From 100 to 0: NextGen loses final advisers

Wealth-Data/nextgen/AFSL/licence-cancellation/

NextGen Financial Group has bid farewell to its remaining financial advisers following ASIC’s cancellation of its AFSL, contrasting the firm’s peak of over 100 advisers in 2019.

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Culture is king: Retaining PY talent in advice

recruitment/professional-year/financial-advice/

Retaining new entrants in the advice industry as they complete their Professional Year is a key focus for advice firms in 2024, with younger generations increasingly valuing workplace culture more than ever.

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Platinum to embark on urgent turnaround strategy

Platinum/CEOs/financial-results/

Asset manager Platinum has announced to the ASX that a “turnaround is required and underway” as it battles with net outflows and declining revenue.

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IDR reports are in, but what’s next?

ASIC/internal-dispute-resolution/complaints/breaches/

All eyes are now on ASIC as licensees await how the regulator will use the internal dispute resolution regime data submitted as the deadline is reached.

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Money Management unveils inaugural Australian Wealth Management Summit

money-management/wealth-management/amp/T.-Rowe-Price/Future-Fund/American-century-investments/allianz-retire+/L1-Capital/

Money Management is pleased to launch a groundbreaking new conference that will set the stage for transformative change in wealth management.

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WT Financial turns to organic growth following M3 acquisition

WT-Financial-Group/millennium3/WT-Financial/financial-results/insignia/Keith-Cullen/

With three years of M&A activity under its belt, WT Financial reflects on its recent acquisition of Millennium3 from Insignia and says it is now well positioned to achieve organic growth.

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‘ASX Wolf’ finfluencer hit with bankruptcy orders

finfluencers/ASIC/federal-court/finfluencer/

ASIC has successfully obtained orders to bankrupt finfluencer Tyson Scholz for his failure to pay Federal Court costs of more than $450,000.

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US Treasuries: Blood on the Streets

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Financial Services Industry not delivering to the public

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

4 weeks 1 day ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks ago