Little to separate HUB24 and Netwealth
The back and forth over leading platform ratings, an approximately equal market share and a domination of net inflows has created a competitive rivalry between HUB24 and Netwealth. The growth of the two mid-sized, independent providers continues despite anticipated pressures over profit margins and pricing.
February 20, 2024
Count’s wealth revenue up, but integration costs suppress margins
Costs associated with the Affinia acquisition have hit Count’s wealth segment revenue, with CEO Hugh Humphrey saying the company would prefer to cover the impact now. The results come amid confirmation of the Diverger transaction which will make it the third largest licensee owner.
February 20, 2024
Kaplan to offer three new designations
Industry education provider Kaplan Professional has partnered with the College for Financial Planning, a Kaplan US company, to offer three globally-recognised designations in Australia.
February 20, 2024
LGT Crestone expands Adelaide presence
Wealth company LGT Crestone has appointed Ben Potter as partner, investment adviser to its Adelaide office.
February 20, 2024
‘We do it everywhere else’: Education lifts standards
Whether higher education standards can lead to lower incidences of misconduct in a profession is frequently disputed, but the latest research paper from adviser and PhD student Ben Neilson concludes it is possible to legislate good behaviour in an industry by increasing standards.
February 19, 2024
Super policy high on reconciliation agenda post-referendum
Indigenous leader, author and activist Thomas Mayo said superannuation policy was a feature in a disinformation campaign against constitutional recognition at the referendum. Mayo urged the super sector to continue to listen to First Nations communities on retirement issues even without a formal Voice to Parliament.
February 19, 2024
Aussies confident in finding best retirement product themselves: FSC
The majority of Australians (87 per cent) trust themselves to choose the right retirement product over the government, a Financial Services Council poll has found.
February 19, 2024
‘Why we do what we do’: How one adviser put her clients $750k ahead
When a couple who’d previously received poor financial advice approached Northeast Wealth for help, Melbourne-based senior financial adviser Siobhan Ashby set in train a process for compensation that could ultimately see the clients three-quarters of a million dollars better off in retirement.
February 16, 2024
Young women more likely to be stressed about cost of living
Data from ASIC’s Moneysmart has found that Gen Z (aged 18 to 26) women are more likely than Gen Z men (87 to 77 per cent) to be severely stressed about the cost of living, while the generation as a whole reported feeling overwhelmed by finances and money.
February 16, 2024
Federal Court approves Count’s acquisition of Diverger
The Federal Court has approved Count’s scheme of arrangement for its proposed acquisition of ASX-listed company Diverger.
February 15, 2024
