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Financial Planning

AZ NGA acquires seventh practice

ALEX BURKE  |  TUESDAY, 15 DEC 2015
AZ Next Generation Advisory has made its seventh acquisition, purchasing a Toowoomba-based practice.

ASIC consults on LIF powers

DARREN SNYDER  |  TUESDAY, 15 DEC 2015
Financial advisers and the life insurance industry are being asked to consult the Australian Securities and Investments Commission (ASIC) over plans that would give the regulator power to set a maximum level of upfront and ongoing commission payments ...

ASIC bans NAB-aligned adviser

DARREN SNYDER  |  TUESDAY, 15 DEC 2015
A financial adviser linked with National Australia Bank (NAB) owned Meritum Financial Group has been banned for six years by the Australian Securities and Investments Commission (ASIC).

Sentry Group restructures management

ALEX BURKE  |  TUESDAY, 15 DEC 2015
Sentry Group has announced major changes to its business and management structure.

HUB24 adds international portfolios to platform

MARK SMITH  |  MONDAY, 14 DEC 2015
HUB24 has made international managed portfolios available on its platform for the first time.

Advice beats direct insurance for Aussie consumers

ALEX BURKE  |  MONDAY, 14 DEC 2015
The majority of Australian consumers prefer to purchase insurance policies through financial advisers rather than directly.

Crestone announces major partnerships

ALEX BURKE  |  FRIDAY, 11 DEC 2015
Crestone, the firm which spun out of UBS Wealth Management, has announced strategic partnerships with a number of major financial institutions.

Belabouring the labour market stats

BENJAMIN ONG  |  FRIDAY, 11 DEC 2015
Measurement and sampling ("rotation") issues suggest that the Australian labour market is definitely not strong as what the seasonally adjusted numbers indicate.

Four steps up, four steps down

BENJAMIN ONG  |  THURSDAY, 10 DEC 2015
Is the Reserve Bank of New Zealand (RBNZ) just toying with monetary policy or what?

Cumulus practices dumping wraps for MDAs

ALEX BURKE  |  WEDNESDAY, 9 DEC 2015
Four Cumulus Financial Group-aligned practices have started offering managed discretionary account services, finding them more efficient than wrap platforms.