‘Missing an opportunity’: Teal independent in affordable advice push
The Quality of Advice Review’s controversial recommendation to encourage banks to give more financial advice may have found a powerful new ally, as independent MP Allegra Spender grills NAB chief executive Ross McEwan about whether the big banks could or should do more.
July 12, 2023
Praemium appoints governance & risk lead, completes executive refresh
Adviser platform Praemium has appointed Rachel Axton as chief governance and risk officer, completing the refresh of the executive team.
July 12, 2023
Sequoia adds professional services firms in $3.15m deal
In a boost to its licensee services, Sequoia Financial Group has signed a heads of agreement to acquire and merge the businesses of Castle Corporate and Castle Legal.
July 12, 2023
ASFA urges closure of retirement savings gender gap
Peak body ASFA is calling for the government to close the gap in retirement savings between women and men.
July 12, 2023
Mason Stevens appoints Toussaint as CFO
Specialist wealth platform provider Mason Stevens has appointed Laurent Toussaint as chief financial officer.
July 12, 2023
Global equity funds most popular Australian launches
Global equities are the go-to choices for Australian investors, capturing a 22 per cent slice of the pie in the latest 100 funds launched by Equity Trustees.
July 12, 2023
Tech adoption tops adviser numbers as leading growth indicator
Licensees used to be fixated on how fast they can increase adviser numbers as an indicator of their health. CoreData Research has uncovered other factors that are beginning to emerge that suggest it’s not how many advisers that matters, but how well they’re supported to grow.
July 11, 2023
Count CFO to depart 17 months after Rowe
Count chief financial officer Laurent Toussaint will depart the company at the end of September. Toussaint’s five-year stint at the company saw him step in as interim leader after the departure of Matthew Rowe early last year.
July 11, 2023
Managed funds experience $2.8b outflows
Managed equity funds have seen the worst quarter in five years, with outflows across all fund types totalling a net $2.80 billion in Q2, according to the latest Fund Flow Index from global funds network Calastone.
July 11, 2023
State Street appoints global sustainability head
State Street Corporation has appointed executive vice president Jessica Donohue as head of global investment insights, sustainability, and impact; replacing Rick Lacaille, who announced his retirement earlier this year.
July 11, 2023
Most super funds will be dragged to advice ‘kicking and screaming’
While some industry super funds are interested in expanding their advice offering post-QAR, many others are wary about meeting any potential further expectations to give advice and would rather steer clear of it.
July 10, 2023
The pitfalls of inconsistent leadership
Strong leadership involves making tough calls, writes Elixir Consulting senior consultant Lana Clark. The one detrimental issue commonly found among advice practice owners is the inability to make a decision and stick with it.
July 10, 2023
