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What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... had added 219 advisers in just 12 months. 4. Westpac exits personal advice, restructures leadership Following on from our top story of the year, in mid-March Westpac announced it was exiting personal advice and bringing BT Financial Group back in-house. ...

ASX 200 hits female director target

ALLY SELBY  |  THURSDAY, 19 DEC 2019
... said. "We should recognise the commitment of community and business leaders to achieve this milestone and applaud Australia's top 100 listed companies for leading the way and surpassing 30%." Armour pushed for companies outside the ASX 200 to also commit ...

Tech to topple banking: RBA

ALLY SELBY  |  WEDNESDAY, 18 DEC 2019
Tech companies are poised to disrupt the dominant position of the big four banks on the financial system in the coming years. That's according to the RBA's head of financial stability Jonathan Kearns, who on Monday at the Australasian Finance and Banking ...

Time-poor advisers to embrace model portfolios

HARRISON WORLEY  |  WEDNESDAY, 18 DEC 2019
... regulatory requirements, portfolio management responsibilities and client-facing activities. Despite SSGA's research showing the top concern for Australian advisers is to earn and maintain client trust, client-facing tasks and the prospecting of new ...

Industry fund awards mandates

KANIKA SOOD  |  TUESDAY, 17 DEC 2019
... Management. All three allocations by themselves represent less than 1% of the fund's total assets, with room for ACSRF to top them up later. ACSRF's bond option, which is among the best performing bond superannuation fixed income offerings, is managed ...

Dealer group boosts compliance team

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2019
... demanding in the wake of the Hayne Royal Commission. Licensees have a duty to their authorised representatives to stay on top of the changes, and the only way to do that is to strengthen the compliance function," he said. "I'm really looking forward ...

Sam Henderson attempts to set record straight

ELIZABETH MCARTHUR  |  FRIDAY, 13 DEC 2019
Former financial adviser and TV show host Sam Henderson has spoken out for the first time since his Royal Commission appearance and subsequent ASIC ban, taking to the XY Adviser podcast to describe the impact events of the last 18 months have had on ...

Wealth manager launches new platform

ELIZA BAVIN  |  THURSDAY, 12 DEC 2019
A Tasmania-based wealth manager has announced the launch of a new managed fund platform and appointed a custodian. MyState's wealth management business, TPT Wealth, has launched a new platform to provide managed fund investors with national digital ...

AMP Capital commits more to Melbourne students

ALLY SELBY  |  WEDNESDAY, 11 DEC 2019
... feature co-working areas as well as space for commercial retail opportunities. Williams said the new precinct will prove to be top of the crop. "Melbourne Connect will be a world-class innovation precinct that will connect industry, government and leading ...

Thousands exit Westpac raise

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... bank in the days following eventually saw Hartzer step down from his role, with chief financial officer Peter King taking the top job in the interim as of December 2.