The regulatory environment around financial planning has made it so unattractive that it has virtually stalled investment in the sector.
Melbourne adviser banned for three years
ASIC has banned Melbourne-based financial adviser, David Ruthenberg, from providing financial services for three years.
Mercer Financial Planning has been hit with fee for no services charges initiated by ASIC.
Amid the looming consolidation of financial planning licensees it is being claimed that 500 advisers represents critical mass for mid-tier players.
Euroz Hartleys appoints new head of advice
Euroz Hartleys has announced two new appointments, including of Amanda Boyce as new head of advice.
A record number of people spent over $1 million to buy a house in Australia, in the past year, according to CoreLogic.
More consolidation has taken place in the financial planning sector with the non-cash merger of Henderson Matusch and Logiro.
Fiducian launches Private Clients business
Publicly-listed financial planning group, Fiducian Group, has launched a new private client service aimed at high net worths.
GBST and Catalyst Advisers have announced a three-year partnership, providing GBST’s interactive online tools to Catalyst customers.
Adelaide adviser facing ASIC allegations
An Adelaide adviser is facing charges initiated by ASIC involving allegations of altering client documents and falsifying company books.
