Advisers report alleged ‘bullying’ by product providers

Sarah-Abood/David-Sharpe/financial-advisers/

| By Jasmine Siljic |

The Financial Advice Association Australia has addressed “pretty disturbing” instances where its financial adviser members have allegedly experienced “bullying” by product providers.

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Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Dixon Advisory issues ‘resolved’, says E&P

CSLR/financial-advice/E&P-Financial-Group/Dixon-Advisory/

| By Keith Ford |

Financial planning

E&P Financial Group says outstanding legacy issues related to the Dixon Advisory collapse have been resolved, passing the buck for its compensation onto financial advisers via the CSLR.

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Keith Ford

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Australian Ethical NPAT rises 80%, appoints former Pendal CEO

Australian-Ethical/Pendal-Group/responsible-investment/

| By Jasmine Siljic |

Funds management

Australian Ethical has reported 80 per cent growth in its FY24 statutory net profit after tax, with its board set to welcome Pendal’s former CEO next month.

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Jasmine Siljic

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Perpetual reports $472m loss, chair D’Aloisio to retire

Perpetual/asset-management/

| By Laura Dew |

Funds management

Perpetual has reported a statutory loss of $472 million for FY24 after experiencing heavy asset management outflows, while chairman Tony D’Aloisio is to retire from the board after eight years.

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Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Platinum unveils insto partnerships to boost growth

Platinum/institutional-investors/

| By Laura Dew |

Funds management

Platinum has announced it will partner with global institutional managers to help boost their retail presence as part of its new growth strategy, as well as reporting a 44 per cent NPAT drop.

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Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Sequoia’s Crole expectant of higher income from new advisers

Sequoia/Sequoia-financial-group/licensees/income/financial-advisers/Garry-Crole/

| By Laura Dew |

Financial planning

Expected income from advisers who joined Sequoia in FY24 is three times higher than those who departed, while the shareholder dispute has caused a “positive shake-up” in the business.

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Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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One-off clients pose ‘untapped opportunity’ for growth

financial-advice/Adviser-Ratings/clients/fees/

| By Jasmine Siljic |

Financial planning

Unlocking the potential of one-off clients and transitioning them into ongoing advisory relationships start with reducing fee barriers, according to Adviser Ratings.

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Jasmine Siljic

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Zenith research head jumps to boutique fund manager

research-houses/Zenith/recruitment/

| By Laura Dew |

Financial planning

Zenith Investment Partners’ research head Bronwen Moncrieff has joined fund manager Blackwattle Investment Partners.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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ASIC looks to simplify AFSL application process

AFSL/ASIC/licensees/

| By Laura Dew |

Financial planning

ASIC is piloting a new portal to simplify the process of applying for an Australian financial services licence with the expectation of a formal launch in the first quarter of 2025.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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How tracking data could help overcome gender biases

women-in-finance/women-in-financial-services/gender-equality/gender-equity/gender-diversity/

| By Malavika |

Funds management

Anja Pannek has urged organisations to measure its recruitment, retention and incentive strategies to ensure that there is gender diversity.

AUTHOR

Malavika Santhebennur

Malavika Santhebennur was a news and features financial services journalist at Money Management, part of Financial Express. She has previously written in various industrial publications at Cirrus Media, including mining, food, franchising, and health.

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