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| | | ... ongoing, including two shareholder class actions, two in relation to superannuation products, two related to financial advice as well as a class action which commenced in New Zealand. "The board continues to monitor each of these proceedings and investigations," ... |
| | | | The financial advice sector could see the number of registered advisers sink to 11,000 and as low as 5500 in 20 years' time, Rainmaker Information predicts. These are some of the scenarios forecasted in the Rainmaker Adviser report. A more optimistic ... |
| | | | ... paying $2 million. Some 75 wealth and personal risk insurance practices joined WTL, adding about $5 billion to funds under advice (FUA). The WTL advice networks, which also comprises Wealth Today, Sentry Advice, Synchron Advice, had more than $23 billion ... |
| | | | ... management, with the majority based on its Expand platform. The new options allow advisers to continue using SMAs to enhance advice offerings and "efficiently provide high quality investment solutions for clients." "These additional SMAs from leading ... |
| | | | A mixture of inflows and market rally helped boost Netwealth's funds under advice (FUA), jumping 25.2% to $88 billion in the year to June. The growth comprised net inflows of $11.2 billion and market movement of $6.5 billion, buoyed by the 143,251 ... |
| | | | ... insurers last year. However, the report highlighted that there was a "clear need" for accessible and reliable financial advice to address the growing underinsurance problem which reportedly leaves 3.4 million people with inadequate protection in critical ... |
| | | | ... are: Class Order [CO 14/923] Record-keeping obligations for Australian financial services licensees when giving personal advice ; ASIC Corporations and Credit (Breach Reporting-Reportable Situations) Instrument 2021/716 ; and ASIC Credit (Breach Reporting-Prescribed ... |
| | | | Iress, the advice software provider, has appointed a new executive to run its superannuation business, hiring from Insignia Financial. Sam Wall has over 25 years' experience in superannuation, investments, wealth and insurance, leading teams across ... |
| | | | Financial Advice Association Australia (FAAA) general manager policy, advocacy and standards Phil Anderson has outlined the industry's biggest gripes with the collapse of Dixon Advisory and how it has been handled. Anderson said he is angry about the ... |
| | | | ... further due diligence. This includes delving deeper into any potential merger partner's products, services (including advice services), culture, insurances, and investment strategy," TelstraSuper said. "Our members' best financial interests are ... |
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