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Financial Planning

ANZ planners receive funding facility

ELISE BURGESS  |  FRIDAY, 12 AUG 2011
ANZ financial planners will have the option to use a new funding facility from ANZ to expand their businesses or refinance their existing practices, as part of the group's broader recruitment and succession strategy.

PFS consultants take equity stakes

MATT WOODINGTON  |  THURSDAY, 11 AUG 2011
Independent consultancy firm Professional Financial Solutions has appointed four new directors, all of whom are senior consultants at the firm.

St George names new planning heads in strategy push

ELISE BURGESS  |  TUESDAY, 9 AUG 2011
St George Banking Group continues its multi-brand strategy push, announcing new roles for planning heads for Bank of Melbourne and St George Financial Planning, as the group builds its advice full-service offer to Victorian customers.

ANZ fears regulation could hamper scaled advice

MATT WOODINGTON  |  FRIDAY, 5 AUG 2011
ANZ Wealth head Paul Barrett believes that the current definitions of 'best interest' advice could halt the industry's migration into the world of scaled advice.

FSC insurance churn action divides planners

MATT WOODINGTON  |  FRIDAY, 5 AUG 2011
Financial advisers fear that new measures from the Financial Services Council aimed at reducing churn in the insurance market will lead to some penalties for acting in the best interest of a client.

AMP/AXA's Integra moves to MLC's Garvan

ELISE BURGESS  |  THURSDAY, 4 AUG 2011
Integra Financial Services has changed licensees, swapping AMP/AXA for MLC, citing a better business model as the driving force behind their decision.

Market woes cause adviser headache

ALISON BEVEGE  |  THURSDAY, 4 AUG 2011
Funeral provider Invocare could provide a good non-cyclical stock to hold in a falling market, a CMC Markets analyst has said, while financial advisers faced with worried clients have been told to get back to basics.

Industry looks to draw line under reforms

MATT WOODINGTON  |  THURSDAY, 4 AUG 2011
By comparing the government to a gestating sperm whale at the FSC conference, Assistant Treasurer Bill Shorten made light of slow progress implementing financial services reforms but patience is wearing thin within the industry.

Star hire strengthens IOOF adviser drive

ALISON BEVEGE  |  WEDNESDAY, 3 AUG 2011
Diversified financial group IOOF has appointed MLC star platform manager Chris Weldon to head its platform products division as it moves to expand its presence in the financial advisory market.

Snowball launches advice centre of excellence

ELISE BURGESS  |  TUESDAY, 2 AUG 2011
Snowball Financial Group has launched a Best Advice Centre of Excellence, a collection of some of the advice industry's leading minds to hash out ideas and new ways to improve the delivery of advice.