AMP’s George details historic decision to exit advice

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AMP chief executive Alexis George has detailed to Money Management how its exit from advice will change the industry, allow greater scale for advisers and a new role for advice executive Matt Lawler.

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Relative Return: Debunking index investing

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In this episode of Relative Return, host Laura Dew speaks with Michael Hunstad, deputy chief investment officer and chief investment officer of global equities at Northern Trust Asset Management, to debunk myths around index investing.

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AMP to sell off advice licensees for $10.2m

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AMP has announced it has concluded a 12-month process assessing alternative advice models and will be selling its advice licensees and self-licensed offering.

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Is self-licensing worth the cost?

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Two financial advice professionals examine the cost-effectiveness of running your own AFSL, and whether the upfront and ongoing expenses are worth the benefits it provides.

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Half of employees considering career change

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With advice firms reporting challenges around staff retention and hiring, half of employees say they are willing to change careers in the next 12 months and pay isn’t always their primary driver.

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Closing the gender gap in wealth advice teams

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New research has uncovered that wealth investment teams are seeing greater female representation than wealth advice teams, as well as what can be done to achieve gender parity.

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Former adviser launches AI service

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An artificial intelligence service designed to optimise the financial planning documentation process has been launched by a former financial adviser.

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GQG shares FUM update ahead of FY results

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GQG Partners has reported a small rise in funds under management in July, ahead of its full-year results later this month.

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Sequoia sees third chairman in 4 months

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Advice licensee Sequoia Financial Group has announced a new chairman as the firm reshuffles following a shareholder dispute.

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‘We haven’t chosen to go fast’: Berry provides CSLR update

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The Compensation Scheme of Last Resort’s CEO David Berry has confirmed the number of complaints the organisation is actively working on, with $3.3 million being paid to victims so far.

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

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

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 4 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 3 days ago