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Financial Planning

Garvan FP practice gains SAI approval

MICHAEL HOBBS  |  FRIDAY, 18 JUL 2008
Garvan licensed financial planning practice, Finance Control was awarded the SAI Global backed, Financial Planning 9000 standard, a benchmark for quality administration and business management.

Plan Protect buys boutique firm

MICHAEL HOBBS  |  THURSDAY, 17 JUL 2008
AXA financial planning representative, Plan Protect purchased Sydney CBD based financial planning practice, Bearsden Holdings, boosting its funds under advice to more than $200 million.

One-size rule does not fit advice

RUTH LIEW  |  THURSDAY, 17 JUL 2008
The current "one size fits all" regulatory approach should be reviewed to reduce cost and improve the accessibility of financial advice for consumers, said the Financial Planning Association of Australia.

Planners buy 15pc stake in TSG

MICHAEL HOBBS  |  TUESDAY, 15 JUL 2008
Senior financial planners from The Salisbury Group have accepted an offer to purchase 15 per cent equity share in the dealer group.

MLC adopts paraplanning referral service

MICHAEL HOBBS  |  MONDAY, 14 JUL 2008
Financial services firm MLC is dropping its paraplanning strategy with ThreeSixty and moving its financial planning service to a referral model.

Plum reloads for HNW clients

MICHAEL HOBBS  |  FRIDAY, 11 JUL 2008
Plum Financial Services relaunched its financial planning division, developed a pension product and revamped its website to better cater for high net worth (HNW) members.

FPA backs 'advice within super' review

MICHELLE BALTAZAR  |  THURSDAY, 10 JUL 2008
The industry group representing majority of the financial planners in the country welcomed the government's call for a review of the superannuation system.

ASIC bans Westpoint adviser

MICHAEL HOBBS  |  MONDAY, 7 JUL 2008
The Australian Securities and Investments Commission (ASIC) banned Perth-based planner David Roy from providing financial services for seven years after it found he misled clients on Westpoint products.

Proactive planners ease client concerns

MICHAEL HOBBS  |  FRIDAY, 4 JUL 2008
Clients of proactive financial planners are less stressed about their asset allocation and overall portfolio after being sent educational material during equity market corrections.

Focus on value not fees: AFA

RUTH LIEW  |  FRIDAY, 4 JUL 2008
The Association of Financial Advisers (AFA) has put its foot down that advisers' commissions should not be abolished because the existing system promotes choice and value among clients.