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Financial Planning

Merger and new CEO for FMD

ELISE BURGESS  |  WEDNESDAY, 7 DEC 2011
Two FMD Group independent planning practices are set to merge with news that FMD Financial and Reynolds Williams and Associates will merge on December 1. Former Perpetual Private Wealth executive, Lee Wapling, will head up the firm.

AFS acquires QLD planning practice

ELISE BURGESS  |  WEDNESDAY, 7 DEC 2011
Australian Financial Services Group has added a new independent planning practice to its ranks, acquiring QLD-based practice Alps Network to expand the Group's presence in Queensland.

Christmas deadline for FOFA clarity: ANZ

CLAIRE MCGREAL  |  WEDNESDAY, 7 DEC 2011
ANZ Wealth has warned that Christmas is the "absolute drop dead date" for clarity on FOFA reforms before implementation costs double.

Managed accounts get FOFA boost

ELISE BURGESS  |  TUESDAY, 6 DEC 2011
Managed Discretionary Accounts are reaping some benefits from the introduction of FOFA as advisers turn to new investment vehicles, recording $150 million of inflows during the five months to November 30 for IAS.

Consolidation creating conflict between product and advice

RACHEL DAVIS  |  THURSDAY, 1 DEC 2011
Independent financial planning group, Premium Wealth Management, has said that while it is confident about the future of independent financial advice, it fears consolidation in anticipation of the FOFA reforms is creating a conflict of interest between ...

Snowball re-brands for future

CLAIRE MCGREAL  |  WEDNESDAY, 30 NOV 2011
Merged independent financial advisory groups Snowball and Shadforth are now known as SFG Australia.

Count gives CBA 99% approval

ELISE BURGESS  |  MONDAY, 28 NOV 2011
Count Financial shareholders have overwhelmingly embraced the takeover offer from CBA, the vote passing with almost 100% support on November 25 said chief executive Barry Lambert.

Actuarial certificate delivery speeds up

CLAIRE MCGREAL  |  MONDAY, 28 NOV 2011
Supercorp's self managed superannuation fund software superMate has teamed up with Bendzulla Actuarial to significantly speed up the delivery of actuarial certificates online.

Guardian Advice reveals succession planning strategy

CLAIRE MCGREAL  |  MONDAY, 28 NOV 2011
Asteron aligned dealer group Guardian Advice has revealed details of its Business Acquisition and Succession Planning offer available to its advisers.

SSgA: Minimise volatilty to protect vulnerable investors

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
State Street Global Advisers is urging super and multi-manager funds to consider minimising volatility strategies in their domestic equity portfolios, as events on the world stage continue to spook equity markets.