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Showing 461 - 470 of 4377 results for "Financial Advice"

Advisers shun major institutions, 500 exit: Rainmaker

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... exacerbated by the banking sector's exit from financial planning," the report said. Insignia is the largest financial advice brand with 1159 registered advisers, down 128 from last year. AMP sits second place with 927, down by 59 since June 2023. ...

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... the opportunity and potential growth of the lifetime annuities market as we continue to invest and educate the financial advice market to the new era of investment linked lifetime annuities and how this will lead to better retirement outcomes in comparison ...

Kidmans acquires wealth advisory firm

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2024
Kidmans Partners, a member of the Count network, has acquired Victorian accounting and financial advice firm Zanacorp for $2.1 million. Kidmans will pay 70% of the consideration for Elsternwick-based Zanacorp upon completion and the remainder will be ...

BitConnect promoter hit with good behaviour

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
... authorisation and carries with it the risk of a failure to adhere to appropriate standards in the provision of financial advice," the judge said. Bigatton pleaded guilty to six instances of providing financial advice without a licence. Justice Newlinds ...

Clime chief executive resigns

KARREN VERGARA  |  MONDAY, 15 JUL 2024
... (PDG) to consolidate operational and AFSL services to create a new entity providing back-office services to their financial advice networks - but it fell through. Early this year, Clime avoided a board spill whereby major shareholder Torres Industries ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... million as the Australian Financial Complaints Authority (AFCA) caps the total number of complainants at 2773. The Financial Advice Association Australia (FAAA) calculates that the financial advice sector will have to fund $135 million of these claims. ...

Inflation pummels adviser pay by 20%

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
... "Will this have a negative impact attracting university students and new entrants to the industry?" he said. Financial Advice Association Australia (FAAA) data shows that only 312 advisers entered the profession in 2023. "We've lost a lot of experienced ...

Regulation, profitability top adviser worries: BT

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... recruit advisers. Striver founder and chief executive Alisdair Barr said the low number of students studying financial advice is "a big problem for the industry." "Raising awareness of financial planning as a career path is important. I don't think people ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... will have to fork out $65.65 million, while market infrastructure and intermediaries will pay $64.1 million. Financial Advice Association Australia (FAAA) chief executive Sarah Abood said at first glance it seems the ASIC levy per adviser will not move ...

Advisers encouraged to embrace AI

ELIZA BAVIN  |  TUESDAY, 9 JUL 2024
... client experience and operational efficiency," Sevestre said. "This integration is crucial for delivering accurate financial advice, allowing advisers to focus on client relationships and planning. For providers, the opportunity lies in developing systems ...