Licensees

Licensees

Million-dollar advisers at a ‘decision point’: M&A experts

As acquisitive firms like CountPlus and AZ NGA – plus a bulging middle sector – build their networks, advisers with anything under $1 million in revenue are being forced to decide whether mergers and "bolt-ons" are inevitable.

Tahn SharpeFebruary 8, 2021

Licensees

Licensees self-interested, more concerned with revenue: SMSF Association

CEO John Maroney conveyed the association's dim view of AFSLs in a submission to ASIC's consultation on access to affordable advice, as well as some suggestions for ASIC about its image in the industry.

Tahn SharpeJanuary 20, 2021

Licensees

AMP provides external coaching for 80 advice practices

AMP Australia’s managing director of business partnerships, David Akers, tells Professional Planner the institution’s wealth division is making external consultants available to help advisers adapt to the new market landscape.

Tahn SharpeJanuary 18, 2021

Licensees

Top end of licensee list dwindles as AMP FP knocked off perch

The fall-off from AMP’s flagship licensee was expected, but it also highlights a stark trend; the big end of town is being levelled at a rapid rate and not even IOOF’s acquisitive position will restore the dynamic.

Tahn SharpeJanuary 13, 2021

Licensees

Lookback requests don’t mix regulatory standards: ASIC

The regulator denied using current regulatory standards for advice lookback reviews that involved older cases with different benchmarks. This comes as ASIC mulls abandoning the 7-year review period altogether.

Tahn SharpeJanuary 12, 2021

Licensees

IOOF wins over Godfrey Pembroke after 3-month courtship

GPL has accepted IOOF’s offer to migrate onto one of its rebranded licences, with the “vast majority” of advisers on board. “We’re not exactly married yet but we’re getting to know each other,” says Harry Mantzouratos, director of GPL’s Practice Development Group.

Tahn SharpeNovember 24, 2020

Licensees

ASIC gets flexible with licensees

The regulator highlighted a number of concessions it made to licensees affected by the pandemic in 2020, and said it "performed strongly" against its service charter despite a higher regulatory workload.

Tahn SharpeNovember 11, 2020

Licensees

Advisers face ESG legal risk as REST case settles

There is an “increasing risk” of actionable claims against advisers who don’t account for financial risk due to ESG factors, according to Mills Oakley lawyer Mark Bland. FASEA’s Standard 6 was a red flag, but the recent case against REST super has solidified the concern for advisers and licensees.

Tahn SharpeNovember 4, 2020

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