Reflecting on ‘whirlwind’ first year of running an advice firm

financial-advisers/advice-practice/business-growth/

One year after launching their own financial advice businesses, two advisers share their reflections with Money Management including the challenge of balancing steady growth as a smaller practice.

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Strategic review prompts multi-asset reshuffle at Perpetual

Pendal-Group/Perpetual/multi-asset-strategies/

Following a review of Perpetual Group’s multi-asset capabilities, the asset manager has decided to combi

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Do diversified portfolios still pay off for clients?

crypto-asset/morningstar/diversified-strategies/portfolio-construction/

It is becoming harder for financial advisers to build investment portfolios as Morningstar finds broad portfolio diversification has failed to add value in recent years compared to a vanilla portfolio of equities and bonds.

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The outsourcing piece in the advice gap equation

outsourcing/paraplanning/Virtual-Business-Partners/AZ-NGA/financial-advisers/

Australian financial advice firms are increasingly looking towards outsourcing as a tool to optimise their business, two industry professionals share, freeing advisers to focus more on client-facing duties.

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ASIC reminds licensees of ongoing registration obligations

ASIC/adviser-registration/AFSL/licensees/

ASIC has reminded advisers that their registration requirements are an ongoing obligation, having met the first deadline on 16 February, and highlighted when a registration may cease.

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Global fund managers bullish amid soft landing consensus

Bank-of-America/fund-management/asset-allocation/

Global fund managers are the most bullish they have been in more than two years, the latest Bank of America manager survey has shown.

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Advice CSLR second levy estimate could spiral to almost $40m

CSLR/AFCA/Dixon-Advisory/financial-advice/levy/

The second CSLR levy period payable by financial advisers could increase to as much as $39.4 million if AFCA processes all DASS complaints by March 2025.

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New entrants remain committed to advice, but are there enough?

new-entrants/financial-advice/graduate-program/students/

The proportion of new entrants who decide to remain in the financial advice profession is on the rise but overall numbers are still insufficient, according to Wealth Data’s Colin Williams.

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AMP BOLR settlement yet to be filed in court, says Corrs

amp/bolr/federal-court/

Corrs Chambers Westgarth, the law firm handling AMP’s buyer of last resort proceedings, says it is yet to file documents relating to the settlement sum, as the case management date is pushed back multiple times.

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Former Schroders Australia CEO joins private markets manager

Schroders/Spire-Capital/private-markets/

Private markets firm Spire Capital has appointed former Schroders Australia chief executive, Sam Hallinan, as a partner as it seeks to expand its reach with financial advisers.

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