dealer group

Rate the raters

The financial relationships between fund managers and research houses escaped scrutiny in the most recent round of regulatory reforms. But that may not be the case for lo...

Financial planning

Hold entire advice chain accountable: PIS

Professional Investment Services (PIS) has warned that any statutory compensation scheme targeted solely at advisers and not the entire value chain is destined to fail....

Superannuation

SMSF accreditation now easier for dealer groups

Dealer groups that want to increase their advisers' knowledge of self-managed superannuation funds (SMSFs) can now access a streamlined SMSF association membership and ac...

Financial planning

Matrix scotches sale report

Matrix Planning Solutions strongly denies report it is looking for a buyer ahead of FOFA changes....

Financial planning

Agri-MIS still too risky for advisers

The structure of agribusiness managed investment schemes (MIS) would need to change radically before they become attractive again to financial advisers, according to Prof...

Financial planning

IOOF acquires stake in Patron

IOOF Holdings has acquired a minority stake in boutique financial advice firm Patron Financial Advice....

Financial planning

Plan B expands further into east coast

Perth-based wealth management group Plan B has expanded its presence in the eastern states with the acquisition of a 33 per cent stake in Queensland-based dealer group My...

Financial planning

Dealer groups tightening APLs

Dealer groups are increasingly tightening down their Approved Product Lists (APLs) and creating their so-called 'best picks', according to AMP Capital Investors head of r...

Policy & Regulation

FOFA ineffective without better policing

Shadforth Financial Group chief executive Tony Fenning believes the implementation of the Future of Financial Advice (FOFA) reforms is likely to entail a lot of work with...

Policy & Regulation

FOFA could create split in practices

The focus on asset-based remuneration and a shift to fee-for-service advice within the Future of Financial Advice (FOFA) reforms could create a split between holistic adv...

Financial planning

Financial Spectrum splits business to target growth

Independent financial planning firm Financial Spectrum has split its business in two, with the spin-off arm Spectrum Wealth Advisers experiencing rapid growth since the s...

Financial planning

Matrix adds Sydney-based practice

Matrix Planning Solutions has added another practice to its base, with a goal to add a further 10 practices and grow to approximately 120 advisers....

Financial planning

AFS frustrated by acquisition delays

AFS principal Peter Daly says he’s frustrated about how long it is taking for the group to be acquired....

Financial planning

Call for removal of APLs

Calls for the removal of Approved Product Lists have emerged, with some industry participants claiming they have the potential to erode the quality of advice given to cli...