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Showing 331 - 340 of 829 results for "Advice Business"

ETF investing at record highs: Report

ELIZA BAVIN  |  THURSDAY, 5 DEC 2019
... unprecedented regulatory scrutiny on their practices, financial advisers are increasingly adopting ETFs within their advice business," Vynokur said. The report found the number of SMSFs using ETFs has also grown, up 6% since 2018 to a total of 135,000 ...

FASEA under pressure on managed accounts

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 DEC 2019
... example to FASEA as a means of seeking clarity on the issue. IMAP sent an example to FASEA which runs through an advice business with its own AFSL, a broad approved product list and over 1000 clients which began offering multi asset class, multi manager ...

Advisers serious about licensee due diligence

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2019
Financial advisers are now meeting with as many as 10 licensees before choosing a new home. This is according to HUB24 dealer group Paragem, which said advisers have doubled down on due diligence when it comes to selecting a new licensee, interviewing ...

New advice groups detrimental to consumers

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
... Bloch, the system in Australia is too constrained to allow for the same outcome. "I'm not quite sure the digital advice business has evolved as it has in the US and certainly to the extent that customers would want to buy that advice," Bloch said. "It ...

CBA wealth boss to exit

KANIKA SOOD  |  WEDNESDAY, 13 NOV 2019
The chief executive of NewCo is set to exit among other changes to Commonwealth Bank's group executive lineup. Jason Yetton will depart in early January 2020 after just over 12 months in the role. To date, Yetton oversaw the divestment of Count ...

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... House of Representatives Standing Committee on Economics Hartzer also said he regrets having to exit the financial advice business. "We concluded that it was uneconomic to meet all the compliance around it and earn a reasonable return. I regret that," ...

Adviser moves show industry upheaval

ELIZABETH MCARTHUR  |  TUESDAY, 5 NOV 2019
... spectrum, Bendigo Financial Planning shut down during the period. IOOF-owned Bridges acquired the Bendigo Bank advice business in April as part of a $3 million transaction that was estimated to move approximately $1 billion in funds under management ...

Macquarie wealth fees income down 14%

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
... fees fell 14% in the six months to September end compared to the same period last year, while the bank pivots its advice business to focus on high-net-worth clients. Macquarie collected $144 million in fees in its wealth management business in the first ...

RI Advice faces ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2019
... the worst possible rating. The result was so significant that it skewed the audit results across the entire RI Advice business, the case study reads. During the audit it was found Doyle was recommending products that weren't listed on RI Advice's ...

AMP extends adviser deadline

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... will likely be filed before year end. Following on from AMP's decision earlier this year to restructure its advice business and slash Buyer of Last Resort (BOLR) multiples, financial advisers who were given their notice by the institution have been ...