The 500k gap between the best and the average
There is a half-a-million-dollar opportunity for middle-of-the-pack advice practices to improve their profit margins, according to research commissioned by Iress. The research also shows the advice industry will grow by another $2 billion revenue over the next decade despite stagnant adviser growth.
July 25, 2024
Using advice as a force for good
It’s far from unusual for advice practices to aim to grow, but Via Financial Group co-founder Matthew Read sees growth as being more than just boosting revenue – it’s a matter of impacting the community.
July 24, 2024
ART reshuffles executive team
The nation’s second-largest super fund, Australian Retirement Trust, has reshuffled its executive team in one of the first major moves under new CEO, David Anderson.
July 24, 2024
Antipodes acquires Maple-Brown Abbott
Antipodes Partners has finalised an agreement to acquire 100 per cent of Maple-Brown Abbott.
July 24, 2024
‘Focus on the main game’: Jones’ pep talk on advice reforms
Minister for Financial Services Stephen Jones has called for the industry to remain supportive of his advice reform package, as time to get further legislation passed begins to run out. As the opposition ramps up its attacks on the Minister’s record, Jones has countered that the legal framework for advice had been “inadequately addressed and in many instances abandoned” by the Coalition.
July 23, 2024
ASX stock pumpers dumped with charges
The corporate regulator has gained a small win in court with charges laid over a “pump-and- dump” scheme on the ASX. It comes 18 months after the matter was first referred for prosecution and during heightened scrutiny over ASIC’s enforcement effectiveness.
July 23, 2024
REST makes impact allocation in its PE book
REST has made a US$75 million ($112 million) impact investment allocation to a private equity fund expected to “benefit from the long-term decarbonisation and deglobalisation of the global economy”.
July 22, 2024
Vanguard Super appoints non-executive director to trustee board
Vanguard Super has appointed Robin Bowerman as a non-executive director on the trustee board.
July 22, 2024
Mercer Super appoints Jim Minto as chair
Retail fund Mercer Super has appointed industry veteran Jim Minto as chair of its trustee board, replacing Jan Swinhoe.
July 22, 2024
The art of handling an email breach
Working out who is responsible for business email compromises isn’t always an easy task for financial advice businesses to navigate, but having the correct protocols in place for handling a breach is an important part of governance.
July 19, 2024
