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Financial Planning

Diverger buys 35% equity in McGregor Wealth

Oksana Patron 4 July 2022

Diverger has announced it has acquired a 35% equity interest in McGregor Wealth Management (MWM), a financial planning practice licensed through Diverger-wholly owned subsidiary GPS Wealth, following the execution of its agreements effective 1 July 2022.

In the announcement made today to the Australian Securities Exchange (ASX), the firm said…

Gold fish jumps to bigger bowl

Financial Planning

CountPlus investment grows Count adviser numbers

Mike Taylor 4 July 2022

Count Financial has grown its number of financial advisers with the announcement today that its parent, CountPlus, had made a 32.75% investment in financial services and advice business, WSC Group.

Announcing the investment, CountPlus said that the transaction would add another three authorised representatives to the Count license.

CountPlus said…

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Financial Planning

FPA pushes competency assessment instead of experience pathway

Mike Taylor 4 July 2022 3 Comments

The FPA has reasserted its opposition to the ‘experience pathway’ while preferring competency assessments for advisers.

Off target

Financial Planning

Financial planning – a victim of political short-sightedness and expediency

Mike Taylor 4 July 2022 One Comment

Nearly three years after the Josh Frydenberg squashed co-regulation financial planners still don’t have a single disciplinary body.

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Life Insurance

MLC Life Insurance appoints new chief risk officer

Oksana Patron 4 July 2022 No Comments

MLC Life Insurance has announced the appointment of Jane McGovern as its new chief risk officer.

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Financial Planning

Frontier announced change of chair

Oksana Patron 4 July 2022 No Comments

Frontier Advisors has announced a retirement of its director and chair, Gabriel Szondy, from his position of the asset consultant’s board.


INDUSTRY NEWS

Fiducian Spon Con

Industry News

Grow your successful Financial Planning business today

Financial Newswire Contributor 1 July 2022 No Comments

After Fiducian acquired People’s Choice Credit Union’s financial planning business in 2022, they’ve welcomed 16 new financial planners.

Policy smashing the super indsutry

Industry News

Income protection insurance – from bad to worse

Col Fullagar 30 March 2022 2 Comments

Life/risk expert, Col Fullagar argues that where income protection insurance is concerned, the situation has gone from bad to worse.

Several headshots of speakers at FNW Roundtable

Industry News

Yes, the banks will come back to advice – on their terms

Mike Taylor 29 November 2021 No Comments

The major banks will re-enter financial advice but on their terms according to Financial Newswire’s roundtable,

Several headshots of speakers at FNW Roundtable

Industry News

Financial planning faces inevitable consolidation

Mike Taylor 26 November 2021 No Comments

The financial planning industry is facing inevitable consolidation according to a Financial Newswire roundtable.

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Funds Management

What inflation level should investors expect by year-end?

Oksana Patron 4 July 2022 No Comments

The RBA’s predicted inflation rate to 7% by year-end may be wishful thinking, according to Rush Gold’s director, Mark Pey.

New appointment

Funds Management

Firetrail promotes analyst to PM

Yasmine Masi 4 July 2022 No Comments

Firetrail Investments has promoted analyst Eleanor Swanson to Portfolio Manager of its Australian Small Companies Fund.

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Fintech

Morningstar acquires Praemium’s international business

Mike Taylor 1 July 2022 No Comments

Global research and rating house Morningstar has acquired the UK and international business of Praemium.

Exploding hour glass

Financial Planning

126 advisers exit signalling possible FY rush

Mike Taylor 1 July 2022 One Comment

In what may be the start of an end of financial year rush, 126 financial advisers have exited the Financial Adviser Register.

Man entering maze

Financial Planning

Why investing in financial advice has become unattractive

Mike Taylor 1 July 2022 4 Comments

The regulatory environment around financial planning has made it so unattractive that it has virtually stalled investment in the sector.

Stress level odometer reading Maximum

Funds Management

Demographics and deglobalisation among key themes impacting investors

Oksana Patron 1 July 2022 No Comments

The four major global forces “Four D’s” impacting markets will be demographics, debt, deglobalisation and disruptive technologies.

John-Whelan-PMCapital

Funds Management

Concentrated portfolio of best ideas

Oksana Patron 1 July 2022 No Comments

Being open to discussions and the ability to reflect on your own mistakes are key for a successful portfolio manager, says John Whelan.

Matt-Reynolds-CapitalGroup

Funds Management

Importance of diversity

Oksana Patron 1 July 2022 No Comments

According to Matt Reynolds, Financial Newswire’s Star Manager, the importance of diversity cannot be overstated.