The outsourcing piece in the advice gap equation

outsourcing/paraplanning/Virtual-Business-Partners/AZ-NGA/financial-advisers/

| By Jasmine Siljic |

Australian financial advice firms are increasingly looking towards outsourcing as a tool to optimise their business, two industry professionals share, freeing advisers to focus more on client-facing duties.

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outsourcing

paraplanning

Virtual Business Partners

AZ NGA

financial advisers

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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ASIC reminds licensees of ongoing registration obligations

ASIC/adviser-registration/AFSL/licensees/

| By Laura Dew |

Financial planning

ASIC has reminded advisers that their registration requirements are an ongoing obligation, having met the first deadline on 16 February, and highlighted when a registration may cease.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Global fund managers bullish amid soft landing consensus

Bank-of-America/fund-management/asset-allocation/

| By Staff |

Funds management

Global fund managers are the most bullish they have been in more than two years, the latest Bank of America manager survey has shown.

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Bank of America

fund management

asset allocation

AUTHOR

Advice CSLR second levy estimate could spiral to almost $40m

CSLR/AFCA/Dixon-Advisory/financial-advice/levy/

| By Laura Dew |

Financial planning

The second CSLR levy period payable by financial advisers could increase to as much as $39.4 million if AFCA processes all DASS complaints by March 2025.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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New entrants remain committed to advice, but are there enough?

new-entrants/financial-advice/graduate-program/students/

| By Jasmine Siljic |

Financial planning

The proportion of new entrants who decide to remain in the financial advice profession is on the rise but overall numbers are still insufficient, according to Wealth Data’s Colin Williams.

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Jasmine Siljic

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AMP BOLR settlement yet to be filed in court, says Corrs

amp/bolr/federal-court/

| By Laura Dew |

Financial planning

Corrs Chambers Westgarth, the law firm handling AMP’s buyer of last resort proceedings, says it is yet to file documents relating to the settlement sum, as the case management date is pushed back multiple times.

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amp

bolr

federal court

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Former Schroders Australia CEO joins private markets manager

Schroders/Spire-Capital/private-markets/

| By Laura Dew |

Funds management

Private markets firm Spire Capital has appointed former Schroders Australia chief executive, Sam Hallinan, as a partner as it seeks to expand its reach with financial advisers.

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Schroders

Spire Capital

private markets

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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The licensee leading YTD organic adviser growth

Wealth-Data/centrepoint-alliance/licensees/adviser-movement/Colin-Williams/

| By Jasmine Siljic |

Financial planning

With an increase of 25 advisers since the start of the year, Wealth Data has identified the licensee seeing the largest organic adviser growth.

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Jasmine Siljic

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How can advisers avoid a PI claim?

PI-insurance/Adviser-Ratings/complaints/

| By Jasmine Siljic |

Financial planning

A complex series of factors can cause financial advisers to get caught up in professional indemnity insurance claims – Numerisk’s Richard Silberman shares how to avoid such events.

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PI insurance

Adviser Ratings

complaints

AUTHOR

Jasmine Siljic

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ASIC hands down permanent ban to crypto fund director

ASIC/cryptocurrency/digital-assets/

| By Rhea Nath |

Funds management

The corporate regulator has handed down a permanent ban to the director of a crypto fund, whom it deemed to lack “integrity, trustworthiness and judgement”.

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ASIC

cryptocurrency

digital assets

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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