Godfrey Pembroke reappoints Lonsec Research amid Insignia exit

Godfrey Pembroke lonsec research house insignia

| By Jasmine Siljic |

Godfrey Pembroke Group has reappointed Lonsec as its research and investment consultant partner, while the licensee transitions out of Insignia Financial’s institutional ownership.

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Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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ASIC cancels AFSL of Brisbane advice firm

ASIC queensland AFSL

| By Laura Dew |

Financial planning

ASIC has cancelled the AFSL of a Brisbane advice firm in order to protect the interest of potential consumers as it feared the firm would breach financial services laws.

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Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Fortnum and PFS unify under parent company

fortnum private wealth Fortnum australian unity financial advisers

| By Jasmine Siljic |

Financial planning

Following its acquisition of Australian Unity’s advice business, Fortnum Private Wealth and Professional Financial Services have formed a new parent company with Fortnum CEO Neil Younger at the helm.

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Jasmine Siljic

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Macquarie Bank receives $10m penalty from Federal Court

macquarie bank macquarie ASIC federal court

| By Keith Ford |

Financial planning

The Federal Court has imposed a $10 million penalty on Macquarie Bank for failing to prevent and control unauthorised fee transactions by third parties including financial advisers.

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Keith Ford

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The concerns keeping financial services directors awake at night

AICD risk management boards directors

| By Laura Dew |

Funds management

There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.

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Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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What should advisers consider before embarking on M&A?

pricing netwealth M&A Peloton Partners financial advice

| By Laura Dew |

Financial planning

It can be extremely hard to realise the gains from financial advice M&A, according to Peloton Partners’ Rob Jones, and more could be gained from firms looking inward at their own practice.

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Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Bonds see largest allocation drop in 20 years

bonds fixed income global fixed income Bank of America

| By Laura Dew |

Funds management

Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.

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Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Matching the right platform with your client base

platforms Recep Peker HUB24 netwealth praemium OneVue iress

| By Laura Dew |

Financial planning

With platforms reporting their quarterly results, there is a clear divide in the adviser markets they are targeting, according to platform specialist Recep Peker, and which would be right for your clients.

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Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Advice firm cops weekly double-digit loss

Wealth Data adviser numbers Centrepoint centrepoint alliance

| By Jasmine Siljic |

Financial planning

A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.

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Jasmine Siljic

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Sequoia chair steps down

Sequoia financial group Sequoia AFSL licensees

| By Laura Dew |

Financial planning

Sequoia Financial Group has seen a top-level reshuffle as the chair of the board, John Larsen, steps down after five years in the position.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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