Double advice acquisition propels adviser shift

Wealth-Data/adviser-numbers/mergers-and-acquisitions/Colin-Williams/

An acquisition of two advice practices by a national advice group has led to a shift in financial adviser numbers, with one losing 33 advisers as a result.

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Former RBA governor Lowe joins Barrenjoey board

RBA/Phil-Lowe/

Former RBA governor Philip Lowe has been appointed to the board of Barrenjoey as an independent non-executive director, six months after his first post-RBA move.

AUTHOR

The higher revenue borne from strong tech usage

artificial-intelligence/netwealth/technology/fintech/financial-advice/

The vast majority of financial advice firms which are fully embracing and adopting new technologies are reporting an annual revenue north of $1 million, Netwealth reveals.

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Qld-based paraplanning business acquired

paraplanning/outsourcing/M&A/financial-advice/

Contract Paraplanning Services, previously led by director Hayley Knight, has been acquired by two new owners looking to drive further growth in the business.

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HUB24 takes stake in alternatives firm

HUB24/platforms/Alternatives/private-markets/Andrew-Alcock/

Platform HUB24 has taken a minority stake in an alternative investment company to design and offer a range of alternative products to financial advisers.

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Relative Return: The diversification benefits of real estate

Podcast/Relative-Return/Sponsored-by/

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Platinum board reaches unanimous verdict on Regal bid

Platinum/Platinum-Asset-Management/regal/Regal-Partners-Limited/M&A/acquisition/

The board of Platinum Asset Management has reached a “unanimous conclusion” regarding a proposal from Regal Partners to acquire the company.

AUTHOR

The 2 paths for licensees in implementing DBFO

financial-advice/morningstar/quality-of-advice-review/licensees/

With the Delivering Better Financial Outcomes legislation on the horizon next year, licensees need to decide whether they are going to take a hands-off approach or use it as an opportunity to pivot their business.

AUTHOR

NextGen victim receives CSLR payment after company’s liquidation

nextgen/CSLR/peter-daly/liquidation/

A victim of NextGen Financial Group has received a payment from the CSLR after the company’s liquidation, but the total falls short of their $270,000 unpaid AFCA determination.

AUTHOR

Aged care costs dominate older Aussies’ concerns

challenger/Aaron-Minney/retirement/aged-care/

With six in 10 Australians aged over 50 concerned about paying for aged care, new research has underscored financial advice as a way to mitigate these worries.

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