Are you a dealer group recruitment target?
With IOOF’s acquisition of MLC Wealth’s financial planning and associated businesses, financial planning practices working under IOOF and MLC Wealth licenses have found themselves being targeted for recruitment by other advice licensees.
At the same time there is plenty of attention also being directed towards AMP to determine what, if anything, will evolve as that company continues to restructure its advice business.
For that reason, Money Management is seeking to gain a picture of how advisers being affected by current events in the industry. Please take the time to complete the following survey. https://www.surveymonkey.com/r/QWHD7DM
We will share the results with participants.
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An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.
