Distribution agreements boost HUB24’s adviser base 16 pc
Agreements made in the December quarter, including a deal with Insignia Financial, has bumped the number of advisers using HUB24 by 16 per cent. The increase comes amid the firm’s goal of $100 billion platform funds under administration by FY25.
January 16, 2024
APRA retires two prudential practice guides for insurers
APRA has retired two prudential practice guides for general and life insurers as it looks to consolidate the regulatory framework.
January 16, 2024
Former UniSuper CEO Kevin O’Sullivan joins the CSLR board
Former UniSuper CEO Kevin O'Sullivan has joined the Compensation Scheme of Last Resort transitional board as a non-executive director, ahead of the scheme’s scheduled commencement in April.
January 16, 2024
Charity development fund appoints JANA as asset consultant
Religious charitable development fund Uniting Financial Services (UFS) has appointed asset consultancy JANA to advise its investments.
January 16, 2024
Sequoia appoints WA/SA state manager
Sequoia Financial Group has appointed Bernie Fernandes as the state manager of Western and South Australia.
January 16, 2024
‘Consider options’ before switching off C and D clients
Advice practices are flooded with clients, and it’s meant that less profitable C and D clients are let go for the sake of retaining higher balance ones. However, a pair of advisers say that utilising technology has helped them retain these clients profitably.
January 15, 2024
Lack of time to think leads to dumb things happening
A tight window of reform has meant the government has tried to cram a bunch of consultations for industry approval over the holiday break with limited chance for response. While these changes may not have nefarious implications, Tom Ravlic writes forcing them through a tight window when the industry winds down does not come across as the most transparent reform process.
January 12, 2024
The circle of (business) life and ongoing succession plans
Taking over a small boutique business more than six years ago, Wakefield Partners senior advisers Lynette Anderson and Scott Keeley completed a succession plan and licensee switch at the same time. With that transition settled and in the past, they believe it’s important to have their own succession mapped out.
January 12, 2024
FAAA backs changes to financial adviser exam
The Financial Advice Association Australia (FAAA) has backed the government’s proposed changes to the financial adviser exam, saying it makes it simpler and potentially cheaper to sit.
January 11, 2024
Breaking down the walls to self-regulation
Financial advice has a history of change being pushed onto it from outside, usually by government. It’s time for the conversation about whether advisers are prepared to take on the challenge of achieving self-regulation and taking control of their own standards and discipline.
January 11, 2024
Death and data open doors to a new generation of clients
Australian’s ageing population creates an opportunity for advisers to win over their clients’ children. It takes time to build trust, and it won't happen automatically, but an effective intergenerational advice strategy starts with good record keeping.
January 11, 2024
