AFSLs urged to address cyber security vulnerabilities

AFSLs/licensees/cyber-security/cyber-attack/Hall-and-Wilcox/

| By Jasmine Siljic |

With ASIC suing FIIG Securities for alleged failures in its cyber security measures earlier this month, two firms have urged AFSLs to stay vigilant against ongoing cyber threats.

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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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What to know before going bespoke with managed accounts

managed-accounts/IMAP/licensees/

| By Laura Dew |

Financial planning

With a rising number of licensees opting for bespoke managed accounts, a panel of experts has shared what firms need to know before going down the custom route.

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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Qld adviser receives 5-year ban

ASIC/banning/financial-advice/

| By Laura Dew |

Financial planning

ASIC has banned a Queensland adviser from providing financial services for five years after failing to provide appropriate advice that was in the best interest of his 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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Adviser numbers break 10-week growth streak

Wealth-Data/adviser-numbers/financial-advisers/

| By Jasmine Siljic |

Financial planning

The financial advice industry has seen a net loss after 10 consecutive weeks of net growth in adviser numbers, according to Wealth Data.

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Jasmine Siljic

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Licensees reluctant to hold crypto on APLs

crypto/cryptocurrency/APLs/approved-product-list/financial-advisers/

| By Laura Dew |

Financial planning

Only 11 per cent of financial advice practices have said they are including crypto products on their approved products lists, according to CoreData.

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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Jones clarifies role of new class of adviser

Stephen-Jones/financial-advice/quality-of-advice-review/

| By Laura Dew |

Financial planning

Minister for Financial Services, Stephen Jones, has said it is not a “backdoor attempt” by the government to allow the new class of adviser to provide full advice.

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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BlackRock reveals inaugural public-private model portfolio

blackrock/private-markets/managed-accounts/public-markets/

| By Jasmine Siljic |

Funds management

BlackRock, in collaboration with iCapital and GeoWealth, has unveiled a model portfolio that delivers access to both private and public market assets in a single account, following adviser demand.

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Jasmine Siljic

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Relative Return Unplugged: Unpacking the budget: Deficits, spending, and productivity risks

Podcast/Relative-Return/

| By Robyn Tongol |

Editorial

In this week’s episode of Relative Return Unplugged, AMP’s chief economist, Shane Oliver, joins u

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Former IOOF CEO takes up chair role at COG Financial

IOOF/centrepoint-alliance/Sequoia/M&A/board/

| By Laura Dew |

Financial planning

A former chief executive of IOOF and managing director of Centrepoint Alliance has joined the board as chair of COG Financial, which previously made a bid to acquire advice licensee Diverger.

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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Infocus makes 2 senior leadership hires

infocus/fitzpatricks-private-wealth/appointments/

| By Laura Dew |

Financial planning

Infocus has announced two appointments to its senior leadership team, just days after unveiling a new business model for the advice licensee.

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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