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Showing 1051 - 1060 of 5657 results for "Financial adviser"

Managed accounts dominated by SMAs

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
... meaning they can engage with them more easily." "Explosive growth in managed accounts combined with sustained financial adviser market compression suggests this trend of SMA dominance will continue." A Rainmaker Information statement said the rapid growth ...

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
Former Perth financial adviser Rahul Goel has been sentenced to three years in prison for stealing over $35,000 from his clients' superannuation accounts. An ASIC investigation into Goel's misconduct found that between November 2018 and July 2019, the ...

Vanguard veteran announces retirement

CASSANDRA BALDINI  |  THURSDAY, 15 DEC 2022
... head of retail. The investment giant said he was instrumental in building its retail business, including its financial adviser services unit that today services some 12,000 Australian advisers. Outside of his Vanguard tenure, Bowerman served on the board ...

ETF sentiment continues to grow: BetaShares

CASSANDRA BALDINI  |  WEDNESDAY, 14 DEC 2022
Australian investors continue to be attracted to ETFs, with 1.9 million including the investment vehicle in their portfolios. BetaShares 2022 Investment Trends ETF Report revealed ETFs have continued to prove popular with investors despite recent market ...

FPA, AFA merger talks continue

CASSANDRA BALDINI  |  WEDNESDAY, 14 DEC 2022
The proposed merger between the Financial Planning Association of Australia (FPA) and the Association of Financial Advisers (AFA) has entered into the second round of member consultation. Recently, members have been invited to complete a survey to help ...

PPS Mutual unveils new income protection product

CASSANDRA BALDINI  |  TUESDAY, 13 DEC 2022
PPS Mutual has launched a new income protection (IP) insurance product while bolstering its existing offering. The life insurer's new product, IP Prime 70, will allow professionals to cover up to 70% of their income, depending on their income level. ...

Lifespan welcomes markets veteran to investment committee

CHLOE WALKER  |  TUESDAY, 13 DEC 2022
The privately-owned financial advice network has appointed high profile financial markets veteran Jonathan Pain to the Lifespan Investment Committee. Pain brings over 38 years of international investment experience and has led investment teams in London ...

ASIC abandons $500k SMSF threshold

ANDREW MCKEAN  |  FRIDAY, 9 DEC 2022
ASIC has updated guidance on SMSF advice, deciding to remove $500,000 as an indicator of the "appropriateness of advice" to establish a SMSF. ASIC hasn't opted to nominate a minimum threshold but said fund expenses are proportionality higher, and net ...

PM Capital appoints distribution director

ELIZABETH FRY  |  FRIDAY, 9 DEC 2022
The former general manager of retail distribution at Challenger has taken on a new role at PM Capital. PM Capital has confirmed the appointment of Luke Cheetham as director of distribution. He will be responsible for the distribution of the firm's ...

Latest adviser exams see 57% pass rate

CASSANDRA BALDINI  |  FRIDAY, 9 DEC 2022
... analysis revealed by ASIC highlighted over 15,850 who passed are recorded as current financial advisers on ASIC's Financial Adviser Register (FAR), representing 99% of current advisers on the FAR. Over 2700 are ceased advisers on the FAR and may be re-authorised ...