Based on research and insights from Business Health and IMAP, Colonial First State’s new white paper Managed accounts: Building your future business, presents a multi-faceted analysis of the impact of managed accounts within advice practices.

While many Australians enjoy comparatively high wealth, according to global standards, the average level of financial wellbeing for Australians is low.

More than 1.6 million Australians are affected by financial abuse each year and people over the age of 50 and the elderly are particularly at risk. By understanding the warning signs of elder financial abuse and preparing your clients for the future, you can help them protect their financial assets.

Did you know that 52% of businesses experienced at least one cybercrime incident last year? And it’s becoming more prevalent in the financial services industry. It’s a worrying trend that could have severe financial and reputational repercussions for any advice practices caught up in a fraudulent transaction.