Sequoia admits misleading ASX on media engagement
Sequoia Financial Group has admitted inaccurately representing to the market that Professional Planner breached an agreement to embargo a report of the sale of InterPrac Financial Planning. In a letter to the publication’s editors, Sequoia managing director Garry Crole apologised and praised their editorial integrity.
April 09, 2026
ASIC bans Shield, First Guardian-linked adviser for false SOA attributions
The corporate regulator has permanently banned former Venture Egg adviser Aristotle Papapavlou for allegedly presenting Statements of Advice in his name, or in the names of other financial advisers, to clients that neither he nor the other financial advisers had ever met.
April 09, 2026
ASIC seeks court intervention into InterPrac sale
ASIC has commenced Federal Court proceedings seeking the appointment of a receiver to investigate a proposed sale of InterPrac Financial Planning over concerns the new owners would avoid paying mounting liabilities of the firm.
April 08, 2026
Govt to ban advice fee deductions from super for fund switches
A ban on advice fee deductions from super for switching funds, requiring platform trustees to compensate members for losses, ending ‘but for’ determinations from the CSLR, and higher restrictions on lead generation are among the suite of reforms proposed by the government across three different consultations launched on Wednesday.
April 08, 2026
‘No Shield or First Guardians’ in managed accounts
Scrutiny of managed accounts is unwarranted given their track record which is yet to see a collapse like Shield and First Guardian or Dixon Advisory, according to a pair of proponents of the vehicle, which has layers of fiduciary responsibility preventing a similar type of failure.
April 07, 2026
MWL adviser banned 3 years for Shield breaches despite 3-month tenure
A financial adviser who spent three months with MWL Financial Services has received a three-year ban for breaching best interests duty when he advised six clients to invest in the Shield Master Fund.
April 07, 2026
Volatile markets put minimum volatility strategies in the spotlight
The assumption that higher risk equals higher returns is generally true, however, BlackRock believes there is empirical evidence that less risky stocks deliver similar or even better risk-adjusted returns than higher volatility stocks over the long term.
April 07, 2026
Building resilience when traditional diversifiers disappoint
Investors are paying more heed to diversification after an exceptionally bumpy start to the year in equity markets. For those after global equities exposure without the rollercoaster ride, minimum volatility strategies may offer an attractive alternative.
April 07, 2026
Only 12 super funds meet adviser-ready standard as industry funds underwhelm
Only three industry funds have made the list of 12 'adviser-ready' funds launched by the Financial Advice Association Australia and Chant West to help advisers assess which super funds are easiest to work with, despite the inroads that the profit-to-member sector claims to have made over the past few years.
April 01, 2026
Count to acquire advice firm Oracle in $72m deal
ASX-listed Count will acquire financial advice firm Oracle Group for $72.2 million, further expanding the national footprint of one of the country’s largest license owners. Count CEO Hugh Humphrey says the Oracle AFSL will be left behind and the firm’s 22 advisers will join Count’s employed advice channel.
March 31, 2026
