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Financial Planning

MDAs key to proving value of advice

JAMES FERNYHOUGH  |  FRIDAY, 30 AUG 2013
Managed discretionary accounts (MDA) could be a key area for financial planners wanting to add value to their service offerings in the post-FoFA world, according to Brett Sanders, joint chief executive of Philo Capital Advisers.

AMP adds four NZ advice firms to network

MARK SMITH  |  FRIDAY, 30 AUG 2013
AMP has grown its presence in New Zealand, with four kiwi financial planning practises joining its AdviceFirst network.

IFS to triple adviser numbers in 3 years

LAURA MILLAN  |  FRIDAY, 30 AUG 2013
Industry Fund Services (IFS) which provides advice services to industry superannuation funds expects to triple its financial planner headcount in the next three years.

In estate planning, beware of remarried clients

LAURA MILLAN  |  FRIDAY, 30 AUG 2013
Clients who have a second, third or even fourth marriage are the most complicated to deal with when it comes to estate planning and this is something advisers should take into consideration.

M&A drives SFG double digit growth

LAURA MILLAN  |  THURSDAY, 29 AUG 2013
Mergers and acquisition activity during recent months have delivered double digit earnings growth for SFG Australia.

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.