Industry Updates

FNZ appoints non-executive director

Global wealth management platform developer FNZ has appointed Kirsty Gross to support the group’s growth strategy, governance, and risk management in the Australian market.

Infocus’ million-dollar solution to fee consent

Infocus will spend $1 million on an app that the firm will offer other advice practices free of charge. The group’s founder Darren Steinhardt wants to share it at no cost to his advice contemporaries out of respect for the profession he believes has been generous to him.

Hartley to depart AMP amid restructure

Embattled wealth giant AMP has restructured the business, resulting in the departure of Australian wealth management CEO Scott Hartley at the end of the year. However he will stay on with the business for the next six months as it transitions its operating model.

Govt appoints TPB chair

Peter de Cure has been appointed chair of the Tax Practitioners Board, replacing Ian Klug.

Allianz Retire+ appoints two state managers

Allianz Retire+ has appointed Stephen Armstrong and Natalie Philips as state managers.

ASFA chief steps down

The Association of Superannuation Funds of Australia CEO Martin Fahy has informed the board he will resign after seven years in the role.

Advisers should focus on digitisation and inner beauty

Flowers in reception and mints in meeting rooms are nice but they don’t move the dial on performance, writes AZ NGA’s Paul Barrett. Advice businesses need to spend more time on the unseen to ensure the right enterprise architecture to underpin growth.

a.i. aims to maintain adviser support despite facing voluntary administration

After almost entering voluntary administration this week due to its major financial backer Regal Funds Management pulling out, Advice Intelligence will seek other financiers as it aims to avoid any service disruption to its adviser network.

Picture this: How succession and technology drove a deal designed to revolutionise advice

The acquisition of Futuro and Insight Investment Services by Perth-based fintech Picture Wealth creates a succession plan for the co-founder of Futuro and, at the same time, an opportunity to deliver leading-edge advice technology to a wider network of advisers.

‘It was the wrong strategy’: AustralianSuper CIO rues unlisted property missteps

Mark Delaney, the CIO of $276 billion AustralianSuper, admits the fund’s unlisted property strategy was wrong, but unwinding the exposure will take some time.

Holden employee fund merges into Mercer Super Trust

Mercer has signed an agreement with the trustee of Holden Employees Superannuation Fund (HESF) to transition HESF into the Mercer Super Trust via a successor fund transfer.

Fourth Line restructures leadership team

Advice regtech firm Fourth Line has re-structured its leadership team to advance its goal of fully automating the financial advice assurance process.

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