The latest issue of Financial Standard now available as an e-newspaper
Down but not out: Top advisers adaptBY ELIZABETH MCARTHUR | MONDAY, 26 AUG 2019 12:29PM
Latest figures from ASIC's Financial Adviser Register (FAR) paint a telling picture of the state of Australia's financial advice sector, with close to 3000 advisers dropping out of the industry since February.
Read more: Westpac, ASIC, Ferguson Financial Planning, Multiforte Kate McCallum, AFA Inspire, Affinia, Alex Dunnin, Apogee, Commonwealth Financial Planning, Count Financial, CountPlus, FASEA, Garvan, Godfrey Pembroke, Jeff Thurecht, Lifespan, Meritum, MLC Wealth, Paragem, Royal Commission, Securitor, Tracey Ferguson, Viridian
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Find out why 44% of advisers are using managed accounts
Australian Ethical introduced a new high conviction fund to wholesale clients, investing in a range of sectors including local healthcare, renewables and technology stocks within the S&P ASX 300.
The super industry is calling for mandated consistency on portfolio holdings disclosure after it was recommended the Future Fund be exempt from disclosing commercially sensitive information.
Capstone Financial Planning has revoked the authorisation of Mark Babbage, the Victorian financial adviser jailed for breaching Western Australia's strict border restrictions to attend the AFL Grand Final.
Ellerston Capital will terminate the Morphic Global Opportunities Fund later this month as a result of dwindling funds under management.
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