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Financial Planning

Countplus buys risk dealer group

MEDIA RELEASE  |  FRIDAY, 1 OCT 2010
Countplus has bought risk-focused dealer group Total Financial Solutions Dealership, which has over $1 billion, as its final acquisition before a planned IPO in December.

Female planners paid less

ELISE BURGESS  |  FRIDAY, 1 OCT 2010
Female financial planners continue to earn less than their male counterparts according to a US financial planning study.

MLC says no to PIH stake

RUTH LIEW  |  THURSDAY, 30 SEP 2010
MLC has opted out of buying a minority stake in Professional Investment Holdings - leaving the door open for Aviva Overseas Holdings to divest or keep its remaining 20 per cent stake in one of Australia's largest planning firms.

Scammer targets AMP and AXA investors

RUTH LIEW  |  THURSDAY, 30 SEP 2010
ASIC has issued warnings to AMP and AXA investors to watch out for unsolicited shares offers from Hassle Free Share Sales.

APESB extends consultation

ELISE BURGESS  |  THURSDAY, 30 SEP 2010
The Accounting Professional & Ethical Standards Board (APESB) has extended its consultation period on a proposal to ban members who offer financial planning services from charging asset-based fees from July next year.

Asia-Pac HNWI market approaches US$10 tn: report

JOHN MCDULING  |  TUESDAY, 28 SEP 2010
The combined wealth of Asia-Pacific's high net worth individuals (HNWI) surged almost 31 per cent in 2009 to US$9.7 trillion, erasing the losses recorded in 2008 and placing the Asian market above Europe for the first time on record, a new survey has ...

Addwealth appoints head BDM

MEDIA RELEASE  |  TUESDAY, 28 SEP 2010
Financial planning firm Addwealth has appointed the founder of Associated Planners Financial Services, Daryl Pratt, to the newly created role head of business development.

FPA chair to step down in November

JOHN MCDULING  |  MONDAY, 27 SEP 2010
After three years at the helm of the Financial Planners Association, Julie Berry will be stepping down as chair in November.

Snowball signs platform deal with CFS

JOHN MCDULING  |  MONDAY, 27 SEP 2010
ASX-listed Snowball Group has acquired revenue rights for the Symetry portfolio service platform from Colonial First State (CFS), and as part of the deal will now collaborate on its ongoing development.

Non super advice takes off: StatewideSuper

RUTH LIEW  |  THURSDAY, 23 SEP 2010
StatewideSuper has seen an increase in members seeking non-super advice - prompting the fund to renew its focus on holistic planning services.