EXIT

Financial planning

The financial advice profession has again fallen by triple figures, recording a weekly loss of 126 advisers in the lead-up to the end of financial year, according to Weal...

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People & Products

Nick Parsons has stepped down as chief executive of Bravura Solutions and will depart on 22 August....

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Funds management

Fidelity global emerging markets fund manager, Alex Duffy, is to leave the firm at the end of May after 16 years. ...

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Financial planning

IMB Bank has exited advice ownership with its planning assets being sold to Bridges Financial Services....

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Funds management

Mark Bouris’ Yellow Brick Road has continued its exit from wealth management by completing the sale of its 50 per cent stake in Smarter Money Investments to joint stakeho...

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Financial planning

The Commonwealth Bank has cleared the way for exiting its self-employed adviser ‘Pathways’ franchise following issues initially notified to the Australian Competition and...

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Funds management

Meme Capital Management has announced that its only publicly-available offering, The Dual Momentum Fund, was wound up in June....

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Superannuation

Sunsuper’s chief executive, Scott Hartley, has announced he will depart the super fund following the appointment of a successor, as he was looking for a new challenge....

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Financial planning

Westpac’s advice business was a loss-maker and the big banking group is already estimating the dollar benefits of divestment....

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Financial planning

National Australia Bank may have confirmed the exit of its chief executive and chairman but it has acknowledged it still does not know how much client remediation will co...

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People & Products

Key AMP Limited self-managed superannuation fund business, SuperConcepts has taken a hit with the exit of its chief executive, Natasha Fenech....

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People & Products

Brian Benari will retire as chief executive of Challenger and be replaced by Richard Howes....

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Financial planning

The financial planning landscape is facing a tectonic shift as the major banks look to exit their wealth management business, something underlined in Money Management’s l...

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People & Products

Pauline Vamos has left her chief executive role at Regnan....

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Financial planning

National Australia Bank has confirmed its intention to exit its wealth businesses including MLC but excluding JB Were and nabtrade....

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MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

1 month ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month 1 week ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month 2 weeks ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

2 weeks 6 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

2 weeks 2 days ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

2 weeks 1 day ago