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Showing 101 - 110 of 829 results for "Advice Business"

Clime posts $3.8m loss

ANDREW MCKEAN  |  FRIDAY, 30 AUG 2024
... with licensing financial advisers, which increased business risk without benefiting its wealth management and advice business. He added that the licensing business had stagnated inside a financial market that was declining under the weight of regulation ...

Sequoia ends FY24 with 350 advisers

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... accountants using our legal and document business has been very high," Crole said. Crole added the growth in the advice business was organic as adviser income was supported by the move from commissions to annual fees, increase of clients per adviser ...

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... However, the group said it remains cautious about platform flows due to several one-offs on the horizon. As for the advice business, revenues increased 0.5% because of new client growth and improved retention in Bridges. It also came as the group focused ...

RI Toowoomba eyes regional market

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
RI Toowoomba has acquired a risk advice business as it flags bold ambitions to acquire four more regional practices before the end of the year. RI Toowoomba, which is part of the AZ NGA stable, has recently taken over Lifecover Australia, a risk-only ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... services business to Entireti and AZ NGA and offload its minority stakes in 16 individual practices. It comes as the advice business reports a net loss of $15 million. Entireti, formerly Fortnum Private Wealth, and AZ NGA will pay $10.2 million to acquire ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
The first tranche of the Delivering Better Financial Outcomes (DBFO) legislation passed both the upper and lower houses yesterday. Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill aims to reduce red tape for financial ...

Key advice executive leaves Aware Super

JAMIE WILLIAMSON  |  MONDAY, 1 JUL 2024
... counsel, we've integrated our advice team and offering into a consolidated member engagement, education and advice business to the benefit of our 1.1 million members." "Sarah has also led her teams with a deep understanding of the importance of delivering ...

New recruits top advice industry priority: FAAA

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... persist in lobbying against substantial costs the government imposes on advice practices. The cost of operating an advice business only continues to skyrocket, not only from layers of red tape but exorbitant levies advisers are forced to pay. The Compensation ...

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
The Super Members Council (SMC) has revived its predecessor's calls to extend anti-hawking legislation, slamming a sub-set of financial advisers using social media posts and cold calling to drum up business. Prior to its merger, the Australian Institute ...

Market pessimism over Insignia 'overblown'

ELIZA BAVIN  |  WEDNESDAY, 29 MAY 2024
... features and lower fees is growing. Its platform market share looks to be steadying from consecutive declines. The advice business achieved EBITDA profitability in first half fiscal 2024 after five halves of losses," Ler said. "The odds of multiple expansion ...