Adviser inflows boost FY24 NPAT for Fiducian

Fiducian/financial-advice/Indy-Singh/

Fiducian Group has shared its FY24 results, reporting consistent net inflows of $281 million from its adviser network.

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AZ NGA ‘seizes the day’ with AMP deal

AZ-NGA/Paul-Barrett/amp/financial-advice/M&A/

AZ NGA’s Paul Barrett unpacks why the firm is the right home for 16 AMP-aligned advice practices and how its M&A history will facilitate the long-term growth ambitions of each business.

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‘Halcyon days ahead’ for advice profession

WT-Financial-Group/Keith-Cullen/AFSL/financial-advice/M&A/

WT Financial managing director Keith Cullen believes it is “halcyon days ahead” for financial advice as it completes a four-year period of M&A activity, with the licensee now looking inward at organic growth.

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JANA extends SMA offering to Melbourne advice practice

financial-advice/JANA/

JANA Investment Advisers has announced it will deliver tailored managed account services to a self-licensed advice firm in Melbourne to meet its diverse client needs.

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Bravura returns to profitability after cost-out restructure

Bravura/technology/andrew-russell/

The Bravura cost-out restructure has been achieved with lower costs and in a faster time than initially expected, CEO Andrew Russell said, allowing the business to return to profitability.

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BT and Preqin respond to adviser demand for private markets

financial-advisers/Preqin/blackrock/BT/private-markets/private-credit/

Wealth management platform BT and alternative markets data provider Preqin have teamed up to provide financial advisers with greater education and transparency on private markets.

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Melbourne advice firm enters liquidation

financial-advice/AFCA/liquidation/

A Melbourne financial advice firm has been put into liquidation by the Federal Court, and an appeal against its AFSL cancellation has been dismissed.

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‘We’ve moved quickly’: Count CEO reflects on growth trajectory

Countplus/Hugh-Humphrey/Diverger/AFSL/licensees/

With two years as Count’s CEO under his belt, Hugh Humphrey takes a look back on how the firm has grown from its “subscale” position to Australia’s second-largest advice licensee.

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AMP BOLR settlement sees around 90 objections

amp/bolr/class-action/

Money Management understands there are around 90 objections to the AMP buyer of last resort class action, with a settlement hearing due to take place at the end of August.

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Has FSCP gone AWOL?

AFSL/financial-advisers/FSCP/

There have not been any determinations by ASIC’s Financial Services and Credit Panel for the last three months compared to nine bannings by the corporate regulator over the same period.

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