k) plans or managing credit card debt is because our perception of finance as ‘cold’ conflicts with our hot-blooded emotions.
While codes of conduct in banking may help, the tsunami of financial regulation over the past few decades has swept aside much of the sense of personal accountability.
Research shows investors could have been misled just by the order of information in financial reports.
Robo-advice might prove most useful to those who need it the most, making them feel more competent and in control.
New research shows the harsh realities of getting by on a low income and highlights how help for those doing it tough needs to change.
The large banks and AMP will be required to fund the establishment of a new independent body to oversee the professional standing of the much-criticised financial services industry.
Financial reforms have given us a greater role in saving for retirement. Alas we’re not very good at it.
Business Briefing: trusting an algorithm with investment decisions.
The Conversation13.9 MB (download)
Financial advice was once the realm of bankers and brokers now startups are developing digital platforms to take advantage of how trusting we are of investment advice from computers.
The global scandal surrounding the release of the Panama papers and Malcolm Turnbull's criticism of Australian banks have put the spotlight on the often murky world of banking and finance.
The Turnbull government will ban businesses from charging consumers excessive surcharges on their credit cards, and move to inject more competition into the superannuation industry.
The cascade of woes that have befallen former NFL players has stunned fans and casual observers. Former NFL stars Junior Seau and Dave Duerson committed suicide. All-pro Warren Sapp went bankrupt after…
There’s no doubt incentives matter for financial advisers. If an employer pays a higher commission to an adviser for selling one product instead of another, it’s likely the commission-linked product will…
After a lot of un-edifying debate about particular proposals about financial advice we can now stand back and look at the sector with more calm. The fundamental problem is that it is very hard to give…
Top contributors
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Professorial Fellow, University of Canberra
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Teaching fellow, The University of Melbourne
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Professorial fellow, Monash University
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Principal Research Fellow, Research & Policy Centre, Brotherhood of St Laurence, and Honorary Principal Fellow, The University of Melbourne
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Economist, Data61, CSIRO
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Associate Professor - Department of Accounting and Corporate Governance, Macquarie University
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Professor of Public Policy & Law, Centre for Governance & Public Policy, Griffith University
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Senior Lecturer in Finance, University of Technology Sydney
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Vice Chancellor's Fellow at Victoria University and Adjunct Professor of Economics, Victoria University
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Senior Lecturer, TC Beirne School of Law, The University of Queensland
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Adjunct Professor of Law, Swinburne University of Technology
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Discipline Head of Finance and Financial Planning, Griffith University
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Professor of Applied Economics, Queensland University of Technology
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James Holstein is a Friend of The Conversation.
Professor of Sociology, Marquette University
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Social policy and consumer finance researcher, School of Economics, Finance and Marketing, University of Tasmania
