Financial advisers are churning between licensees rather than exiting but the results of the last adviser exam loom.
Sequoia posts modest NPAT growth
Sequoia Financial Group has posted a 3% growth in NPAT to $5.7 million for the 2022 full-year results compared to the same period a year ago.
The race to achieve scale is becoming increasingly crowded as licensees compete to recruit advisers and advice practices.
Major research and ratings house Morningstar is urging Challenger to focus on its core by further embedding itself in wealth.
Super funds integral to pension advice – Link
Superannuation funds should be front and centre in providing advice around accessing the Age Pension according to new research.
FPA calls for doubling of CSHC income limit
The Financial Planning Association has backed a doubling of the income threshold for access to the Commonwealth Seniors Health Card.
Bombora relationship with MBS morphs into alliance
Bombora Advice has formed a business to business alliance with newly-licensed former in-house practice, MBS Insurance.
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.
