Are licensees overpromising and underdelivering to advisers?

AFSL licensees financial advice self-licensing

| By Jasmine Siljic |

Commentators have discussed how value for money is becoming more critical than ever as licensee fees rise and failure by an AFSL to provide this is driving them to self-licensing.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Escalating business costs emerge as top adviser concern

CoreData Andrew Inwood financial advisers practice management

| By Jasmine Siljic |

Financial planning

The rising costs of operating a financial advice practice has been ranked as the number one challenge for advisers today, outpacing administrative and compliance burdens.

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Jasmine Siljic

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Advisers given 5 weeks to submit to Dixon inquiry

financial advice financial advisers Dixon Dixon Advisory Senate Economics Committee

| By Laura Dew |

Financial planning

The final terms of reference for the Dixon Advisory inquiry have been released by the Senate economics references committee, and advisers have just over five weeks to make their submissions.

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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Finalists unveiled for Women in Finance Awards 2024

women in financial services financial advice women in finance

| By Malavika |

Financial planning

Financial advisers are in the running to win one of the coveted Women in Finance Awards 2024.

AUTHOR

Malavika Santhebennur

Malavika Santhebennur was a news and features financial services journalist at Money Management, part of Financial Express. She has previously written in various industrial publications at Cirrus Media, including mining, food, franchising, and health.

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Global X ETFs Australia appoints new CEO

Global X ETFs Evan metcalf GAM investments ETFs ceo

| By Laura Dew |

Funds management

Global X ETFs Australia has appointed a new chief executive to replace Evan Metcalf, who will depart the ETF provider next month.

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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Court details mental turmoil of AMP BOLR objectors

amp bolr AMPFP federal court

| By Laura Dew |

Financial planning

A former AMP adviser told the Federal Court how they are scared to turn off their phone after a fellow adviser attempted suicide as Justice McElwaine said the 92 objections “weighed heavily” on his mind.

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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New entrant targets M&A in advisory and fund management markets

financial advice Funds management M&A Sequoia

| By Laura Dew |

Funds management

The acquisition of Informed Investor from Sequoia by Powerhouse Ventures is the first step in the firm’s new strategic process to enter into the financial advisory and fund management space.

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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Providence Wealth looks internally for CIO

ceo CIO wealth management boards hires providence wealth

| By Jasmine Siljic |

Financial planning

Providence Wealth Advisory Group has appointed a new chief investment officer, a dedicated position after the role was previously held by its CEO.

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Jasmine Siljic

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The business cost of losing a staff member

striver recruitment financial advisers retention

| By Jasmine Siljic |

Financial planning

While hiring new staff in a financial advice practice inevitably incurs expenses, Striver’s Alisdair Barr says the greater business cost can come from losing the skills of a valuable team member.

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Jasmine Siljic

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Challenger director departs after Apollo reduction

challenger boards

| By Laura Dew |

Funds management

Challenger director Matthew Michelini has stepped down from the board with immediate effect in light of Apollo reducing its stake in the business.

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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