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Financial Planning

Dealer groups bank on strong balance sheets

MICHAEL HOBBS  |  TUESDAY, 20 JAN 2009
Key dealer groups Australian Financial Services, The Salisbury Group and Snowball step up to explain their business models after the Storm Financial collapse.

Aviva SMA gets adviser tick

RUTH LIEW  |  MONDAY, 19 JAN 2009
Aviva is going to crack the separately managed accounts market in mid-2009 with a product solution tailored to easily fit into an adviser's portfolio.

Impax environment trust hits the market

MICHAEL HOBBS  |  MONDAY, 19 JAN 2009
BNP Paribas Investment Partners has released Impax Environmental Markets Trust giving Australian investors exposure to a market which the firm expects will benefit from global government environmental policy.

Storm staff lose jobs

MICHAEL HOBBS  |  FRIDAY, 16 JAN 2009
Voluntary administrators, Worrells Solvency and Forensic Accountants have closed Queensland based financial planning group Storm Financial resulting in 115 staff members losing their jobs.

ING Aus buys IFA Securities

COMPANY RELEASE  |  THURSDAY, 15 JAN 2009
ING Australia continues to be a key player in the consolidation of the financial planning industry when it announced a deal with IFA Securities, a boutique dealer group that manages more than $600 million in funds.

Snowball buys FP and super businesses

MICHAEL HOBBS  |  THURSDAY, 15 JAN 2009
Snowball has bought Brisbane based financial planning business Money Mentors and an Adelaide based corporate superannuation business adding approximately $180 million in funds under advice (FUA) to the group.

PIS prepares for tough year

RUTH LIEW  |  THURSDAY, 15 JAN 2009
Professional Investment Services ushers 2009 with a cautious eye on boutiques and a preference for fund managers with good liquidity management as part of its overall investment strategy review.

North awarded 'very strong' S&P rating

MICHAEL HOBBS  |  WEDNESDAY, 14 JAN 2009
AXA Australia's highly popular structured product, North, received a 'very strong' rating from Standard & Poor's.

Storm enters voluntary administration

MICHAEL HOBBS  |  TUESDAY, 13 JAN 2009
Brisbane-based Storm Financial appointed Worrells Solvency & Forensic Accountants as the firm's administrators.

Planners turn to cash and TD funds

MICHELLE BALTAZAR  |  MONDAY, 12 JAN 2009
Cash and term deposit funds from St George, UBS and Adelaide Bank led the list of Aviva's top 10 funds for net inflows during 2008 while Platinum International Fund and Perpetual Wholesale Industrial Fund suffered the highest level of redemptions over ...