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Financial Planning

BetaShares launches currency ETF

MEDIA RELEASE  |  TUESDAY, 1 FEB 2011
New Sydney-based exchange traded fund (ETF) provider BetaShares has launched a new ETF in Australia that tracks the performance of the US dollar relative to the local currency.

Kingston Capital joins FSP

ELISE BURGESS  |  MONDAY, 31 JAN 2011
Kingston Capital will join Financial Services Partners (FSP) with plans to extend its product range, while separating its advice function from its funds management business.

New chapter for ASET and FMD

ELISE BURGESS  |  MONDAY, 31 JAN 2011
ASET Wealth Management and FMD Group usher in 2011 as stand-alone practices, cutting ties with their previous owners and signing on to dealer group services provider Paragem.

Intra-fund opens new doors for advisers

ELISE BURGESS  |  FRIDAY, 28 JAN 2011
Association of Financial Advisers (AFA) chief executive Richard Klipin said that while many of AFA's members are rightly concerned about the unintended consequences of the 'intra-fund advice' model, there are some upsides.

Three in five advisers opt out of opt-in: research

MICHELLE BALTAZAR  |  FRIDAY, 28 JAN 2011
Research published last week reveals fierce resistance from financial advisers to adopt the proposed annual 'opt-in' reforms, arguing the approach could do more damage than not to their clients' portfolios and impose more compliance burden on their business.

MLC wrap locks into SMSFs and managed accounts

ELISE BURGESS  |  THURSDAY, 27 JAN 2011
MLC's new platform, MLC Wrap, draws on the popular features of its existing Navigator and MasterKey Custom platforms to appeal to a broader adviser base.

FSA ups ante on advice

ELISE BURGESS  |  FRIDAY, 21 JAN 2011
UK-based financial advisers will be required to hold a Statement of Professional Standing (SPS) to continue providing financial advice after January 2013, according to new regulations set out by the Financial Services Authority (FSA).

Hillross awards top adviser

ELISE BURGESS  |  FRIDAY, 21 JAN 2011
AMP Capital has expanded its Multi Asset Group capability, appointing former Apostle AM director Debbie Alliston as head of portfolio management and former Goldman Sachs AM product manager Silvana Lau as senior investment manager client solutions.

Disability trust comes with caveat

ELISE BURGESS  |  THURSDAY, 20 JAN 2011
Financial advisers must be wary of the pitfalls of setting up a disability trust, with many people who have a disabled dependent likely to lose their pension or insurance benefits without the right advice.

AFA launch QLD flood appeal

ELISE BURGESS  |  WEDNESDAY, 19 JAN 2011
The Association of Financial Advisers (AFA) has launched its own Queensland flood appeal through its charitable arm, the AFA Foundation.