Retirements, resignations likely to offset new post-exam entrants
20 December 2024The financial adviser exam results have continued to trickle in, and have driven a rise in the number of new entrants added to the ASIC FAR.
Merry Christmas from Financial Newswire
20 December 2024Financial Newswire is holidays until 7 January, 2025. We wish our readers a Merry Christmas and a Happy New Year.
Govt should indemnify advisers against ASIC inaction
19 December 2024If ASIC declines to act on reports of advice misconduct the financial planning sector should be indemnified against the related CSLR costs.
Insignia dismisses Bain Capital takeover bid
18 December 2024In less than one week since announcing it had received a proposed takeover bid from Bain Capital, Insignia Financial has rejected it.
AZ NGA will ‘ramp up’ M&A activity as Oaktree deal finalised
18 December 2024AZ NGA has flagged a period of ‘ramped up’ M&A activity at the same time as its $240 million deal with Oaktree Capital has been finalised.
Reshaped Insignia attractive to PE
16 December 2024The level of PE interest in firms such as Insignia Financial and Perpetual signals how much value is perceived to exist in wealth management.
US private equity firm submits bid to acquire Insignia Financial
13 December 2024Insignia Financial has announced to the ASX that it received a bid from US private equity firm, Bain Capital, to acquire the company.
The missing 4,557 potential adviser cohort
13 December 2024Financial adviser numbers are growing but there are 4,557 people who have passed the Financial Adviser Exam who are choosing not to practice.
ASIC still wants to spend more on lawyers
12 December 2024ASIC has confirmed extracting more than $166m in legal penalties in 2022-23 whilst arguing the case for spending more on lawyers.
FAAA accuses ASIC of being off-target on Dixon Advisory
12 December 2024The FAAA has left a key Parliamentary Committee in no doubt ASIC focused too much on Dixon Advisory advice and too little on product.