Count taps private equity specialist for board

Count-Financial/private-equity/M&A/wealth-management/

Count has appointed a private equity specialist to its board as a non-executive director, indicating further acquisitions could be on the horizon.

AUTHOR

Over 170 advisers have faced disciplinary action since 2015

ASIC/Wealth-Data/ASIC-bans/

New analysis from Wealth Data has revealed that some 175 advisers have been affected by disciplinary actions over the last nine years.

AUTHOR

Insignia investors allege they were misled over insider trading claims

insignia-financial/IOOF/class-action/court/

The first week of the Insignia Financial class action case has seen allegations of misconduct, insider trading, front running and failures to manage conflicts of interest.

AUTHOR

Staff numbers down and profitability up at advice firms

technology/Business-Health/profitability/

With advice practices recording a slight uplift in profitability after years of decline, Business Health has outlined five key trends contributing to the change.

AUTHOR

Federal Court winds up unregistered MIS and disqualifies director

ASIC/managed-investment-scheme/

An unlicensed financial adviser, Monica Kaur, has been permanently restrained from carrying on a financial business and her unregistered managed investment has wound up by the Federal Court.

AUTHOR

AMP sells SuperConcepts business

SuperConcepts/SMSF/amp/

AMP is selling its SuperConcepts self-managed superannuation fund admin and software business with 500 employees to transfer out of AMP.

AUTHOR

Intelliflo’s Eatock on bringing UK technology to the Aussie market

intelliflo/Nick-Eatock/Software/

Intelliflo chief executive, Nick Eatock, has discussed the firm’s official launch into the Australian market and why his experience in the UK means he is hopeful adviser numbers will bounce back.

AUTHOR

Could advisers face their own greenwashing scrutiny?

ASIC/greenwashing/ESG/RIAA/

EXCLUSIVE As clients increasingly seek sustainability-related products and funds, advisers who recommend them could eventually fall under the greenwashing purview of regulators, industry experts suggest.

AUTHOR

Former FSC CEO to chair fintech Ignition Advice

Sally-Loane/Ignition-Advice/chair/

A former chief executive of the Financial Services Council has been named as the next chair of Ignition Advice, succeeding Peter Meurer.

AUTHOR

Markets surprised by June rate call

RBA/Jim-Chalmers/interest-rates/inflation/central-banks/

The Reserve Bank of Australia defied hold expectations in June, surprising market participants by raising the interest rate further to 4.1 per cent in its continued battle against inflation.

AUTHOR

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