AMPFP loses title of largest individual licensee

Wealth Data financial advice amp Morgans

| By Rhea Nath |

A close competition has seen AMP Financial Planning lose its long-held position as Australia’s largest individual licensee, according to Wealth Data.

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Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Model portfolios gain ground with Aussie investors

State Street State Street Global Advisors model portfolios

| By Rhea Nath |

Financial planning

State Street Global Advisors’ research reveals a notable rise in Australian investors’ awareness and satisfaction with model portfolios, highlighting benefits such as lower fees, closer portfolio monitoring, and greater adviser involvement.

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Rhea Nath

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Viridian Advisory encourages school leavers to consider advice

financial advice viridian professional year new entrants striver

| By Laura Dew |

Financial planning

National advice firm Viridian Advisory is encouraging school leavers to consider financial advice as a future career choice, having taken almost 20 individuals through its professional year program.

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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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Viola Private Wealth signs NRL’s Cooper Cronk

financial advice high net worth

| By Laura Dew |

Funds management

NRL legend and four-time premiership winner, Cooper Cronk, has signed on at Viola Private Wealth as a brand ambassador as the firm targets individuals with niche careers who require bespoke 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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First Sentier signs mandate with Northern Trust

Northern Trust First Sentier Investors funds management

| By Laura Dew |

Funds management

First Sentier Investors has inked a new mandate with fund administration service Northern Trust, extending a 19-year relationship into the Australian market.

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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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FSCP delivers written reprimand to adviser

FSCP financial advice enforcement

| By Keith Ford |

Financial planning

The Financial Services and Credit Panel has delivered a written reprimand to an adviser that it said failed to ensure their client understood their CGT liability.

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Keith Ford

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Relative Return Unplugged: Balancing economic and national security priorities

Podcast Relative Return

| By Keith Ford |

Editorial

In this special episode of Relative Return Unplugged, we are sharing a discussion between Momentum Media’s Steve

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Keith Ford

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Scientific Beta hires investment solutions lead

scientific beta Dimensional Fund Advisors investment research

| By Rhea Nath |

People & Products

Experienced quantitative researcher Warwick Schneller has taken up a new role, joining Scientific Beta as head of investment solutions, Australia and New Zealand.

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Rhea Nath

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Advisers sitting on sidelines despite 2024 exam passes

Wealth Data financial advice ASIC adviser exam exam

| By Rhea Nath |

Financial planning

The proportion of candidates passing the advice exam in 2024 has risen by more than a third, but a notable gap exists between those who have qualified and those who are actively practicing, according to Wealth Data.

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Rhea Nath

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Client referrals key to optimising advice practice growth

Dimensional Dimensional Fund Advisers M&A client engagement financial advice

| By Laura Dew |

Financial planning

Financial advisers who optimise client referrals to achieve organic growth will be best placed for success in 2025, according to Dimensional, and could attract attention from overseas acquirers.

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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