AMP doubles down on self-licensee support services

amp/amp-financial-planning/self-licensed/AFSL/licensees/

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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NAB enters NZ wealth management deal

NAB/jarden/national-australia-bank/wealth-management/New-Zealand/

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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ART completes global CEO hunt

Australian-retirement-trust/chief-executive-officer/ceo/

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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Count-Diverger deal reaches next stage ahead of February completion

Count-Financial/Diverger/mergers-and-acquisitions/

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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ATO offers guidance on deductibility of advice fees

taxation/ATO/fees/advice-fees/

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

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Former AMPFP adviser banned for five years

AMPFP/amp/ban/

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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Sequoia makes $2m acquisition

Sequoia/acquisition/M&A/

Sequoia has made a $2 million acquisition as it expands its product offering to deliver professional services to advisers.

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The super trustees receiving millions in remuneration

APRA/registrable-superannuation-entity/trustees/remuneration/

Some 16 super RSEs are paying over $1 million to their board of trustees, according to latest APRA data.

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ETF market bounces back after a two-month decline

ETFs/BetaShares/fund-launch/active-ETF/

Conversions from unlisted to active ETFs have accounted for half of the monthly ETF growth in November, driving an AUM of nearly $170 billion and marking a departure from previous monthly declines.

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SMSF Association welcomes new board member

AICD/SMSFs/smsf-association/boards/

Christine Franks has been appointed to the SMSF Association’s board as its governance expert in replacement of a former board member.

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