Professionalism fights its way back onto FAAA agenda
The Financial Advice Association is canvassing member views for its policy platform up to 2030. While advocacy was raised as a key concern by members during the merger of the two main advice associations earlier this year, the ongoing professionalism of financial advice has not been forgotten by the membership base.
November 21, 2023
Total super assets hit $3.56 trillion in September: APRA
Australia’s total superannuation assets have increased 8.5 per cent year on year thanks to strong contribution inflows and positive investment returns.
November 21, 2023
Acadian paper highlights extension strategies
A new paper identifies the differentiation of strategies that improve risk-adjusted performance from those that simply amplify active risk.
November 21, 2023
CFS launches new integration feature for FirstChoice platform
Platform aiming to reduce set-up time for new and existing accounts via integration with wealth management software Xplan.
November 21, 2023
WT Financial Group picks up Millennium3 for $2m
Just months after Insignia Financial signalled its intention to offload its licensee businesses, WT Financial Group will pick up Millennium3 bringing on board 75 advice practices and 140 advisers.
November 21, 2023
Growth funds’ returns dip in October: Chant West
The return of median superannuation growth funds (invested 61 to 80 per cent in growth assets) fell 1.5 per cent in October, according to fund research group Chant West.
November 20, 2023
Retail super giants abandon ASFA, adding to financial woes
Insignia Financial and Colonial First State ceased their membership of the troubled Association of Superannuation Funds of Australia in recent months. The exit of two major members is expected to result in a financial hit of at least $150,000 for the peak body and follows a round of staff redundancies.
November 20, 2023
Unique roles present distinctive opportunities for women in advice
Several prominent female advisers have moved from serving higher balance, retirement-focused clients to roles coaching women in financial literacy. But while these women have branched out to serve a much-needed market, there is still a gap in the provision of holistic advice that needs to be filled by more women.
November 17, 2023
COG takes ClearView’s Centrepoint holdings
COG Financial Services has acquired 19.99 per cent of Centrepoint for $13 million, just days after pulling its rival offer for Diverger.
November 17, 2023
Count amends Diverger offer
Count has amended its binding scheme implementation agreement to acquire Diverger, announced in September and due to be completed in February.
November 17, 2023
