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Showing 301 - 310 of 819 results for "Advice Business"

Iress swoops on UK pension researcher

HARRISON WORLEY  |  WEDNESDAY, 18 MAR 2020
Financial services software provider Iress picked up a UK-based investment and pension research software provider boasting over 2000 clients. Iress has acquired the UK's O&M Systems, an investment and pension research software provider with more than ...

Bridges acquires bank advice business

JAMIE WILLIAMSON  |  THURSDAY, 12 MAR 2020
... will sell its financial planning business to Bridges, effective May 1. The sale sees Bridges take over IMB's advice business assets and provide ongoing advice services to IMB members through an exclusive referral arrangement. All IMB clients will ...

MLC Asset Management appoints fixed income head

KANIKA SOOD  |  THURSDAY, 12 MAR 2020
NAB's MLC Asset Management has named a new head for its Antares fixed income business, with the outgoing head to stay with the business. Mark Kiely will move into the role at end of this month. Outgoing head of Antares fixed income Ken Hyman will ...

ANZ wealth exit sees hundreds of jobs go

ELIZABETH MCARTHUR  |  MONDAY, 9 MAR 2020
The Financial Services Union has lashed out at ANZ for plans to cut 230 jobs from its private bank and financial advice businesses. The FSU said that in a memo, ANZ told staff that it was committed to helping rebuild trust in the financial advice industry. ...

IOOF restructures leadership team

HARRISON WORLEY  |  MONDAY, 2 MAR 2020
... enterprise," he said. The IOOF chief said new chief advice officer Whereat would continue to be responsible for the advice business in his new role, but with an expanded focus on how advice will play a central role in the wealth manager's future, adding ...

Industry-made retirement models are self-serving: SCA

ELIZA BAVIN  |  MONDAY, 2 MAR 2020
... of conflicted advice, there are still serious risks for consumers due to inherent conflicts within many of the advice business models," the submission said. "Tinkering with existing advice models will not overcome these failings. We need a bigger solution. ...

Evans Dixon slashes staff

ALLY SELBY  |  THURSDAY, 27 FEB 2020
... underlying earnings were down 22% for the half-year to $20.8 million. The firm cut 14% of its staff in its wealth advice business, 5% of its E&P business, 20% of its Australian funds management business and 47% of its US team in funds management. The ...

Freedom Insurance appoints liquidators

KANIKA SOOD  |  MONDAY, 24 FEB 2020
The troubled insurer has voluntarily appointed liquidators, who have received resignations from Pauline Vamos and two other directors. Wested Advisors' Joseph Hayes and Andrew McCabe were appointed as liquidators, according to an ASX announcement ...

Count Financial treads new path

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2020
Count Financial is preparing for a rough couple of years as it transitions to a new pricing model. That said, the amount of advice being produced by the licensee has more than doubled despite losing 26% of its advisers. In its 1H20 results announcement ...

IOOF profits fall 39%, advice margins drop

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... fell to $26.4 million, from $27.7 million in previous hall and $30.5 million in first half of FY19. The financial advice business' gross margins were 5bps lower over first half of FY19 (0.36% to 0.31%). IOOF attributed the compression in advice segment's ...