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.

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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.

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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.

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Sequoia to divest Informed Investor

Sequoia/

Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.

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The advice channels reporting largest YTD gains and losses

Wealth-Data/accounting/financial-advice/holistic-advice/Colin-Williams/

Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.

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How much time do managed accounts save advisers?

managed-accounts/lonsec/elixir-consulting/financial-advice/practice-management/

Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.

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FSC appoints deputy chair

financial-services-council/FSC/Alexis-George/amp/chair/

The Financial Services Council has appointed a new deputy chair for its board.

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How AFSLs can reduce advisers' compliance frustrations

ASIC/Joe-Longo/compliance/licensees/

ASIC chair Joe Longo has told compliance professionals they need an “attitude of compliance” beyond written policies, how can AFSLs achieve this without alienating their advisers?

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Seeking feedback to boost client retention

Business-Health/client-relationships/financial-advisers/

With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.

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Uranium Supply Approaches a Tipping Point

Premium-Content/

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