Federal Court appoints receivers to uncover $1bn from global advisory group

ASIC federal court

| By Jasmine Siljic |

The Federal Court has appointed two corporate receivers of Brite Advisors to investigate the $1 billion client pension funds under its management since its assets were frozen.

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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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FAAA concerned about lack of fee consent standardisation

Sarah Abood financial advice

| By Jasmine Siljic |

Financial planning

The FAAA is pushing for a mandated standardised fee consent form to minimise red tape and reduce the cost of financial advice in response to the government’s first QAR tranche.

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Jasmine Siljic

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Relative Return: ‘Qualified advisers’ and the fallout of the QAR reforms

Podcast Relative Return

| By Robyn Tongol |

Editorial

In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by journalist Keith Ford to take a look a

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Government announces changes to adviser exam delivery

adviser exam financial advisers legislation

| By Staff |

Financial planning

The government has released draft legislation to improve the delivery and accessibility of the adviser exam.

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AMP doubles down on self-licensee support services

amp amp financial planning self-licensed AFSL licensees

| By Jasmine Siljic |

Financial planning

AMP has revitalised its Jigsaw Advice Solutions business to provide expanded add-on services to self-licensed financial advisers, ranging from AFSL setup to revenue management.

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Jasmine Siljic

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NAB enters NZ wealth management deal

NAB jarden national australia bank wealth management New Zealand

| By Jasmine Siljic |

Financial planning

National Australia Bank has announced two of its New Zealand-based subsidiaries will combine with Jarden Wealth to create a new wealth management entity with 113 financial advisers.

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Jasmine Siljic

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ART completes global CEO hunt

Australian retirement trust chief executive officer ceo

| By Jasmine Siljic |

People & Products

Australian Retirement Trust has announced who its next chief executive will be following outgoing CEO Bernard Reilly’s resignation in September.

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Jasmine Siljic

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Count-Diverger deal reaches next stage ahead of February completion

Count Financial Diverger mergers and acquisitions

| By Laura Dew |

Financial planning

The proposed merger between Diverger and Count has reached the next stage of its proceedings ahead of an expected February completion date.

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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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ATO offers guidance on deductibility of advice fees

taxation ATO fees advice fees

| By Jasmine Siljic |

Financial planning

The Australian Taxation Office has provided updated rules on the tax deductibility of financial advice fees.

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Jasmine Siljic

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Former AMPFP adviser banned for five years

AMPFP amp ban

| By Laura Dew |

Financial planning

A former AMP Financial Planning adviser from Newcastle has been banned for five years after failing to manage conflicts of interest.

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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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