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Financial Planning

CFP adviser offers ASIC EU

ELISE BURGESS  |  THURSDAY, 5 APR 2012
ASIC has accepted an enforceable undertaking from a former Commonwealth Financial Planning adviser, including a five year ban.

Future First joins Paragem

ELISE BURGESS  |  THURSDAY, 5 APR 2012
Victorian financial planning practice, Future First, is the thirteenth firm to join independently owned Paragem AFSL, leaving AMP-aligned Hillross Financial Services.

Australian Unity takes majority stake in Certainty Financial

MELANIE TIMBRELL  |  WEDNESDAY, 4 APR 2012
Corporate advisory firm Certainty Financial has entered a joint venture with Australian Unity Personal Financial Services, which has taken a majority interest in the practice.

WealthSure selects OneVue UMA platform

MELANIE TIMBRELL  |  WEDNESDAY, 4 APR 2012
WealthSure has become the latest dealer group to sign-up to OneVue's unified managed account platform.

Social media strategy works: FPA

ELISE BURGESS  |  WEDNESDAY, 4 APR 2012
Social media use by the financial planning community is a simple, smart way for advisers to stay on top of new regulatory developments, exchange ideas and benefit their own practices according to the FPA.

Practices valued at doubled RR: survey

ELISE BURGESS  |  TUESDAY, 3 APR 2012
Most financial planners value a planning business between two and three times the recurring revenue and expect a claw back clause, according to an industry survey.

ClearView moves on IFA market

MELANIE TIMBRELL  |  MONDAY, 2 APR 2012
Dealer group ClearView has reported the acquisition of three new IFA practices in addition to seven new APLs in an update to the market.

Pre-retiree client strategies fall short: survey

ELISE BURGESS  |  THURSDAY, 29 MAR 2012
Only two-thirds of pre-retiree adviser clients are on track to meet their retirement goals, according to a survey of over 1,000 financial planners.

Advisers told to rethink growth asset allocations

MELANIE TIMBRELL  |  THURSDAY, 29 MAR 2012
Advisers should rethink growth asset allocations and prepare to protect portfolios against fiscal constraints, delegates heard at an industry event.

Flaws in advice system revealed by ASIC report

ELISE BURGESS  |  WEDNESDAY, 28 MAR 2012
The results of ASIC's shadow shopping research, which found only 3% of retirement advice was 'good', has revealed flaws in our current advice system, according to some industry figures.