Oreana partners with Encore Advisory to lift advice equity capabilities
Oreana will partner with Encore Advisory to help boost the licensee’s equity stake proposition. Oreana will continue to provide capital solutions and operational services, but the enlistment of Encore will help advice practices strategic growth, merger or succession planning decisions.
March 05, 2025
BlackRock buys Hong Kong firm’s Panama Canal port stake
A Hong Kong-based conglomerate has sold its stake in a number of ports around the Panama Canal to a consortium of investors including BlackRock.
March 05, 2025
AMP licensees re-brand as Akumin
Entireti will rebrand the former AMP licensees it acquired last year to Akumin.
March 05, 2025
‘War on inefficiency’ rages as platforms try to standardise processes
Platforms are trying to streamline their processes, which has led to a “war on inefficiency” according to research from SuitabilityHub. The findings come as advisers are looking to minimise the number of platforms they use to help improve their own business efficiency.
March 04, 2025
External advisers maintain lion’s share of $1.7 billion super fund advice fees
The prudential regulator’s latest fund-level expenditure data shows funds’ advice costs totalled $1.7 billion in FY24, including $1.52 billion paid to external advisers. Funds spent just $82 million on intrafund advice, and $99 million on their own advisers.
March 03, 2025
FAAA calls for major law changes to fix CSLR
The Financial Advice Association of Australia has called for major changes to the way AFCA and the CSLR operates, including reducing the subsector cap and allowing AFCA to apportion blame to product manufacturers. In its submission to the review of the scheme, it also called for changes to insolvency laws and tougher penalties for directors that don’t pay AFCA determinations.
March 03, 2025
Advisers urged to consider life insurance benefits amid surging cost-of-living
A whitepaper from Zurich has found a significant financial burden associated with the treatment of many medical conditions in Australia. The report is a strong reminder about the importance of life insurance, which can be overlooked by consumers when seeking financial advice.
March 03, 2025
Adviser shortages spell trouble globally
The shortage of advisers is not only an issue in Australia as the UK and US are equally unable to meet the growing demand for advice with declining adviser numbers. The three countries have launched initiatives to attract new entrants to the profession and keep up with demand.
February 28, 2025
ASIC private markets paper weighs up retail client impact
ASIC has questioned the democratisation of private markets and whether the opportunity for retail clients is outweighed by the exposure to risk. It’s part of a sweeping paper on the impact of private markets, which raised serious concerns about private credit and anticipated there will be failures in the fast-growing asset class.
February 28, 2025
