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126 advisers exit signalling possible FY rush

Mike Taylor 1 July 2022

In the last week of the financial year a further 126 financial advisers have exited the Financial Adviser Register (FAR) with the expectation being that there are more exits to come as data reaches the Australian Securities and Investments Commission (ASIC).

And according to analysis conducted by WealthData principal, Colin…

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Why investing in financial advice has become unattractive

Mike Taylor 1 July 2022

Investment in financial planning is at an all-time low. Most large licensees who traditionally invested significant amounts of capital into the profession, compliance and technology have left, according to the Financial Planning Association (FPA).

Additionally, the FPA is asserting that licensees and practitioners who remain struggle to afford investments other…

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Melbourne adviser banned for three years

Oksana Patron 30 June 2022 No Comments

ASIC has banned Melbourne-based financial adviser, David Ruthenberg, from providing financial services for three years.

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Mercer Financial Advice hit with fee for no service charges

Mike Taylor 30 June 2022 No Comments

Mercer Financial Planning has been hit with fee for no services charges initiated by ASIC.

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Do mid-tier licensees require 500 advisers to achieve critical mass?

Mike Taylor 29 June 2022 2 Comments

Amid the looming consolidation of financial planning licensees it is being claimed that 500 advisers represents critical mass for mid-tier players.

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Euroz Hartleys appoints new head of advice

Oksana Patron 29 June 2022 No Comments

Euroz Hartleys has announced two new appointments, including of Amanda Boyce as new head of advice.


Blue and red house figures sitting on stacks of coins

One in five Aussie homes in million-dollar club

Oksana Patron | 29 June 2022A record number of people spent over $1 million to buy a house in Australia, in the past year, according to CoreLogic.
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AZ NGA Brisbane firms Henderson Matusch and Logiro in non-cash merger

Mike Taylor | 28 June 2022More consolidation has taken place in the financial planning sector with the non-cash merger of Henderson Matusch and Logiro.
Advice fees

Fiducian launches Private Clients business

Mike Taylor | 28 June 2022Publicly-listed financial planning group, Fiducian Group, has launched a new private client service aimed at high net worths.
Online investing

GBST, Catalyst Advisers form technology partnership

Yasmine Masi | 28 June 2022GBST and Catalyst Advisers have announced a three-year partnership, providing GBST's interactive online tools to Catalyst customers.
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Adelaide adviser facing ASIC allegations

Staff Writer | 28 June 2022An Adelaide adviser is facing charges initiated by ASIC involving allegations of altering client documents and falsifying company books.

Centrepoint board signals talks on Diverger take-over bid

Mike Taylor | 27 June 2022The board of Centrepoint Alliance has announced its willingness to enter into talks with Diverger over the latter's takeover bid.
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CountPlus announces share buy-back and higher profit expectations

Mike Taylor | 27 June 2022Amid signs of further licensee consolidation CountPlus has announced a share buy-back and higher profit expectations.
trench warfare

Risk commissions ban possible as old battle-lines re-emerge

Mike Taylor | 27 June 2022Life/risk advisers have another fight on their hands as the industry funds emerge to urge an immediate ban on life/risk commissions.