‘Kodak moment’: Iress restructures Xplan exec team amid financial woes
Xplan owner Iress will split out the product and operations functions of its troubled Australian wealth management division following the resignation of high-profile industry figure Amara Haqqani. But the company’s executive general manager for wealth, Kelli Willmer, says staff are “motivated and excited about the future”.
March 01, 2024
‘Alarming level of discontent’ among PDMs, BDMs a sign of the times
Practice and business development managers are reporting high levels of frustration as they find themselves spread thin and often ill-equipped to deal with the demands of advisers. Research from Business Health to be unveiled this week suggests this isn’t the fault of the individuals per se; rather, it’s likely due to an environment created by their institutional and licensee employers.
March 01, 2024
Over half of Australians support objective of super wording
Over half of Australians have agreed with the proposed objective of superannuation by the government, according to a survey commissioned by the Financial Services Council.
March 01, 2024
UniSuper appoints Morningstar research director to newly created role
UniSuper has nabbed Morningstar’s Annika Bradley as its senior manager, investment specialist (policy and advice).
February 29, 2024
Rise of the multi-partner ‘super firm’
The successful advice practices of the future will be built around a multi-partner model that mitigates key-person risk, otherwise known as a “super firm”, according to advice business consultants. This is despite an estimated half of advice practices still relying on a single-owner model.
February 29, 2024
WT sees profit grow despite advice rationalisation
Rationalisation of the advice business has caused a drop in revenue for WT Financial Group, but a boost in profitability. The listed licensee anticipates a further boost in profitability once the integration of Millennium3 is completed.
February 29, 2024
ASIC obtains bankruptcy orders against ‘ASX Wolf’ finfluencer
ASIC has successfully sought orders in the federal court against social media finfluencer Tyson Scholz, known as the “ASX Wolf”, effectively making him bankrupt.
February 29, 2024
FSCP determinations grow, but offers little insight
The corporate regulator has given the advice community several updates over misconduct assessed by the Financial Services and Credit Panel, but whether the detail or insights are sufficient to clue in licensees and advice professionals is up for debate.
February 28, 2024
Brighter Super looks to put advisers in driver’s seat
Brighter Super, the amalgamation of LGIAsuper, Energy Super and Suncorp Super, will hit the road later this year to pitch the fund’s services to advisers in its home state of Queensland. As a mix of industry and retail funds, head of advice Steven O’Donoghue believes they are in a unique position to derive the benefits from both sides of the market.
February 28, 2024
Melbourne Securities fined by ASIC over greenwashing
Melbourne Securities has paid $13,320 to comply with an infringement notice issued by ASIC in which the corporate regulator claimed it made greenwashing statements.
February 28, 2024
UN Principles for Responsible Investment adds two executives
The UN Principles for Responsible Investment has made two appointments to its executive team.
February 28, 2024
