Strong revenue drives staff growth for advice practices

Adviser-Ratings/adviser-numbers/revenue/financial-advice/

The majority of financial advice practices enjoying revenue growth are putting this towards growing their adviser teams, according to new research.

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ASIC unveils strategic enforcement priorities for FY25

ASIC/enforcement/AFSLs/licensees/financial-advice/

A wide range of strategic priorities are set to fall under the corporate regulator’s enforcement spotlight in the next 12 months, including the risk management and data security of AFSLs.

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ClearView prioritises wealth management exit

ClearView/wealth-management/life-insurance/centrepoint-alliance/

ClearView has said it expects to completely exit wealth management by the third quarter of FY25.

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Centrepoint Alliance shares FY24 results amid strong adviser growth

Centrepoint/centrepoint-alliance/licensees/AFSL/john-shuttleworth/

Centrepoint Alliance is optimistic of benefitting from licensee switching to grow organically and is set to boost funds under advice via a new investment platform in October.

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Insignia reports $185m loss in FY24

insignia-financial/insignia/Scott-Hartley/financial-advice/

Insignia reports a $185 million statutory net loss after tax in FY24 but sees revenue improve in its newly restructured advice division, thanks to higher value clients.

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The ‘recipe for success’ of highly profitable advice firms

investment-trends/clients/financial-advice/Irene-Guiamatsia/profitability/Adviser-Ratings/

Financial advice practices with high profit margins charge annual client fees of $7,700 and keep their operational costs low, says Investment Trends’ Irene Guiamatsia.

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When should an adviser use an ROA?

Record-of-Advice/statement-of-advice/financial-advice/ASIC/FSCP/

After an adviser received a warning from the FSCP about their Record of Advice usage, when is the correct time for it to be used with clients?

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Have client relationships fallen on the back burner?

Business-Health/client-relationships/financial-advisers/

As financial advisers balance competing business priorities, Business Health identifies four methods to foster strong client relationships.

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The biggest CEO moves in 2024

ceo/appointments/leadership/funds-management/

Former Australian Retirement Trust chief executive Bernard Reilly announced he was joining Perpetual this week – what other CEO moves has the industry seen since the start of 2024?

AUTHOR

Equity funds suffer $2.2bn outflows in 1H 2024

Calastone/outflows/funds-management/australian-equities/equities/fixed-income/bonds/

Equity funds saw $2.2 billion in outflows during the first half of 2024, according to Calastone, despite reporting modest gains in the second quarter.

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