To scale or not to scale a growing advice practice?

financial-advice/scale/financial-advisers/

The decision to scale up a small advice practice can be a difficult judgement call. Money Management speaks with two advisers on whether the potential gains outweigh the initial costs for their business.

AUTHOR

Former AMP adviser makes call to arms over BOLR settlement

amp/bolr/federal-court/financial-advice/

A former AMP financial adviser has urged advisers in the BOLR class action against AMP to object to the “unfair and unreasonable” $100 million settlement sum as the objection deadline approaches on 22 May.

AUTHOR

Will ETF usage kill advice?

ETFs/financial-advice/consumers/

The popularity of ETFs, which are approaching $200 billion in Australia, is a potential threat to the advice landscape if consumers opt to invest directly, according to this senior partner.

AUTHOR

Two Victorian advice firms complete merger

mergers-and-acquisitions/M&A/financial-advisers/

Two Victoria-based financial advice practices have merged and rebranded as Forbes Fava Saville Financial Planning, as the firm realises the benefits of added scale.

AUTHOR

Relative Return: The appeal of global private credit

Podcast/Relative-Return/

AUTHOR

FSCP issues reprimand over SOA failings

FSCP/SOA/statement-of-advice/code-of-ethics/

The Financial Services and Credit Panel has made its latest ruling over a case involving an incorrect Statement of Advice.

AUTHOR

LGT Crestone launches diversified alternatives fund

alternative-assets/lgt-crestone/Alternatives/

The wealth management firm has unveiled a new fund in partnership with PG3 AG and investment specialist Longreach Alternatives, describing the investment solution as an “alternative” to traditional alternatives.

AUTHOR

GQG completes M&A to form Private Capital Solutions division

GQG-Partners/Pacific-Current-Group/M&A/private-capital/

GQG Partners has completed the acquisition of the minority interests held by Pacific Current Group in three affiliates which will form its new Private Capital Solutions division.

AUTHOR

Will advice firms take on workplace visas to ease shortage?

ESG/financial-advice/migration/recruitment/Sarah-Abood/siaa/Kaizen-Recruitment/

The FAAA has suggested looking offshore for overseas financial advisers to ease the adviser shortage, but are employers willing to take on the burden of workplace visas?

AUTHOR

‘No free lunch’ for advisers in alternatives

morningstar/Alternatives/CIO/private-credit/global-private-assets/

There may be a huge influx of alternatives coming to the market, but timing and access difficulties mean advisers can easily end up disappointed with their selection, according to Morningstar global CIO Dan Kemp.

AUTHOR

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