A national financial advice firm is targeting advisers looking to leave large licensees and providing them with tools and financial backing to run their own business.
Praemium has seen net outflows of $414 million over the June quarter with Powerwrap outflows eight times higher than the previous quarter, and the platform expects this to continue for another six months.
Clime Investment Management has appointed an acting managing director following the resignation of group chief executive Annick Donat.
The financial planning technology group has entered into a binding share purchase agreement to acquire Integrated Portfolio Solutions, set to bring DASH’s FUA above $15 billion.
Fund manager Merlon Capital Partners has announced it has acquired the minority stake in the business previously owned by Fidante.
A former Queensland-based financial adviser has been permanently banned by ASIC from providing financial services.
PGIM’s real estate investment management business has launched its first Australian real estate debt strategy, which is on track to meet its target of $750 million.
Two Australian small-cap asset managers have announced they are seeking to merge their businesses.
While technology plays a vital role in efficient financial advice firms, it remains just one piece of the wider puzzle in driving overall productivity, writes Business Health.
The decision to convict an NSW individual this week for unlicensed financial advice hinged on the use of disclaimers in a PowerPoint presentation.
