FAAA appoints marketing & communications manager
The Financial Advice Association has appointed Ben Rutherford as marketing and communications manager.
July 10, 2023
Adviser numbers down, but rate of decline slows
Adviser losses over the last financial year were still in the triple figures, but significantly lower than the years immediately following the Hayne Royal Commission, Wealth Data research shows.
July 07, 2023
Self-licenced practices – An alternative view on risks
It’s easy to view self-licensed advisers as the wild west of advice practices, but Paul Harding-Davis writes that any argument there is a systemic problem in the sector may be driven by those who have a vested interest in the status quo.
July 07, 2023
Platforms create ‘adviser alpha’ but can improve data game
Platforms contain a wealth of data to provide practices with insights on investment and adviser performance, but the CEOs of two leading providers admit they could better utilise this data in the market.
July 06, 2023
‘Highly unprofessional’ Openmarkets hit with record fine
Stockbroker Openmarkets has entered an enforceable undertaking after being hit with the largest-ever penalty imposed by ASIC’s Markets Disciplinary Panel. The regulator uncovered a culture of unprofessionalism that led to several breaches of market integrity rules.
July 06, 2023
Young Australians ‘unrealistic and confused’ about retirement
Australians aged under 35 years old are more “unrealistic and confused” about their retirement future than older generations, according to research from Aware Super.
July 06, 2023
AustralianSuper pinches Paula Benson from IFM
AustralianSuper has appointed Paula Benson as chief officer of strategy and corporate affairs.
July 06, 2023
Ignition nabs Mason Stevens CTO
Ignition Advice has appointed Masons Stevens chief technology officer Enda Mahoney to lead the digital advice firm’s platform and product division.
July 06, 2023
Alternatives can anchor portfolio returns, as Markowitz espoused
Diversification across asset classes in the primary portfolio decision, but where alternatives sit in the process is up for debate. With uncorrelated returns offering strong returns during poor market cycles, alternatives have an argument to be part of the primary portfolio decision.
July 06, 2023
‘Good feeling’: AMP planners prevail in BOLR class action
AMP has been ordered to pay damages to two practices involved in the class action lawsuit over controversial changes to its Buyer of Last Resort scheme. The decision is being celebrated by affected firms, many of whom hoped to sell out after legislative change made their business models financially unviable.
July 05, 2023
