Financial Planning
Powerwrap launches new adviser service
ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
Wealth management platform provider Powerwrap launched a new service built to empower and incubate financial advisers and their businesses.
FASEA confirms CFP recognition
HARRISON WORLEY  |  TUESDAY, 26 MAR 2019
The Financial Adviser Standards and Ethics Authority will recognise those financial advisers holding a Certified Financial Planner accreditation.
Remediation to hit Westpac earnings
HARRISON WORLEY  |  MONDAY, 25 MAR 2019
Westpac's cash earnings in the first half of the year will be hit by $260 million in remediation payments.
Banks move to derisk, workforces shrink
KANIKA SOOD  |  MONDAY, 25 MAR 2019
Australian employment figures and economic outlook could take a hit as major banks move to derisk their businesses by hiving off wealth and financial advice businesses.
Former Financial Wisdom adviser banned
KARREN VERGARA  |  THURSDAY, 21 MAR 2019
ASIC permanently banned a former Financial Wisdom financial adviser from working in financial services.
AFA takes red pen to Hayne report
HARRISON WORLEY  |  WEDNESDAY, 20 MAR 2019
The Association of Financial Advisers has stepped up its opposition to the Royal Commission's final report, claiming the inquiry failed to acknowledge the value of advice.
Westpac exits personal advice, restructures leadership
JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
Westpac is realigning its wealth strategy and BT Financial Group will cease as a standalone division. The group has also agreed to sell a number of advisers to Viridian Advisory.
More advisers using ETFs
KANIKA SOOD  |  THURSDAY, 14 MAR 2019
The share of financial advisers using ETFs for their clients has increased last year, according to the latest BetaShares Investment Trends ETF report.
Mortgage broker trail commissions to stay
KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
The Government will allow mortgage brokers to continue to collect trailing commissions on new loans with a review slated for three years down the line, Treasurer Josh Frydenberg said yesterday.
Couples need to talk money
HARRISON WORLEY  |  WEDNESDAY, 13 MAR 2019
New research from Westpac shows couples are struggling to discuss their financial matters.
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