Entries by Radar Results

Valuation changes

Radar Results has seen a decrease in requests for valuations on financial planning practices; however, it’s interesting to note an increase in valuations for divorce and property settlements. Before the GFC, most valuations were for finance applications, or for the lender to check on the equity-to-loan ratio. These days, very few are for this reason. […]

Advisers will pay price for fiduciary duty reforms

Fiduciary duty ‘beefed up’   Fines for financial advisers breaching their fiduciary duty could increase dramatically, moving the current maximum fine of $500 up to $200,000 when new legislation is introduced next month. The Government wishes to amend the Corporations Act to explicitly include a statutory fiduciary duty for financial advisers operating under an AFSL, requiring […]

The Results – Radar’s Survey

Financial Planners and the Future of Financial Advice Reforms Consultancy firm, Radar Results, has done a survey of financial planners, to gain feedback on the Future of Financial Advice Reforms, which are expected to be implemented in July 2012. The survey required answers to questions about the adviser’s gender, age and whether they own the […]

Can you sell a volume bonus?

Consulting firm Radar Results (Radar) has provided valuations to the financial planning industry for many years. It became apparent volume bonuses were to be securitized by the government as being an incentive paid by the product provider to attract funds under management (FUM) and hence, may be banned. The latest Financial Services Reform paper released […]

1 in 4 Planners to leave – Radar’s poll results over 700 responses

After Chris Bowen announced on 26 April 2010 new legislation will be introduced affecting commissions, trails, review fees, volume bonuses and upfront fees, Radar Results conducted a poll. Radar Results polled financial planners and other financial service industry people asking “How will Chris Bowen’s new laws (2012) affect your business plans?” We received 732 responses […]

Government’s Future of Financial Advice Reforms Paper

     Office of the Hon Chris Bowen MP          Minister for Human Services Minister for Financial Services, Superannuation                and Corporate Law THE FUTURE OF FINANCIAL ADVICE INFORMATION PACK MONDAY 26 APRIL 2010 To access the Government’s Future of Financial Advice reforms paper. Click on the below link http://ministers.treasury.gov.au/Ministers/ceba/Content/pressreleases/2010/attachments/036/Future_of_Financial_Advice_Information_Pack.pdf Message from the Minister The Government […]

Planning Practices Sales Up

Consulting firm, Radar Results is seeing more sellers of financial practices come to market, particularly larger sized firms.  John Birt, Managing Director for Radar Results said “Currently our clients are looking at purchasing 10 planning practices which should sell for at least $5 million. We have found 5 of these practices since December 2009. ” […]