PIS strengthens business consulting to support growth
Centrepoint Alliance today announced two new appointments to Professional Investment Services’ Business Consulting team, Darren Black and Ryan Goodfellow further strengthening their business consulting capability to support adviser practice and network growth. Reporting to Head of Distribution Strategy and Marketing, Neil Rogan, Darren and Ryan have been appointed to further strengthen the service and support
April 11, 2014
ASIC, Commonwealth Financial Planning under scrutiny at Senate inquiry
The extent and speed of the Australian Security and Investments Commission’s (ASIC) investigation into Commonwealth Financial Planning (CFPL) was questioned yesterday during the Senate Economic Reference Committee’s inquiry into the regulator. “How deep did they probe?” asked committee member Senator David Fawcett, in relation to the regulator’s investigation into forgery and fraud allegations directed at
April 11, 2014
General advice an important link in the financial planning chain: NAB
General advice provides an important entry point for Australians who can’t necessarily afford personal financial advice, according to John Flavell, executive general manager of wealth advice for National Australia Bank. Asked about his views on the payment of commissions for general advice, Flavell says that “in terms of how we reward our people…part of the
April 11, 2014
Financial planners harness the tools of the trade
Investment tools that were once the domain of institutional fund managers are now readily available to financial planners, giving them the opportunity to be more involved in the investment process. Tim Bradbury explains. One of the recent (and common) themes in the investment marketplace revolves around the perceived uncertainty of market directions – globally and
April 11, 2014
Advisers flock to Synchron
Synchron has increased its adviser numbers by over 10 per cent during the period 1 March 2014-7 April 2014 and has had to recruit additional permanent staff members to its head office in Melbourne in order to process the influx of applications and deliver services to advisers. “We are delighted to report that 34 individual
April 10, 2014
ANZ to sell Trustees to Equity Trustees
ANZ today announced it has agreed to sell ANZ Trustees to Equity Trustees Limited and form a new strategic relationship with Equity Trustees involving a range of exclusive client referral and service arrangements. ANZ CEO Global Wealth Joyce Phillips said: “The sale of ANZ Trustees is part of a continuing focus on the key elements
April 10, 2014
Financial Planning Services Australia names advice award winners
FPSA has awarded its two most prestigious awards at its Hamilton Island conference. Tim Kent of Kent Private Wealth and Frank Schaechtili of FFP Pty Ltd have won the national financial planning awards. In a ceremony at FPSA’s final evening of the conference, Tim Kent, proprietor of Kent Private Wealth was the recipient of the
April 10, 2014
Professional Adviser focus is firmly on client services and not FoFA in 2014
A recent survey of professional advisers has revealed that their main focus is on delivering value and services to their clients rather than waiting for FoFA to be finalised. The survey was conducted by the Advice Leaders Forum (ALF), started by a group of industry stalwarts seeking to better understand industry trends and to share
April 10, 2014
FPA announces winners of inaugural Financial Planning Research Grants to academics
The Financial Planning Education Council (FPEC) today announced the two winners of the inaugural FPEC University Research Grants. The winners of the grants have been named as a team from Griffith University and a consortium of academics from Griffith University, University of Southern Queensland and University of New England. The initial grants, sponsored jointly by
April 09, 2014
Financial planners’ unpaid FOS penalties exceed $7.6 million
Financial service providers (FSPs) that have been subject to an adverse finding by the Financial Ombudsman Service (FOS) since January 2010 have outstanding compensation payments of more than $8.3 million, with clients facing an uphill battle to be paid what they are owed. Financial services providers (FSPs) whose primary business is financial advice owe wronged
April 09, 2014
Revealed: all the Chant West|Conexus Financial 2014 Super Fund Award finalists
Chant West, in partnership with Conexus Financial, will present its second annual superannuation and pension awards on May 21. The winners will be announced at a black-tie function at the Ivy Ballroom, Sydney, co- hosted by Conexus Financial, publisher of Professional Planner and Investment Magazine. Once again, Chant West will take its deep industry knowledge
April 08, 2014
Prosperity Advisers health practice grows through strategic partnership
Prosperity Advisers has consolidated its position as the leading advisory service to the medical and health industry with the launch of its online advisory portal and a strategic partnership with medical advisory firm McMasters. Melbourne-based practice McMasters has over 20 years’ experience in financial consulting to the health sector. The alliance has strengthened Prosperity’s depth
April 08, 2014
