Lloyd to ‘segment and protect’ Godfrey Pembroke
Geoff Lloyd speaks to Professional Planner about MLC’s new blueprint for advice, the consolidation of its licensee footprint and why Godfrey Pembroke remains a standalone entity.
August 15, 2019
Tricks for avoiding buyers’ remorse as M&A heats up
Amid a flurry of mergers and acquisitions in the advice industry, a legal consultant warns both buyers and sellers to beware. Deep warranties and stringent indemnities could be crucial as principals navigate frothy waters.
August 14, 2019
Advisers taking challenges in stride: Investment Trends
A recent report by the researcher indicates the vast majority of planners have no plans to leave the industry and are willing to tackle FASEA and the compliance burden head-on.
August 14, 2019
IOOF to ditch OSAs for annual agreements
The nation’s second largest licensee owner is getting ahead of likely legislation and rolling out plans to service clients on yearly terms, according to general manager of advice Darren Whereat.
August 13, 2019
The advice sherpa: A new career pathway emerges
Melinda gave up licensed advice to set up a ‘navigation, translation and review’ service that chaperones people through the advice process and tells them if their adviser is doing it right.
August 12, 2019
CBA whistleblower: protection policies aren’t enough
ASIC is only now instigating protection laws for people like Jeff Morris, who blew the lid on CBA malfeasance 10 years ago. If the government was serious, he says, they'd set up an independent body.
August 09, 2019
AMP to amend BOLR terms and cull adviser group
Part of the wealth giant’s billion dollar raising will go towards fixing its legacy issues and "reinventing" its struggling advice division, with fewer advisers plus changes to its buyout scheme.
August 08, 2019
Advisers achieve 90pc pass rate on FASEA exam
FASEA CEO Stephen Glenfield has extended his congratulations to those who passed the first ever adviser exam, now a requirement to be a practising financial adviser.
August 08, 2019
Get the two biggest business decisions right
Selecting the right asset consultants and platforms are some of the most crucial decisions practice managers will make, so it pays to get it right first time.
August 07, 2019
CBA abandons Financial Wisdom with ‘assisted closure’
The nation’s largest bank announced this morning that its Financial Wisdom licensee will be closed, with licensing through its last major wealth asset to finish in June 2020.
August 07, 2019
Turning advisers to managed accounts like ‘hand to hand combat’
CIOs from Viridian and Shaw & Partners discussed the challenges involved in convincing advisers of the merits of managed accounts at a conference in Sydney.
August 06, 2019
