‘Unapologetic growth’: Shadforth aims to dominate HNW space
Reaching a century since it was founded, Shadforth CEO Terry Dillon says the firm is seeing ‘more growth than ever’. He tells Professional Planner the challenge is not only to serve existing clients well but to move to a new growth phase and achieve a dominant position in the high-net-worth space.
July 16, 2024
Latest ASIC report shows banks haven’t learned
The latest banking scandal is just another example of the top end of town working on the assumption that it’s better to ask for forgiveness than permission, writes Chris Dastoor. The case shows there is one side of financial services that has cleaned itself up since the Hayne royal commission and another that hasn’t, yet it’s the former that is still required to pay for others’ misconduct.
July 16, 2024
DASH to acquire Integrated Portfolio Solutions platform
DASH Technology Group has entered into a binding share purchase agreement to acquire Integrated Portfolio Solutions.
July 16, 2024
APRA imposes licence conditions on Fiducian ahead of latest YFYS test
APRA has imposed additional licence conditions on Fiducian Portfolio Services to address data-related concerns ahead of this year’s Your Future Your Super performance test.
July 16, 2024
Spirit Super completes custodian switch amid merger transition
The $30 billion Spirit Super has completed the transition to use J.P. Morgan as its custody and fund administration services provider.
July 16, 2024
Future2 Foundation grants program opens nominations
Nominations are open for Future2 Foundation’s annual ‘Make The Difference!’ grants program.
July 16, 2024
Donat steps down as Clime CEO
With the deal to sell the licensee she once led now finalised, Clime chief executive Annick Donat will step away from the business. The last few years had seen a continuously falling share price and stagnant growth within the business.
July 15, 2024
Greens’ criticism of DBFO bill offers little support for advisers
The Australian Greens have offered little support to the financial advice sector, criticising the two major parties for boxing them out of negotiations. Green Party Senator Sarah Hanson-Young said the last minute amendments to the Delivering Better Financial Outcomes bill strikes out “provisions that ensure financial advisers can't price-gouge their clients”.
July 15, 2024
ASIC commands four banks to refund low-income customers with high-fee accounts
At least two million low-income customers will be refunded upwards of $28 million after an ASIC review found that four Australian banks charged high fees to bank customers who could least afford it.
July 15, 2024
Forbes Fava Saville appoints Insignia PDM as operations GM
Forbes Fava Saville Financial Planning has hired Gus Smarrini as general manager operations, a newly created position as advice firm looks to bolster its position in the sector.
July 15, 2024
TelstraSuper backs renewable energy infra fund
TelstraSuper has backed Quinbrook’s new infrastructure fund supporting the transition to renewable energy.
July 15, 2024
