Industry

Licensees

After 20 years, we’ve almost reached peak compliance

Allison Dummett, who was a founding director at licensee Matrix in 1999, reflects on changes to licensing over the last 20 years and what that means for new advice business practices in 2019.

Tahn SharpeAugust 16, 2019

Licensees

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.

Tahn SharpeAugust 15, 2019

Industry

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.

Matthew SmithAugust 14, 2019

Industry

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.

Tahn SharpeAugust 14, 2019

Industry

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.

Matthew Smith and Tahn SharpeAugust 13, 2019

Industry

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.

Tahn SharpeAugust 8, 2019

Licensees

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.

Tahn SharpeAugust 7, 2019

Industry

Time to move on: Advisers taking the next step

Those deep in conversations with advisers regarding their next step paint a picture for what an adviser’s world might look like after advice.

Professional PlannerAugust 5, 2019

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