New entrants opting for private firms as Q3 sees adviser gains

Adviser-Ratings/financial-advice/AFSL/licensees/new-entrants/

The third quarter of 2024 saw the first positive increase in adviser numbers for 12 months, according to the latest quarterly Musical Chairs report, with new entrants overwhelmingly choosing to join privately owned firms.

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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

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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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