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Treasury responds to Debelle's review into the AOFM
|Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.
Bravura ups guidance, reports earnings increase
|Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.
MaxCap hires from Vanguard, AustralianSuper
|MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.
Zenith snags mandate from Granite Bay
|Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.
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Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara 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.