What ASX financial results tell us about licensee dynamics
A review of the most recently published accounts of three listed financial advice licensees shows how the drive to share in the revenue and profit of advice businesses is working in practice, and why it’s an increasingly attractive approach to take for licensees.
October 23, 2023
AFCA making slow progress on review recommendations
AFCA has implemented only four out of 14 recommendations of an independent review of the disciplinary body undertaken by Treasury in 2021. Despite this, CEO David Locke says the body is gearing up for the launch of an online portal in 2023-24.
October 23, 2023
Former abrdn CEO joins consulting firm KONU
Brett Jollie has become been appointed as a partner of investment and wealth management consulting firm KONU.
October 23, 2023
Mota leaves a leadership vacuum in institutional advice
The baggage of the Hayne royal commission and slow pace of progress on the Quality of Advice review reforms arguably hindered Renato Mota’s bold plans to transform Insignia Financial’s fortunes. But the 47-year-old leader was one of the few listed company CEOs standing up for the value of advice on the national stage, and that forms a large part of his legacy.
October 20, 2023
Bennelong and Leadenhall partner to distribute ILS strategies
Bennelong Funds Management has partnered with Leadenhall Capital Partners LLP to distribute its insurance linked securities (ILS) strategies
October 19, 2023
Netwealth and iCapital partner to distribute investments
Investment platform Netwealth and fintech platform iCapital have entered a strategic partnership.
October 19, 2023
Why licensees are suddenly so eager for aligned firm equity
As the number of financial advisers continues to decrease, fewer and fewer licensees’ growth plans depend on adding significant numbers of new advisers. Instead, they’re focusing on sharing in the growth of the advice practices in their existing network. A report released this week provides an insight into why this might be a winning strategy.
October 19, 2023
Under the radar: working with the watchdog
A trusted few financial advisers are bought under the wing of the regulatory watchdog to bring down their industry peers for corporate wrongdoing.
October 19, 2023
Exit of banks from advice has seen advice businesses thrive
Advisers who are no longer part of bank-owned licensees have gone from strength to strength since the Hayne royal commission and the banks’ exit from the profession, according to National Australia Bank research. While it is not longer in the business, the giant financial institution says it is optimistic about the sector.
October 18, 2023
Tapping into the biggest catalysts for people seeking advice
Life changing events can be micro or macro in nature, and can occur at any time. Either can be a catalyst for people to seek advice for the first time or to lean on an established relationship.
October 18, 2023
New directors elected to FAAA board
Members of the Financial Advice Association Australia (FAAA) have elected three new directors to the association’s board.
October 18, 2023
