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Financial Planning

Commissions mgmt systems need work

RUTH LIEW  |  WEDNESDAY, 2 JUL 2008
Financial planners are flagging the need for better electronic payment systems as many continue to think poorly about the accuracy and quality of existing commissions management systems.

Record intake for MLC adviser program

MICHAEL HOBBS  |  WEDNESDAY, 2 JUL 2008
MLC's Adviser Scholarship Program received a record number of applications for its latest intake, which starts this month.

Franchise banking attract planners

MICHELLE BALTAZAR  |  MONDAY, 30 JUN 2008
The franchising industry may seem worlds apart from financial planning but Commonwealth Bank has found a way to tap into the franchising model to better serve the banking needs of dealer groups.

SMSFs take up instalment warrants

MICHAEL HOBBS  |  FRIDAY, 27 JUN 2008
Instalment warrants will become more widely used by self managed super fund (SMSF) trustees as they become familiar with the strategy and banks start providing more products that enable them to do so, according to SuperConcepts.

TAAM signs TPC for Asia fund

MICHAEL HOBBS  |  THURSDAY, 26 JUN 2008
Treasury Asia Asset Management (TAAM) partnered with distribution firm, The Private Collection (TPC) to promote its new Asia Fund to dealer groups and advisers and educate them on the region's investment opportunities.

Rabo planning expands to QLD

MICHAEL HOBBS  |  THURSDAY, 26 JUN 2008
Rabobank's financial planning division, Rabo Financial Advisors (RFA), purchased Queensland based advice firm, Dayas Financial Services in line with its strategy to grow its presence in Australia.

Fee for service planners on the rise

A sub-segment of financial planners expect revenue from pure 'fee for service' models to increase to almost a quarter of their total revenue in three years, a survey of more than 1,100 planners has found.

China's growth sustainable: Wang

MICHAEL HOBBS  |  WEDNESDAY, 25 JUN 2008
Strong leadership, effective planning and a willingness to learn from Western economies guarantees the Chinese economy's growth is sustainable and will continue to flourish, according to Dr Xisu Wang, China grand master and foreign investment consultant.

MMC recruits McLaughlin and Frost

MICHAEL HOBBS  |  TUESDAY, 24 JUN 2008
MMC Contrarian has appointed former Australian Wealth Management head of research, Justin McLaughlin, as chief investment officer and former Investors Mutual Limited portfolio manager, Paul Frost, as portfolio manager.

MacarthurCook appeals ASX breach

RUTH LIEW  |  TUESDAY, 24 JUN 2008
Boutique fund manager MacarthurCook has confirmed it is appealing the Australian Securities Exchange's charge that it had breached regulations following the issuance of its shares to IOOF Holdings.