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Financial Planning

IOOF posts $143.5m loss for FY21

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
IOOF reported an underlying net loss after tax of $143.5 million for FY21, as it cleans out legacy arrangements and integrates recent acquisitions.

Madison delivers for Clime one year on

KARREN VERGARA  |  THURSDAY, 26 AUG 2021
One year after it was acquired, Madison Financial Group has helped boost the performance of parent company Clime Investment Management.

Douugh rolls out robo-advice

ANNABELLE DICKSON  |  WEDNESDAY, 25 AUG 2021
The Australian fintech launched an integrated robo-advice service for its US customers, while its current Australian robo-adviser will shortly fold into this offering.

Dealer group awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 AUG 2021
A dealer group has moved a large global equities mandate to a boutique fund manager.

ClearView offloads advice unit

KARREN VERGARA  |  WEDNESDAY, 25 AUG 2021
ClearView is divesting its financial advice business for $15.2 million to another ASX-listed firm.

Adviser support services a boon for Sequoia

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
Sequoia Financial Group continues to benefit from the highly competitive sector of financial adviser support services, which doubled its revenues in the last two years.

ASIC settlement hits E&P profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
E&P Financial Group posted a statutory loss of $18.8 million for FY21, as its ASIC settlement hit both profits and the final dividend for the year.

Benefits of advice reforms yet to materialise

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
The myriad of regulatory reforms in the financial advice industry is raising concerns about the effects on the accessibility and quality of advice.

North educational hub registers 5000 users

KARREN VERGARA  |  MONDAY, 23 AUG 2021
AMP North's education hub has clocked up more than 5000 attendees since launching last year.

Three-month relief proposal gains traction

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
The relief that will allow financial advisers to sit the November examination regardless of their last sitting is closer to becoming official.