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Financial Planning

Platforms are more invested in adviser support

Oksana Patron 27 May 2022

Platforms are investing heavily to offer support and services to advisers, given a growing number of advice licensees now having to operate without an institutional umbrella.

Sarah Brennan, Investment Trends chief executive, said at Financial Newswire’s Platforms, Wraps and Advice Technology 2022 conference in the Hunter Valley, that according to…

Bulls plummeting off a cliff

Financial Planning

Advice licensee numbers plummet below 2,000

Mike Taylor 27 May 2022

The number of financial advice licensees has dropped through the 2,000 barrier in another week which has seen more than 100 financial advisers exit the Financial Adviser Register (FAR).

According to the latest analysis of the FAR from WealthData, there are now only 1,944 licensees still registered in Australia, despite…

Hand reaching out from under a mountain of papers

Financial Planning

Treasury ‘stunned’ by advice red tape

Mike Taylor 27 May 2022 One Comment

Treasury officials have revealed being ‘stunned’ when told of the level of red tape required to provide advice.

Career choices

Financial Planning

Want cheaper advice? Reduce regulatory costs

Mike Taylor 27 May 2022 No Comments

Reducing the time and cost involved regulatory compliance is the key to lower advice costs.

Coins green shoots ETF

Funds Management

BetaShares launches solar energy and uranium ETFs

Oksana Patron 27 May 2022 No Comments

BetaShares has launched two new ETFs, which will offer investors exposure to two alternative energy sources, solar energy and uranium.

New appointment

Financial Planning

Baird joins Future Generation as new chair

Oksana Patron 27 May 2022 No Comments

Future Generation Australia has announced that Mike Baird will join the firm’s board of directors and become its new chair.


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Financial Planning

ASIC cancels AFS licence of Perth-based group

Oksana Patron 27 May 2022 No Comments

ASIC has cancelled the AFS licence of Perth-based, Quattro Capital Group for failing to maintain the competence to provide financial services.

Gold fish jumps to bigger bowl

Superannuation

BT Super sold to Mercer

Mike Taylor 26 May 2022 No Comments

Westpac and BT have confirmed the sale of the BT Superannuation business to Mercer.

Business for sale sign

Financial Planning

Advisers now paying up to 7x earnings for client books

Mike Taylor 26 May 2022 2 Comments

Financial advisers wanting to grow their lists of HNW clients are now willing to pay as much as 7x earnings.

Collateral damage note

Superannuation

Super funds worry about multi-million dollar impact of APRA data project

Mike Taylor 26 May 2022 No Comments

Superannuation funds could be stung for millions of dollars to meet the regulator’s data collection needs.

White graph with explosions and red line going up

Funds Management

Global equities most popular among new funds

Oksana Patron 26 May 2022 No Comments

The global equities funds, with a sharp rise in ESG themed funds, dominated the recently launched funds, according to Equity Trustees.

Online investing

Funds Management

ASIC LEI consultation highlights push for global alignment

Oksana Patron 26 May 2022 No Comments

ASIC’s new consultation paper on LEI has stressed increased push for global regulatory harmony.

Photo of sign with arrivals and departures

Superannuation

Cbus appoints new group executive

Yasmine Masi 26 May 2022 No Comments

Antony Thow will replace the outgoing Robbie Campo in the Group Executive Brand, Growth and Product role at Australian super fund, Cbus.

Climate change

Knowledge

RIAA, TNFD forge partnership

Yasmine Masi 26 May 2022 No Comments

The Responsible Investment Association Australasia and the Taskforce on Nature-Related Financial Disclosures have partnered together.