Licensees

Licensees

No more ‘handcuffs’: AMP dumps BOLR deals and releases client books

"We've evolved a lot," managing director of advice Matt Lawler tells Professional Planner shortly after AMP announced it was shedding BOLR agreements and institutional ownership of client books. A week before new CEO Alexis George finds her desk, the group has reshaped its advice arm for the post-royal commission era.

Tahn SharpeJuly 26, 2021

Licensees

Ex-Godfrey Pembroke boss outlines licensing blueprint

"I wanted to see clearly the synergies and disconnects between what advice businesses see as value and what was possible and doable from a licensee perspective,' says the consultant and former managing director of MLC's flagship licensee.

Tahn SharpeJuly 22, 2021

Licensees

Breach reporting regime a mammoth task for licensees: Allens

ASIC's new breach reporting regime will be a huge incursion for licensees and add a significant risk element to their compliance framework, legal experts warn. Mixed messaging and a sneaky "dobbing" provision aren't making things easier, they say.

Tahn SharpeJuly 14, 2021

Licensees

549 advisers gone in EOFY exodus week

Over 500 advisers were taken off ASIC's registry through the final week of the financial year in a deepening of the personnel crisis, with accountants offering SMSF advice under a limited license leading the charge to the exit gates.

Tahn SharpeJuly 2, 2021

Licensees

Advice Bill introduces individual registration for advisers

The move to have advisers graduate from licensee registration to individual registration for the industry's new single disciplinary body is seen as a small but significant step towards individual accountability for advisers, sans licensees.

Tahn SharpeJune 25, 2021

Licensees

Corps Act split would separate companies from consumers: ALRC President

The ALRC president explained how lifting Chapter 7 from the Corps Act would separate consumer protection obligations from company lifecycle regulation, which would both improve navigability and reduce complexity.

Tahn SharpeJune 16, 2021

Licensees

HUB24, IOOF ready to fill the technology ‘gap’ left after WEXIT

The big banks’ collective retreat from wealth management left a giant void in terms of investment in technology and infrastructure. Given tech has been pegged as the saviour of advice, it’s up to platform providers like HUB24 and large groups like IOOF to take up the reigns.

Tahn SharpeJune 10, 2021

Licensees

The quiet leadership group behind licensees

They eschew publicity and don't want to become "another voice" representing advisers, but this group of licensee notables is meeting regularly to not only discuss the challenges before them, but see if they can figure out a few solutions.

Tahn SharpeJune 9, 2021

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