AFS stays in black
|
|
Dealer group Australian Financial Services Group (AFS) believes it has defied the general industry trend by reporting a 25 per cent increase in profit to $2 million for the six months ended December 31.
The group’s chief executive and managing director, Peter Daly, claimed that 2008 had been a record year for recruitment, with 24 practices adding 43 authorised representatives to the dealer group’s national network.
He also suggested that the group was positioned to record another “record breaking” profit for the current financial year.
AUTHOR
Mike Taylor
Recommended for you
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
