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Showing 11 - 20 of 221 results for "New Adviser"

Legal costs weigh on AMP profits

JAMIE WILLIAMSON  |  THURSDAY, 7 AUG 2025
Costs associated with remediation and its simplification strategy put a slight dent in AMP's half-year net profits, coming in at $98 million. Released this morning, AMP's results show a 5% drop in interim net profit, largely attributed to $11 ...

WT Financial's Investco makes acquisition

ELIZA BAVIN  |  THURSDAY, 7 AUG 2025
The joint venture between WT Financial (WTL) and Merchant Wealth - Investco - has announced a fresh acquisition and the establishment of its second "Hubco". Titan Advice Group (TAG) - which was formed as the first Hubco in April - has announced the ...

Picture Wealth named fastest-growing planner: report

MICHELLE BALTAZAR  |  THURSDAY, 24 JUL 2025
A financial planning group that began life as a fintech start-up is enjoying a rapid growth phase. Picture Wealth Advisory leads the top 10 AFSLs with the highest number of new advisers in the year to June, based on a new financial adviser report released ...

One third of advisers use 'Big 3' platforms: Rainmaker

KARREN VERGARA  |  THURSDAY, 24 JUL 2025
... 4%), Centrepoint Alliance and Morgans Financial (both up 1%). Interprac Financial Planning had the largest number of new adviser registrations of 51. Alliance Wealth registered 42 advisers, while Charter Financial Planning added 33 new ones. All in all ...

Netwealth sees $15.8bn in net flows

ELIZA BAVIN  |  THURSDAY, 10 JUL 2025
Netwealth has reported a $24.8 billion increase in total funds under administration (FUA), including a record $15.8 billion in FUA net flows. Total FUA at 30 June 2025 was at $112.8 billion, and increase of $8.7 billion for the quarter, including $3.8 ...

AMP shareholders approve executive pay

KARREN VERGARA  |  MONDAY, 14 APR 2025
AMP shareholders overwhelmingly approved the 2025 remuneration and chief executive Alexis George's long-term incentives after the company rejigged its remuneration framework. Shareholders voted in favour of adopting the remuneration report at 93.2% ...

Netwealth, Praemium see inflows soar

ELIZA BAVIN  |  THURSDAY, 23 JAN 2025
... conversion rates from the company's new business pipeline across all client groups and segments," Netwealth said. "New adviser and licensee relationships have significantly expanded our new business pipeline. While we expect Q3 FY2025 flows to be ...

CFS, Viridian Advisory launch low-cost advice deal

KARREN VERGARA  |  MONDAY, 4 NOV 2024
Colonial First State (CFS) and Viridian Advisory have teamed up to offer a low-cost version of financial advice that starts at $500. The arrangement, available to CFS FirstChoice superannuation, pension, and investment clients, enables those who do ...

Medium-sized advice firms flourish: Research

KARREN VERGARA  |  THURSDAY, 24 OCT 2024
Financial advice firms with 51 to 100 advisers are the fastest-growing cohort in the past year, new Rainmaker Information research shows. This group saw adviser numbers increase in aggregate by 8% in the 12 months to September. Conversely, groups with ...

Netwealth FUA nears $90bn

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... up 18.9%, while statutory net profit after tax rose 24.1% to $83.4 million. "We have expanded and strengthened our new adviser and licensee relationships, plus our new business pipeline including conversion rates, remains very strong across all segments," ...