Editor's Choice
Mercer rolls out new corporate super plan
|Mercer Super has launched a new corporate superannuation plan for employers of all sizes called Mercer Business Super.
Australian Retirement Trust applies new investment exclusion
|The mega super fund has added to its list of exclusions, to come into effect from July 1.
Insignia FUM grows by $11bn, completes platform migration
|Insignia Financial has given a quarterly business update, seeing funds under management grow 3.9% to $312.3 billion.
Former Diverger managing director joins VBP
|David Carney is stepping back from managing Vital Business Partners (VBP), appointing Nathan Jacobsen to take over as chief executive.
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
The merger does not magically create an independent group. It is just not owned by one of the big four banks.
In many ways these mergers create even more problems for the consumer as CEO's can talk about "maintaining independence" and "letting the adviser flourish", under a banner that looks no different to the genuine intermediaries.
And mergers and acquisition firms who are not sure if a firm is independent or not perhaps should not comment at all. No good for the reputation showing that lack of knowledge
Would love to see ASIC comment on the statements made by this group
In my view, independent advice is not what SFG currently offer anyway. The advisers within this group have very little flexibility at all and are almost forced to use their own in-house products. If anything there is less independence in this group than is offered by the big 4.