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Financial Planning

DeVere helped US press expose investment fraud

ALEX BURKE  |  WEDNESDAY, 25 MAR 2015
Global adviser group deVere provided evidence of what a spokesperson described as "one of the largest financial scams in history" to a US-based investigative news service.

ASX: The people's platform

STAFF WRITER  |  WEDNESDAY, 25 MAR 2015
The ASX's drive into wealth management has been so successful it is now in effect Australia's seventh largest wealth management platform.

Client satisfaction up despite bad press

MARK SMITH  |  TUESDAY, 24 MAR 2015
Bad press, a tough business environment and rising compliance costs have had little impact on the positive experiences customers of the country's leading advice firms have had over the last 12 months, according to a new comprehensive research report.

Macquarie to close Risk Advice Specialists

ALEX BURKE  |  MONDAY, 23 MAR 2015
Macquarie has confirmed it will close Risk Advice Specialists, a boutique advisory dealer group operating under the Macquarie AFSL.

Mercer becomes first FPA accredited salaried firm

LAURA MILLAN  |  MONDAY, 23 MAR 2015
Mercer advice practices have become the first salaried adviser firms to be accredited Professional Practices by the Financial Planning Association (FPA).

Abuse of reporting rules widespread: Medcraft

MARK SMITH  |  MONDAY, 23 MAR 2015
Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft has highlighted companies "abuse" of breach reporting rules.

BT adds managed funds to platform

LAURA MILLAN  |  THURSDAY, 19 MAR 2015
BT Financial Group will add managed funds to its Panorama investment platform, which in the future will also offer individual equities and advanced portfolio management for advisers.

Advisers need to provide multi-pronged services

ALEX BURKE  |  THURSDAY, 19 MAR 2015
Cost is a prohibitive factor for many Australians in taking up comprehensive financial advice, but they are happy to transition from lower-priced discrete advice to a holistic service over time.

Former Gold Coast adviser sentenced

ALEX BURKE  |  WEDNESDAY, 18 MAR 2015
A former Gold Coast financial adviser has been sentenced to 12 months' imprisonment for false and misleading statements and providing advice without a reasonable basis.

NAB too big to change culture overnight: Thorburn

LAURA MILLAN  |  TUESDAY, 17 MAR 2015
National Australia Bank (NAB) chief executive Andrew Thorburn has admitted that cultural change in such large organisation "probably takes five, 10 years," in light of the regulator's concerns about its financial planning arm.