Are licensees overpromising and underdelivering to advisers?

AFSL/licensees/financial-advice/self-licensing/

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

Escalating business costs emerge as top adviser concern

CoreData/Andrew-Inwood/financial-advisers/practice-management/

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.

AUTHOR

Advisers given 5 weeks to submit to Dixon inquiry

financial-advice/financial-advisers/Dixon/Dixon-Advisory/Senate-Economics-Committee/

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

Finalists unveiled for Women in Finance Awards 2024

women-in-financial-services/financial-advice/women-in-finance/

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

AUTHOR

Global X ETFs Australia appoints new CEO

Global-X-ETFs/Evan-metcalf/GAM-investments/ETFs/ceo/

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

AUTHOR

Court details mental turmoil of AMP BOLR objectors

amp/bolr/AMPFP/federal-court/

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

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

financial-advice/Funds-management/M&A/Sequoia/

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

Providence Wealth looks internally for CIO

ceo/CIO/wealth-management/boards/hires/providence-wealth/

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

AUTHOR

The business cost of losing a staff member

striver/recruitment/financial-advisers/retention/

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.

AUTHOR

Challenger director departs after Apollo reduction

challenger/boards/

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

AUTHOR

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