NSW adviser banned over inappropriate advice

ASIC/financial-advice/inappropriate-advice/

An NSW-based adviser has been banned from providing financial services for five years for inappropriate advice and the AFSL of his business has been cancelled by ASIC.

AUTHOR

Rhombus Advisory shakes up top licensee ranking

insignia-financial/insignia/Wealth-Data/amp/WT-Financial-Group/Centrepoint/adviser-numbers/

The introduction of Rhombus Advisory has caused a shift in the top advice licensees as Insignia separates its advice business into two channels.

AUTHOR

Invest Blue’s productivity boon from 9-day fortnight

Invest-Blue/financial-advice/recruitment/work-life-balance/employment/

Nearly 18 months since Invest Blue adopted its nine-day fortnight structure to support employee wellbeing, the national advice firm has enjoyed positive results across all metrics.

AUTHOR

Bridging the value gap for prospective clients

netwealth/cost-of-advice/fees/value-for-money/financial-advisers/

Given the clear divergence between the cost of financial advice and clients’ willingness to pay, two experts explore how advisers can transform the way they convey value to potential clients.

AUTHOR

Insignia appoints super CEO from ART

insignia-financial/insignia/Australian-retirement-trust/Superannuation/

As part of its executive leadership refresh, Insignia has appointed Dave Woodall as its chief executive for superannuation.

AUTHOR

Submissions open for Women in Finance Awards 2024

women-in-finance/awards/gender-diversity/gender-equality/

Money Management is now accepting nominations and submissions for the Women in Finance Awards, to be held in November 2024.

AUTHOR

Aussie investors flee active sustainable funds

morningstar/ESG/sustainable-funds/

Australian and New Zealand sustainable funds saw outflows of more than $1.2 billion in the second quarter of 2024, according to Morningstar, with active strategies accounting for the majority.

AUTHOR

How much could adviser numbers grow by in 5 years?

adviser-numbers/Deloitte/financial-advice/financial-advisers/iress/

A new report has forecast how adviser numbers would look in five years’ time and the rate of expected annual growth.

AUTHOR

Insignia staff at risk of slashed redundancy provisions

unions/Finance-Sector-Union/redundancies/insignia/licensees/Scott-Hartley/

Insignia Financial has proposed slashing staff redundancy pay arrangements by 58 weeks, potentially making it one of the lowest in the industry.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago