Insignia outpaces AMP with over 100 adviser losses

insignia financial amp Wealth Data adviser numbers

Insignia is fast becoming the licensee to feel the biggest brunt of adviser departures, losing 24 this week and over 100 in the past calendar year, which is three times that of rival AMP, according to Wealth Data.

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How many AFSL applications were granted and rejected in FY22-23?

ASIC regulation licensing AFSL

ASIC has shared how many Australian financial services licences were granted and rejected by the corporate regulator in the 2022-2023 financial year.

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Finalists announced for 10th Super Fund of the Year Awards

super fund of the year super review super funds awards Superannuation

TelstraSuper, Aware Super, Australian Retirement Trust, HESTA, and UniSuper are some of the prominent super funds that have qualified as finalists this year.

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Former Treasurer promoted to senior board role at Goldman Sachs Australia

Josh Frydenberg Treasurer Goldman Sachs

Having joined the investment bank last July, former Treasurer Josh Frydenberg has been promoted to a senior role on the board of its Australian division.

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How to work with HNWIs

praemium high net worth financial advice

Praemium chief strategy officer Denis Orrock has shared with Money Management how advisers can work with high-net-worth investors as a new report finds 45,000 people have entered the $2.5 million–$5 million bracket.

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ASIC delays adviser registration date for third time

ASIC adviser registration

With just days until the previous scheduled date of 1 October, ASIC has once again delayed the date that relevant providers must be registered.

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Could robots be giving advice to super fund members post-QAR?

Michelle Levy quality of advice review super funds financial advice

The law “should not continue to assume that financial advice is being given by a person”, according to Michelle Levy, as she hints that advice from superannuation funds could be given by a digital advice tool.

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Greenwashing enforcement viewed as possible RI investment deterrent

RIAA greenwashing responsible investment sustainable investing ASIC

The latest annual RIAA report has found concerns or mistrust around greenwashing by investment managers almost tripled this year, with 62 per cent citing it as a deterrent to responsible investment growth.

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CBA’s $50m consumer credit insurance class action settlement approved

CBA insurance class action

The Federal Court has approved Commonwealth Bank’s $50 million settlement in the consumer credit insurance class action.

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Advice gap ‘clear to see’ as cost of living bites

CFS challenger financial advisers financial advice retirement

Two new reports from CFS and Challenger have highlighted the benefits consumers gain from seeking advice as over half of those aged 50 and over fear outliving their savings amid the cost-of-living crisis.

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MARKET INSIGHTS

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

4 weeks 1 day ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month 1 week ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

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Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

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Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

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