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Financial Planning

YBR posts loss but boost in wealth management

LAURA MILLAN  |  THURSDAY, 29 AUG 2013
Yellow Brick Road (YBR) has reported a $6.6 million loss of profit for financial year 2013, but its wealth management revenue was up 217%.

PIS could face class action over "inadequate" advice

LAURA MILLAN  |  THURSDAY, 29 AUG 2013
Slater & Gordon are considering a class action against Professional Investment Services (PIS) after retail investors face losses from the collapse of a Queensland olive farm investment scheme.

NAB continues wealth division reshuffle

LAURA MILLAN  |  WEDNESDAY, 28 AUG 2013
NAB is reshuffling its wealth management division after revealing redundancies of key roles and has appointed a new general manager of Advice Partnerships.

Banned adviser faces jail time over 'tombstoning'

LAURA MILLAN  |  WEDNESDAY, 28 AUG 2013
A former financial adviser has pleaded guilty to dishonest conduct after using dead people's documents and fictitious clients to increase his revenue.

AAP hits adviser milestone ahead of buyout

LAURA MILLAN  |  TUESDAY, 27 AUG 2013
Associated Advisory Practices (AAP) has reached a record number of 200 boutique practices only a few weeks before Centrepoint Alliance completes its full acquisition.

Bowen and Cormann at odds over adviser enshrinement

LAURA MILLAN  |  TUESDAY, 27 AUG 2013
The debate around the enshrinement of the term 'financial planner' has revealed division between Treasurer Chris Bowen and shadow Minister for Financial Services and Superannuation Mathias Cormann.

ClearView reports 92% drop in profits

JAMES FERNYHOUGH  |  TUESDAY, 27 AUG 2013
Financial planning dealer group ClearView has reported a 92% drop in profits from last year, with net profit after tax (NPAT) of $1.9 million.

Twitter co-creator to speak at AFA Conference

LAURA MILLAN  |  TUESDAY, 27 AUG 2013
Twitter co-creator Dom Sagolla will be speaking about how the social network started at the Association of Financial Advisers (AFA) Conference in October.

ASIC orders additional AFSL conditions on Sydney firm

LAURA MILLAN  |  MONDAY, 26 AUG 2013
The Australian Securities and Investments Commission (ASIC) has imposed additional licence conditions on the Australian financial services licence (AFSL) of a Sydney-based firm.

AMPFP not relevant without future growth

MARK SMITH  |  MONDAY, 26 AUG 2013
AMP Financial Planning (AMPFP) is set to continue its adviser recruitment drive on the back of year of planner number growth, according to managing director Michael Guggenheimer.