Jameson joins AMP to drive SMSF strategy
AMP’s newly formed business unit, AMP SMSF, has appointed Craig Jameson as director of business operations with immediate effect. Jameson was previously managing director at ANZ-owned SMSF specialist Super Concepts.
July 03, 2012
Shared philosophy, Google lead to merger
A “philosophical partnership” between the Brisbane-based Fitzpatricks Financial Group and the West Gosford-based Moneywise Group Australasia signals the emergence of a new, national non-aligned group positioning itself as a true alternative to institutionally-owned advice networks. Same philosophy
July 02, 2012
New financial year:
the outlook for markets
The impact of today’s global uncertainties on the Australian economy, stockmarket and investors this financial year can be separated into those associated with a crisis of confidence and those associated with ongoing debt deleveraging. If anything, it might create a short-term buying opportunity for local investors in the Australian market.
July 02, 2012
FoFA: the unanswered questions
The Association of Financial Advisers (AFA) says the government’s suggestion that licensees and advisers will compete to be FoFA-ready is “unrealistic” given that key components of the reform remain unresolved. While the Future of Financial Advice (FoFA) legislation has now passed through the Senate, the AFA is concerned that key questions still have not been answered.
June 21, 2012
Peter Daly heads down Yellow Brick Road
Peter Daly has been appointed to head a Yellow Brick Road recruitment campaign less than a month after his sudden departure from Australian Financial Services (AFS) Group. While Daly will not be given a specific target to reach by a particular time, Yellow Brick Road CEO Matt Lawler told PPO the demand for a full financial planning service is being driven by the company’s branches.
June 21, 2012
High net worth: so why are they doing it tough?
Spare a thought for the world’s ultra-rich In calendar 2011, ultra high net worth individuals (UHNWIs) got smashed by falling asset prices The Capgemini/RBC Wealth Management 2012 World Wealth Report reveals that the world’s high net worth (HNW), or millionaire, population increased by 0.8 per cent to 11 million – which means that more people reached the threshold level to be classified as a millionaire – yet the global HNW population’s total wealth declined by 1.7 per cent.
June 21, 2012
Are dealer groups a barrier to true professionalism?
President of the Boutique Financial Planning Principals Group Claude Santucci says advisers are seriously questioning the benefits they are receiving from their dealer groups. Professional financial planning comes down to putting clients’ interests first.
June 19, 2012
Government is just trying to keep up: Ripoll
The former chair of the Parliamentary Joint Committee (PJC) on Corporations and Financial Services Bernie Ripoll has revealed how his view of the financial services sector was altered by the public hearings that his committee undertook nationally. We are just trying to keep up.”
June 07, 2012
June 2012: Digital Content
Please click on the links below to access articles from Ray Henderson, Alan Shields, Robert MC Brown and Matt Linnert, along with a case study to from Kelvin Boyd's article on foreign super funds.
June 01, 2012
Taskforce to keep FoFA in white knight’s sights
Financial advisers who hope a change of government will see the pending Future of Financial Advice (FoFA) reforms watered down may have an unlikely ally. While Senator Mathias Cormann has repeatedly presented himself as a white knight prepared to battle the government’s compliance dragon, his Liberal Party colleague Senator Arthur Sinodinos will soon champion the deregulation cause.
May 29, 2012
FoFA a game changer for portfolio construction
Financial reform is forcing a rethink on portfolio construction with investment philosophy firmly in the spotlight. In the first of PPO’s Education Series interviews we asked Graham Rich to outline what affect Future of Financial Advice (FoFA) legislation will have on portfolio construction.
May 29, 2012
AFS CEO Peter Daly goes but business as usual
The board of Australian Financial Services (AFS) Group felt departing chief executive Peter Daly did not have the skills to take the dealer group any further and decided new blood was required. Earlier the AFS board had issued a statement thanking and acknowledging Daly’s contribution to the dealer group and wishing him every success in his future endeavours.
May 24, 2012
