Fiducian Group remains in acquisition mode after reporting record-breaking net inflows and an 11% increase in NPAT.
ASIC bans WA director for six years
ASIC has banned West Australian financial services director, Sharee Hutchinson, for six years due to “lack of professionalism and judgement”.
Barrett’s AZ-NGA makes key para-planning investment
Paul Barrett’s AZ-NGA has made a key investment in para-planning capability through a stake in Virtual Business Partners.
ASIC may be forced by a Treasury review to be far more discerning about who pays for its enforcement activity.
There has been widespread surprise at the level of retail investment in cryptocurrency but the common denominator is an absence of advice.
Headcount reductions in the financial planning and accounting sectors may not be over, with automation looming.
Multi-manager model portfolio specialist, AZ Sestante, has launched a digital investing solution designed to help bridge the ‘advice gap’.
ASIC suspends or cancels three AFSLs
ASIC has announced the suspension or cancellation of three AFSLs, including a company providing wholesale financial advice.
Adviser exits have slowed but not for all licensees
Financial adviser exits have been slowing down except at AMP where its transformation strategy has had an impact.
The tough reality for AMP Limited is that it will be at least another two years before it expects to break-even on the delivery of financial advice.
