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Showing 71 - 80 of 348 results for "Advice practices"

High-performing firms reveal strategies behind success

KARREN VERGARA  |  FRIDAY, 27 OCT 2023
... a new analysis shows. A study by Macquarie Business Banking and Business Health, which surveyed 312 financial advice practices ranging from aligned groups to self-licensed firms, found how some have thrived amidst major industry reforms and a tough macroeconomic ...

Financial planning veteran launches ideas exchange

ANDREW MCKEAN  |  MONDAY, 18 SEP 2023
... ultimately raising the bar for best practices in our industry." The platform is guided by the belief that financial advice practices are more inclined to collaborate with fund managers that offer valuable insights and understand their unique challenges. ...

Viridian launches new specialist division amid acquisition drive

ANDREW MCKEAN  |  TUESDAY, 12 SEP 2023
... AFSL, marking its evolution into a dual-structured entity. Infinity Capital Solutions (ICS) affords third-party advice practices and financial advisers access to Viridian's proprietary model through four distinct offerings: asset management, portfolio ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... aside a $50 million provision, reflecting its preliminary assessment of potential liabilities associated with the advice practices central to the lawsuit. While awaiting the Federal Court's conclusive orders on the judgement, AMP chief executive ...

Iress adds new operations, customer service leaders

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... office and head of transformation office. Before Iress, she held senior roles at BT Financial Group and other advice practices. The wealth management unit's chief executive Harry Mitchell said: "Kelli and Amara bring complementary skill sets and ...

New CFS platform at the cutting Edge: Quirk

CHLOE WALKER  |  TUESDAY, 1 AUG 2023
... uniquely co-developed with advisers and paraplanners from the very start. "For our design process, we had 12 to 14 advice practices across Australia involved over an 18-month window, starting in February 2022," he said. "They met with us on a monthly ...

FY23 farewells 700 advisers

KARREN VERGARA  |  FRIDAY, 14 JUL 2023
... the year, registering for the first time on ASIC's database. Despite the bleak figures, a recent survey of 122 advice practices found that adviser profitability is rising. On average, revenue jumped from $1.1 million in 2021 to $1.6 million this year ...

Advice firm revenues jump 45%

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... client numbers, financial advice firms saw revenues shoot up by nearly 50% from two years ago. A survey of 122 advice practices conducted by Business Health and Iress found average revenue jumped from $1.1 million in 2021 to $1.6 million this year. According ...

Count takes stake in Melbourne firm

CHLOE WALKER  |  MONDAY, 3 JUL 2023
... and we will have greater opportunities to achieve this through Count." Just last week, two Adelaide financial advice practices merged and rebranded to Count Adelaide. "We are pleased to see the Count brand expand across the country, cementing our position ...

Diverger acquires majority interest in private wealth firm

CASSANDRA BALDINI  |  MONDAY, 3 JUL 2023
... capital are justified. Commenting on the transitional equity model, Diverger said the idea is to partner with advice practices looking to corporatise their business model, achieve scale, execute a succession plan, or drive future growth. It added, the ...