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Financial Planning

Macquarie to compensate Storm investors in $82.5m deal

STAFF JOURNALIST  |  MONDAY, 18 MAR 2013
Macquarie Group Limited last week announced that it has reached an agreement to settle proceedings brought against it by investors advised by Storm Financial and who had Macquarie margin loan facilities.

US advisers don't understand clients risk tolerances

ALEX DUNNIN  |  FRIDAY, 15 MAR 2013
Advisers in the US are recommending products to clients based on inadequate risk profiling assessments, according to research from Cerulli Associates.

Former consultant sentenced for insider trading

LAURA MILLAN  |  FRIDAY, 15 MAR 2013
The County Court of Victoria has sentenced former consultant Ulf Ronnie Lindskog after being convicted of four insider trading charges brought by the Australian Securities and Investments Commission (ASIC).

Stanford Brown tops Genesys awards

MARK SMITH  |  THURSDAY, 14 MAR 2013
Stanford Brown Financial Advisers has collected the top honours at this year's Genesys Wealth Advisers Awards, which aim to celebrate excellence in financial planning.

Adviser-client communication directly linked to profits: survey

LAURA MILLAN  |  WEDNESDAY, 13 MAR 2013
Good communication not only guarantees a closer relationship between financial advisers and clients, it can also have a direct impact on the practices' profitability, research shows.

Advisers overlooking business development

MARK SMITH  |  WEDNESDAY, 13 MAR 2013
Advisers are failing to take advantage of the help their dealer group can offer them to grow their business, according to a recent survey from boutique financial services firm The Advice Exchange.

CFS FirstWrap regains platform top spot

MARK SMITH  |  WEDNESDAY, 13 MAR 2013
The CFS FirstWrap platform has overtaken MLC Wrap and Navigator to reclaim the top spot in Investment Trends' ranking of full-function platforms.

Latest Financial Standard issue available on the iPad app

MICHELLE BALTAZAR  |  TUESDAY, 12 MAR 2013
In the latest edition of Financial Standard, we publish our feature report on Australian equities and what fund managers got right - and wrong - since the GFC.

Advisers open to double allocation to global equities

MARK SMITH  |  TUESDAY, 12 MAR 2013
An industry spot poll found that financial advisers are open to switching from a 70:30 split on their domestic versus global equities allocation to a 50:50 following a well-argued case on the merits of investing more offshore.

Challenger gets Lonsec approval on annuities

LAURA MILLAN  |  MONDAY, 11 MAR 2013
Challenger's entire suite of annuity products has been approved by independent research house Lonsec.