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Showing 61 - 70 of 76 results for "Advice groups"

Upfront commissions linked to bad advice

JAMES FERNYHOUGH  |  FRIDAY, 10 OCT 2014
... Australians are underinsured. Only 1% of risk advisers receive no commissions. Financial Standard contacted a number of advice groups to find out how they intend to react to the ASIC report. Only AMP and the Commonwealth Bank had responded at time of ...

Matrix merger to place ClearView among top 10 licensees

LAURA MILLAN  |  MONDAY, 1 SEP 2014
... the shares in Matrix's financial planning business would place the combined group among Australia's ten largest advice groups by number of advisers. ClearView and Matrix entered into a merger implementation deed last week and the Matrix board has unanimously ...

Aligned licensees could be renamed "restricted advice" groups

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
Advice groups tied to a product manufacturer could be required to be renamed "restricted advice" businesses, instead of the current 'aligned' or 'institutionally-owned' labels, the Australian Securities and Investments Commission (ASIC) proposed. The ...

Race among the advice giants: MAX

MICHELLE BALTAZAR  |  MONDAY, 16 JUN 2014
... It found that around 35 adviser groups - representing 4,600 advisers - have been bought out or merged into other advice groups since 2008. This equates to a 25% churn ratio or a quarter of the advice community changing their corporate ownership in just ...

MLC appoints new GM of advice groups

JAMES FERNYHOUGH  |  MONDAY, 24 MAR 2014
MLC has appointed Ross Barnwell as its new general manager of advice partnerships, replacing Peter Smith. In his new role Barnwell will oversee MLC's aligned advice dealerships, including Apogee, MLC Financial Planning, Godfrey Pembroke, Garvan Financial ...

S&P DJI eyes aligned advice groups with new role

JAMES FERNYHOUGH  |  FRIDAY, 21 FEB 2014
S&P Dow Jones Indices (SPDJI) is recruiting for a role as part of a move to tap into the aligned financial advice dealer groups with its exchange-traded fund (ETF) indices. Until now the bank-aligned advice sector has proved difficult for ETF providers ...

Advice insto ownership steps up post GFC

ALEX DUNNIN  |  MONDAY, 11 NOV 2013
... advisers are in licensees that have changed ownership since the GFC and 80% of affected advisers have gone into advice groups owned by the big six bancassurance groups, reveals the 2013 Rainmaker Financial Planning Report. "The increasing footprint of ...

IOOF posts $33.2m profit

BEN COLLINS  |  MONDAY, 25 FEB 2013
... operating cash flow was $52.8 million, another "strong result," the company said. Two of IOOF's recent acquisitions, advice groups DKN and Plan B, continue to add value to the organisation. DKN reported a $6.2 million after-tax profit to 31 December ...

Coalition wants fund governance changes: Fletcher

BEN COLLINS  |  TUESDAY, 5 FEB 2013
... of financial advice, Fletcher, who sat on the committee that investigated the high-profile collapse of financial advice groups such as Storm Financial, said that there is a chance that the economic power of Australia's pension system leaves it at risk ...

Snowball Shadforth planning for a FOFA future

RACHEL DAVIS  |  FRIDAY, 1 JUL 2011
... week and accepted the Snowball offer, with over 90% of votes in favour of the merger. The two non-aligned financial advice groups will form a $14.3 billion wealth management business with multiple business models and 188 financial advisers nationally. ...