ClearView has said it expects to completely exit wealth management by the third quarter of FY25.
Centrepoint Alliance is optimistic of benefitting from licensee switching to grow organically and is set to boost funds under advice via a new investment platform in October.
Insignia reports a $185 million statutory net loss after tax in FY24 but sees revenue improve in its newly restructured advice division, thanks to higher value clients.
Financial advice practices with high profit margins charge annual client fees of $7,700 and keep their operational costs low, says Investment Trends’ Irene Guiamatsia.
After an adviser received a warning from the FSCP about their Record of Advice usage, when is the correct time for it to be used with clients?
As financial advisers balance competing business priorities, Business Health identifies four methods to foster strong client relationships.
Former Australian Retirement Trust chief executive Bernard Reilly announced he was joining Perpetual this week – what other CEO moves has the industry seen since the start of 2024?
Equity funds saw $2.2 billion in outflows during the first half of 2024, according to Calastone, despite reporting modest gains in the second quarter.
Perpetual has appointed a new chief executive to replace Rob Adams, with the new appointment holding a background in leading change programs as the firm moves to complete the KKR deal.
A risk-averse nature by licensees to alternative funds is prompting advisers to opt to carry out the investment selection themselves.
