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Financial Planning

CFS signs distribution deal with Aspect

MICHAEL HOBBS  |  FRIDAY, 22 JAN 2010
Colonial First State has signed an exclusive alliance with Aspect Capital to distribute the investment manager's products in Australia and New Zealand.

Shadow shop reveals service gap among planners

MICHAEL HOBBS  |  THURSDAY, 21 JAN 2010
A secret "shadow shopping" exercise on the services provided by the Industry Funds Financial Planning (IFFP) group found their advisers are not as good as independent financial advisers (IFAs) and bank-aligned planners.

Macquarie rolls out capital protection

COMPANY RELEASE  |  THURSDAY, 21 JAN 2010
Macquarie Global Investments has teamed up with the UK's Winton Capital Management to cater for advisers looking for new options in capital protection products.

Celeste FM 'better placed': Villante

MICHAEL HOBBS  |  THURSDAY, 21 JAN 2010
Frank Villante, chief investment officer at Celeste Funds Management, formerly Souls Funds Management, said the business is better placed than it was prior to Treasury Group buying a stake in the business in November last year.

FinaMetrica rides regulatory wave

MICHAEL HOBBS  |  TUESDAY, 19 JAN 2010
UK financial services regulatory reforms opened a new market for Australian-based FinaMetrica, a firm that provides financial advisers with a tool to assess their clients' risk tolerance.

AMP broadens risk profile

MICHAEL HOBBS  |  MONDAY, 18 JAN 2010
In a sign of the times, one of the country's largest planning groups has expanded its risk profiling tool to accommodate seven types of risk profiles instead of five - adding "short duration" and "cautious" to the mix.

Sentry selects van Eyk

COMPANY RELEASE  |  MONDAY, 18 JAN 2010
Research house van Eyk has signed a three-year contract with dealer firm Sentry Group, which has over $2 billion in funds under management.

Netwealth buys $700m FUA planning firm Bridgeport

MICHAEL HOBBS  |  MONDAY, 18 JAN 2010
Platform and financial services provider, netwealth, has bought national dealer group, Bridgeport Financial Services - marking the company's foray into owning planning practices directly.

ASIC bans planner pushing dodgy docos

ASIC RELEASE  |  THURSDAY, 14 JAN 2010
A financial adviser who gave his clients false disclosure documents was slapped with a five-year ban from providing financial services.

Snowball forays into funds management

MICHELLE BALTAZAR  |  WEDNESDAY, 13 JAN 2010
Listed financial planning group Snowball buys a portfolio construction and funds management business, Officium Capital, as part of its umbrella strategy to prepare the business ahead of new regulation in the planning industry.