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Advice firm acquires $1bn accountancy businessBY LAURA MILLAN | MONDAY, 15 JUN 2015 12:05PM
Aura Group has acquired a majority stake in Accountable Financial Group (AFG), an accountancy firm with a focus on self-managed super funds (SMSFs) and just under $1 billion in assets under advice.Read more: AFG, Aura Group, Accountable Financial Group, Calvin Ng, Tony Zulli, Advice firm, AFG services, Financial Planning, July 1
Australian super funds growing their in-house asset management teams is having a positive impact on gender equality in investment management, with more women wanting to work with profit-to-member funds than other funds management firms.
AvSuper today advised it has invited a select number of super funds to discuss a potential merger, having determined it would be in the best interests of members to do so.
Fresh proposals from the Australian Law Reform Commission aim to simplify several complex areas of financial advice legislation.
The last sitting day for parliament this year has come and gone without progressing legislation designed to make sure those earning less than $450 a month are paid super.
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