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Financial Planning

Former adviser cops 12 years' imprisonment

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
Former financial adviser Ben Jayaweera will spend the next 12 years behind bars after he was found guilty of fraud again.

Sequoia ends FY24 with 350 advisers

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
Sequoia Financial Group gained a net of 14 financial advisers to end up with about 350 representatives at the end of the 2024 financial year.

Minchin Moore merges with Brand Financial

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
The financial planning and wealth management firm also announced a new regional manager for Queensland.

Centrepoint profit jumps, grows advisers

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
Centrepoint Alliance has reported a jump in profits in its full year results and flagged an uptick in authorised financial advisers.

RI Toowoomba eyes regional market

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
RI Toowoomba has acquired a risk advice business as it flags bold ambitions to acquire four more regional practices before the end of the year.

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
In a first for ASIC, Libertas Financial Planning's AFS Licence (AFSL) has been revoked for its failure to pay compensation as ordered by the Compensation Scheme of Last Resort (CSLR).

Financial Standard opens Power50 voting

STAFF WRITER  |  MONDAY, 19 AUG 2024
Voting is now open for the 2024 Financial Standard Power50, which recognises the most influential financial advisers in Australia.

FAAA to work with Treasury on CSLR

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
The Financial Advice Association Australia has met with Minister Stephen Jones to raise key concerns regarding the Compensation Scheme of Last Resort.

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
Fiducian Group has reported that its underlying net profit after tax (NPAT) has risen 17% to $17.7 million in FY24, while its statutory net profit after tax increased 22% to $15 million.

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
APRA's super performance test fails to consider results where it truly matters and ends up missing the mark on ensuring positive member outcomes, a financial advice expert says.