ASIC’s ‘whack-a-mole’ problem with unlicensed advisers

Sarah-Court/ASIC/unlicensed-advice/financial-advice/enforcement/

ASIC’s Sarah Court has confirmed the regulator is carrying out systematic work on providers of unlicensed advice but admits it is a case of “whack-a-mole” when it comes to disciplining them.

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Determining effective pricing structures in advice

advice-fee/pricing/cost/

As more advisers review their fee structures, Business Health has shared six steps to calculating the price to deliver financial advice services in a profitable yet suitable way.

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Fidelity creates new leadership role in Australian team

fidelity/fund-management/appointments/

Fidelity International has looked internally to appoint a head of strategic sales and solutions for its Australian division, which is a newly created role for the business.

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Lonsec positions managed accounts for political storm

Lonsec-Research/lonsec/geopolitics/managed-accounts/market-volatility/

Lonsec’s deputy CIO Deanne Baker has highlighted what investment tools the firm is harnessing to mitigate the impact of geopolitical risks in its managed account offerings.

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Barings launches 2 private credit funds

private-markets/private-credit/fund-launch/

Global investment manager Barings has launched two private credit funds for Australian investors as advisers indicate an expectation of increasing allocations to private markets.

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E&P Financial Group shareholders vote on de-listing

e&p/E&P-Financial-Group/Dixon-Advisory/

Following an extraordinary general meeting today, Dixon Advisory parent company E&P Financial Group’s shareholders have voted on its proposed delisting from the ASX.

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Rhombus Advisory nears 500 advisers

Wealth-Data/adviser-numbers/insignia-financial/darren-whereat/

While overall financial adviser numbers have dipped below 15,500 this week, Rhombus Advisory is experiencing growth and approaching 500 advisers in its ranks.

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Xplan retains omnipresent position in software market

netwealth/XPLAN/iress/financial-planning-software/

Iress’ Xplan continues to dominate the financial planning software market with a multitude of uses, according to Netwealth research, despite newer players battling for a piece of the pie.

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Regulation delaying speed of super fund advice: Boal

Stephen-Jones/Deloitte/andrew-boal/financial-advice/

Deloitte’s Andrew Boal believes digital advice delivered by superannuation funds is years away yet from being able to solve the financial advice gap.

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Australian private markets manager detracts from Pacific Current FUM

Pacific-Current-Group/private-markets/funds-under-management/GQG-Partners/

Outflows from an Australian private markets fund manager have caused FUM at Pacific Current to decline by $1 billion in the last quarter.

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