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Showing 111 - 120 of 195 results for "Adviser numbers"

Financial advice drags BTFG results

KARREN VERGARA  |  MONDAY, 6 MAY 2019
... reprice certain platform fees ($8m) and discontinuing grandfathered commissions ($21m). As a result of a reduced adviser numbers and activity, advice revenue contributed lower to the bottom line of about $20 million. Total costs associated with restructuring ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... Australia's biggest financial advice licensees following an investigation sparked by phenomenal growth in adviser numbers in just six months. SMSF Advisers Network has had additional licence conditions imposed after ASIC surveillance spurred concerns ...

Grandfathered commissions deadline challenging: AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
... day-to-day. This is not about putting people out of business." In isolation, the reform won't have a huge impact on adviser numbers or the number of advice businesses being sold but it remains a consideration, he said. "On average, in terms of our members ...

More than half of advisers without association membership

JAMIE WILLIAMSON  |  THURSDAY, 8 NOV 2018
... bodies are in reality niche associations heavily reliant on a primary AFSL contributing a large portion of their adviser numbers, Rainmaker said. For instance, a majority of the AIOFP's membership is licensed by Interprac Financial Planning and the majority ...

IOOF completes ANZ dealer group acquisitions

HARRISON WORLEY  |  TUESDAY, 2 OCT 2018
... acquisitions would position it to be the second largest advice business in Australia by funds under advice and adviser numbers. Commenting at the time, IOOF managing director Christopher Kelaher said: "We have a proven track record in realising significant ...

BT Financial Group proposes advice restructure

JAMIE WILLIAMSON  |  FRIDAY, 7 SEP 2018
... remain unchanged; however regional, senior and operations managers will be impacted to reflect the reduction in adviser numbers. The number of support roles within the business will also be reduced. BT Advice has commenced a consultation period with ...

AFA gets an audience with O'Dwyer

HARRISON WORLEY  |  FRIDAY, 10 AUG 2018
... approach needed to be sensible, saying the "whole process needs to be about raising standards, not about reducing adviser numbers." Separately, the association said last month the ongoing debate around the removal of grandfathered commissions was an ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... her testimony. Senior Counsel Assisting Michael Hodge pursued a line of questioning that revealed CBA slashed adviser numbers even as it grew its client base.The bank took two years to notify ASIC that its financial advisers were failing to meet ongoing ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... ASIC its financial advisers were failing to meet ongoing service obligations - all during a time when it slashed adviser numbers and doubled its client base. This is according to CBA executive general manager of the private banking division Marianne ...

Insto licensees still bleeding talent

ALEX BURKE  |  WEDNESDAY, 18 APR 2018
... non-institutional licensees increased by 11.9% in the 12 months to December 2017, while institutionally-owned licensees saw adviser numbers fall by 4.4%. A new Rainmaker report explains that the number of registered advisers in its research scope increased ...