Compliance – Audit Scheduling

Audit Scheduling Did they get an audit when they were supposed to? As far as I am aware, there is no prescribed requirements for the monitoring and supervision of Advisers, particularly when it comes to the number of audits or the number of files per year. The industry average has been historically one audit per year, each containing three files. If there are problems perhaps those numbers increase. Whether or not this is appropriate is the decision of the compliance…

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Practice Management by the Numbers

You can’t manage what you can’t measure, this has been one of our key messages ever since we launched Business Health in 2000. And while a lot has happened since then, this message hasn’t changed – it simply makes good business sense in our view to know your key metrics, track them over time and to know how you compare in the marketplace. So, in an effort to contribute we thought we’d share with you our latest analysis of the key…

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Choosing the path that’s right for you – ten mistakes to avoid

It’s fair to say that there will be a good deal of soul searching, mirror gazing and earth moving in the world of financial advice over the next few+ months in Australia. And advisers, practices and licensees alike will be thinking very carefully about their options going forward – this is certainly their ‘where to from here’ time. The recently announced purchase of MLC by the IOOF Group is the latest in the long list of disruptions causing many to…

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