The latest issue of Financial Standard now available as an e-newspaper
|Financial advisers will have to wait until June 2021 for the long-awaited disciplinary body that is purported to professionalise the industry.|
|CountPlus recorded an increase of net profit after tax to $5.95 million in FY20 from $3.68 million ahead of future challenges to its Count Financial business.|
|This year is the first time financial advisers have been less optimistic than retail investors, with advisers only anticipating capital gains of 1.3% over the next 12 months from local shares.|
|Two Sydney-based advice firms have merged, with the firms saying it was not a decision either party made lightly.|
|The Association of Financial Advisers will host a virtual conference via live broadcast from October 14-15.|
|Many advised clients are sticking with their financial planners as COVID-19 tests the resilience of practices, according to Investment Trends.|
|Centrepoint Alliance has reported its annual revenue grew 11% as it plots an aggressive growth plan.|
|Two former Morgan Stanley financial advisers have started a new private wealth firm focused on HNW and UHNW clients.|
|Self-managed superannuation (SMSF) trustees are faced with unmet advice needs as costs and confidence in financial advisers stands in the way.|
|Netwealth swelled underlying net profit after tax by 21.7% in FY20; as it flags increased IT and infrastructure spend for the next year and a new mobile app for clients.|
ASIC deputy chair Karen Chester brought to light discrepancies in Daniel Crennan's resignation statement in front of a senate hearing, clarifying the dates that he found out about the issues that led to his resignation.
The Australian Stock Exchange has pushed back the CHESS replacement date by another year to April 2023.
The Victims of Financial Fraud (VOFF) group have written to senators slamming ASIC chair James Shipton for ignoring their requests for help but finding "time to submerge his own head in the trough allegedly at taxpayer expense".
HUB24 announced a series of significant transactions, including plans to acquire Xplore Wealth and the sale of its financial advice business.
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