UGC to blame for 'eyewatering' CSLR cost increase

CSLR/AFCA/Dixon-Advisory/compensation-scheme-of-last-resort/complaints/

Contrary to expectations that Dixon Advisory would form the bulk of CSLR compensation, around three-quarters of the sum for FY26 relates to United Global Capital.

AUTHOR

Should advisers detail regulatory fees to their clients?

Adviser-Ratings/advice-fees/fees/regulation/

With consumers often unaware of the full extent of underlying costs in operating an advice practice, Adviser Ratings debates whether regulatory charges should be separated from advice fees.

AUTHOR

Coastal Advice Group teams up with US capital partner

financial-advice/australia/M&A/expansion/

National advice firm Coastal Advice Group has entered a long-term strategic partnership with New York-based Merchant Wealth Partners to accelerate its expansion.

AUTHOR

FSC’s Briggs calls for regulation reassessment

FSC/Blake-Briggs/financial-advice/Hayne-Royal-commission/

FSC chief executive, Blake Briggs, believes the regulatory pendulum has “swung too far” over the last decade when it comes to financial advice, and it is appropriate to revisit some of Hayne’s recommendations.

AUTHOR

Could Bravura be a target as PE firms seek tech assets?

Bravura/platforms/australian-equities/fintech/technology/SS&C-Technologies/fnz/

Wealth management technology provider Bravura could be the next potential target for private equity firms, with commentators identifying how CEO Andrew Russell has enacted a successful turnaround.

AUTHOR

Former Count chair joins Assured Support

Count-Financial/FPA/Assured-Support/compliance/Countplus/

Financial services consultancy Assured Support has appointed a new chairman to its advisory board, who previously served as Count’s chair and chief executive of the FPA.

AUTHOR

CSLR advice levy skyrockets in FY26

ASIC/CSLR/AFCA/financial-advice/

The levy payable by financial advisers for the Compensation Scheme of Last Resort has almost quadrupled for FY26 as the government launches a formal review.

AUTHOR

Aussie fund manager gains 24 advisers

financial-advice/Wealth-Data/licensee/adviser-numbers/

Melbourne and Perth-based Endeavor Asset Management has added 24 financial advisers to its AFSL this week, with overall industry numbers rising by more than a dozen.

AUTHOR

'Collaborative and open approach': Industry reacts to Stephen Jones' retirement

Stephen-Jones/Financial-Services/FSC/Jim-Chalmers/CoreData/ASFA/

The industry has reacted to the retirement of Stephen Jones as Minister for Financial Services, recognising his efforts on reforming financial advice.

AUTHOR

Perpetual falls back to outflows in Q2

Perpetual/pendal/asset-management/KKR/

Perpetual has released its Q2 fund flows showing a fall back into outflows after a positive Q1, as well as an update on its planned deal with KKR.

AUTHOR

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