Practices could leverage the benefits of ‘qualified’ advisers
While it is anticipated the 'qualified adviser' term will be changed, it has still been an unpopular part of the Quality of Advice Review reforms for the potentially unlevel playing field it may create. But there is potential for licensees and practices to leverage the rules in the same way the larger institutions will.
February 07, 2024
Count firm acquires Victorian firm’s accounting client book
Count has acquired the accounting client book of Melbourne-based May Klye & Associates via member firm Bruce Edmunds & Associates.
February 07, 2024
Advisory firm Morrows names new leadership team
Melbourne advisory firm Morrows has appointed a new executive leadership team.
February 07, 2024
‘No decision has been made’ on MIS review: Jones
Despite reports the government would raise the sophisticated and wholesale investor threshold because of the current Managed Investment Scheme review, the Minister for Financial Services Stephen Jones has put speculation to rest this week that any policy decision has been made.
February 06, 2024
Five lessons of the Hayne reckoning five years on
While consumers (and the big banks themselves) may have moved on from the Hayne royal commission, the wealth management industry still feels its legacy each day in the challenging commercial environment in which they now operate, writes Aleks Vickovich. The five-year anniversary of the commission’s final report offers a milestone to reflect and ensure a culture of misconduct doesn’t return.
February 06, 2024
Almost half of Australians worried about financial stability: Research
Amid uncertainties, Australians are worried about their financial situation and looking out for their family in case of unexpected events, according to report from life insurer NobleOak.
February 06, 2024
iExtend secures debt funding and CAR
iExtend has secured its first round of debt funding to support future growth, following its engagement with ASIC last year to be granted a new retail AFSL.
February 06, 2024
Aldersley Capital partners with OpenInvest
Boutique asset manager Aldersley Capital has launched its whitelabelled online wealth management solution, Aldersley Capital Direct via the OpenInvest platform.
February 06, 2024
Mason Stevens partners with WA wealth management firm
WA-based wealth management firm Euroz Hartleys has partnered with Mason Stevens to utilise its outsourced chief investment office offering.
February 06, 2024
‘No conflict’: FAAA still committed to public duty five years after Hayne grilling
Blasted as being ineffective at acting against their own members, Kenneth Hayne put the advice associations on notice during the royal commission for the conflict of interest of trying to police a profession it relies on for financial survival. Five years on the new peak body for the sector believes it has a more transparent process, but the question remains whether it can uphold professional standards without conflict.
February 05, 2024
‘Take the ego out of them’: The importance of early career years
Years before the Professional Year became law of the land, LifePath Financial Planning set up its own apprenticeship system to develop new talents. A key part of it was the belief that all advisers should experience the entry-level/administrative aspect so when they move up in their careers they’ll still value of every aspect of the advice process.
February 05, 2024
