Powered by MOMENTUM MEDIA
moneymanagement logo
 

‘Like herding cats’: How can M&A go wrong?

financial-advice/financial-advisers/M&A/mergers-and-acquisitions/

Unexpected bills and a lack of cultural alignment are among M&A challenges two directors have faced, and the experiences have taught them that advice practices shouldn’t pursue “scale for scale’s sake”.

Read more about:

AUTHOR

FAAA raises CSLR concerns with Minister Jones

Stephen-Jones/CSLR/Sarah-Abood/phil-anderson/

The Financial Advice Association Australia has met with Minister for Financial Services, Stephen Jones, to discuss their concerns about the escalating costs of the Compensation Scheme of Last Resort.

Read more about:

AUTHOR

Australian wholesale flows boost GQG FUM

GQG-Partners/australian-market/wholesale-investing/

GQG Partners has reported a 67 per cent year-on-year increase in Australian wholesale net flows to its funds as it announces its half-year results.

Read more about:

AUTHOR

Creating a culture of compliance in advice

ASIC/licensees/AFSL/compliance/enforcement/

In light of recent ASIC investigations, Assured Support has outlined how compliance programs can fail within advice practices and licensees if they are treated as “necessary evils” and corners are cut.

Read more about:

AUTHOR

Sequoia resolves legal action after acquisitions

Sequoia/court/acquisition/Garry-Crole/

A dispute between Sequoia Financial Group and individual Tim McGowen has reached a conclusion, following a problematic acquisition of three companies.

Read more about:

AUTHOR

Clime identifies $1m pa savings from Madison divestment

Madison/infocus/Clime-Investment-Management/

Clime Investment Management believes its FY25 operating costs will be “substantially lower” after identifying $1 million per annum in cost savings from the Madison divestment.

Read more about:

AUTHOR

FSCP makes latest adviser determination

FSCP/statements-of-advice/financial-advice/insurance/

The Financial Services and Credit Panel has made its first determination in over three months with the relevant provider pulled up on their statements of advice.

AUTHOR

The licensees that led Q2 adviser growth

Adviser-Ratings/adviser-numbers/centrepoint-alliance/financial-advisers/

Adviser Ratings’ quarterly data has uncovered the top 10 financial advice licensees for growth and losses in the second quarter of the 2024 calendar year.

Read more about:

AUTHOR

How has adviser sentiment changed over the past decade?

adviser-sentiment/wealth-insights/financial-advisers/

Back in 2014, the proportion of optimistic advisers sat at 55 per cent, but how has the past decade and the fallout from the Hayne royal commission changed things?

Read more about:

AUTHOR

Lazard makes distribution appointment from PGIM

Lazard/Lazard-Asset-Management/pgim/

The former head of Australia wealth at PGIM has taken up a new role as an investment specialist at Lazard Asset Management.

Read more about:

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 week 6 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 weeks 6 days ago

So we are now underwriting criminal scams?...

6 months 3 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

2 weeks 1 day ago

A professional year supervisor has been banned for five years after advice provided by his provisional relevant provider was deemed to be inappropriate, the first time th...

4 weeks ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

2 weeks 5 days ago