New entrants see lowest FY25 volume

Wealth-Data/WT-Financial/insignia-financial/financial-advice/new-entrants/

Rhombus Advisory and WT Financial Group are among the AFSLs seeing adviser declines this week, as only three new entrants join the profession.

AUTHOR

Cracking the code to scaled advice delivery

Adviser-Ratings/digital-advice/scaled-advice/financial-advice/

Strategic technology integration and clearly defined advice propositions are two critical elements for building a successfully scaled advice model, Adviser Ratings unpacks.

AUTHOR

PictureWealth appoints head of advice

appointment/financial-advice/licensees/

National advice licensee PictureWealth has appointed John Bezich in a newly created role of head of advice.

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Perennial Partners appoints BDM for southern Australia

Perennial-Partners/BDM/appointment/Schroders/

Perennial Partners has appointed a new regional manager for the southern states after the predecessor in the role left to join Schroders.

AUTHOR

Relative Return Unplugged: What impact will the US election have for Australia?

Podcast/Relative-Return/

In this episode of Relative Return Unplugged, host Maja Garaca Djurdjevic, along with Momentum Media political c

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Qld advice firm sees AFSL cancellation

ASIC/AFSL/federal-court/

ASIC has cancelled the AFSL of a Queensland-based advice firm and is aware it had recommended investments that included the now-liquidated Global Capital Property Fund and the Shield Master Fund.

AUTHOR

Insignia bleeds $1bn in quarterly outflows

insignia-financial/insignia/Scott-Hartley/financial-advice/

Insignia Financial suffered total net outflows of $1 billion in its first quarterly update for FY25, however reported overall growth in its funds under management and administration.

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How Invest Blue is harnessing the power of outsourcing

Invest-Blue/financial-advice/outsourcing/

As Invest Blue looks to quadruple its client base to 60,000 Australians, managing director David Stephen says outsourcing is helping it achieve these growth aspirations and allowing advisers to focus on high-value tasks.

AUTHOR

Unpacking the corporate regulator’s FY24 enforcement action

asic-enforcement/enforcement/corporate-misconduct/

ASIC has released its annual report for the 2023–24 financial year, recording a 43 per cent year-on-year rise in alleged misconduct reports.

AUTHOR

Wealth Architects acquires Tamworth advice firm

M&A-activity/wealth-management/financial-advice/

National advice firm Wealth Architects has acquired regional advice firm PKF Wealth in Tamworth as part of its strategy to provide financial advice to regional communities.

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