Adviser numbers show stability as AMP tops charts

Wealth-Data/amp/insignia-financial/insignia/licensees/adviser-numbers/

The number of financial advisers has stabilised above the 15,600 mark as 2023 comes to an end, while Wealth Data confirms AMP now leads as the largest licensee.

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

ASIC/federal-court/

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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FAAA concerned about lack of fee consent standardisation

Sarah-Abood/financial-advice/

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

Podcast/Relative-Return/

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/

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/

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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