Levy missed a trick to rebuild a dynamic profession

financial-advice/quality-of-advice-review/Michelle-Levy/United-Kingdom/advice-gap/

| By James Mitchell |

As the industry awaits government action on Michelle Levy’s recommendations, one big question looms: Why are so few Australians getting financial advice?

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financial advice

quality of advice review

Michelle Levy

United Kingdom

advice gap

AUTHOR

James Mitchell

James Mitchell is a senior financial services reporter with over ten years experience. He has covered the Murray Inquiry, the Hayne royal commission and the evolution of Australia's financial intermediary sectors since 2011, with a focus on banking, superannuation, mortgages and wealth management.

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HUB24 urges action on QAR as it acquires myprosperity

myprosperity/HUB24/Andrew-Alcock/quality-of-advice-review/

| By Laura Dew |

People & Products

The Quality of Advice Review needs to be enacted “urgently” to allow the industry to rebuild, according to HUB24’s chief executive, Andrew Alcock, as the firm acquires client portal myprosperity.

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myprosperity

HUB24

Andrew Alcock

quality of advice review

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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AMP Advice partners with open banking fintech

amp/fintech/open-banking/

| By Laura Dew |

People & Products

AMP Advice has partnered with fintech firm Frollo to provide advisers and their clients with access to its open banking technology.

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amp

fintech

open banking

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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Superhero to launch adviser platform in FY24

platforms/digital/

| By Laura Dew |

Financial planning

Investment platform Superhero has announced it will be launching an adviser platform for advisers and dealer groups to help them deliver affordable advice.

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platforms

digital

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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Jones promises ‘ambitious’ climate agenda in 2023–24 Budget

ACSI/federal-budget/Stephen-Jones/climate-change/

| By Rhea Nath |

Policy & Regulation

Speaking at the 2023 ACSI Annual Conference, Minister Stephen Jones said the government would prefer doing “too much too soon, not too little too late” on its sustainability agenda.

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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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Ord Minnett pays $888k penalty

equities/ord-minnett/ASIC/

| By Laura Dew |

Funds management

Wealth manager and stockbroker Ord Minnett has paid $888k to comply with an infringement notice from the Markets Disciplinary Panel regarding a buy-back.

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equities

ord minnett

ASIC

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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Why this licensee CEO won’t discount the role of finfluencers

finfluencers/social-media/ASIC/insignia-financial/renato-mota/

| By Rhea Nath |

Financial planning

Although finfluencers tend to “swim outside the safety flags”, Insignia chief executive Renato Mota believes they signal an unmet demand from a younger generation seeking advice and information.

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AUTHOR

Rhea Nath

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Students launch class action after unaccredited advice degree

university/education/FASEA/professional-year/class-action/

| By Laura Dew |

Financial planning

Almost 20 students have filed a class action against James Cook University after discovering their financial planning degrees had not received accreditation, leaving them unable to secure jobs.

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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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Sustainable fund inflows plunge by 91%: Morningstar

Vanguard-Australia/morningstar/sustainable-investing/sustainable-funds/ESG/

| By Laura Dew |

Funds management

Morningstar research has seen inflows to sustainable funds fall by 91 per cent in the past quarter, with passive giant Vanguard reporting rare net outflows after the firm received infringement notices for alleged greenwashing.

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Vanguard Australia

morningstar

sustainable investing

sustainable funds

ESG

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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RBA makes latest cash rate call

RBA/interest-rates/inflation/Phil-Lowe/

| By Charbel Kadib |

Funds management

The central bank’s monetary policy board has announced its cash rate decision amid mixed signals from the domestic and global economy.

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AUTHOR

Charbel Kadib

Charbel is an experienced financial services journalist, previously serving as news editor of The Adviser and Mortgage Business. Prior to joining Money Management, he also covered defence and national security developments as news editor of Defence Connect, Cyber Security Connect, and Space Connect. Charbel graduated from the University of Notre Dame with a double major in politics and journalism.

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Levy missed a trick to rebuild a dynamic profession

AUTHOR

James Mitchell

James 's social profiles:

HUB24 urges action on QAR as it acquires myprosperity

AUTHOR

Laura Dew

Laura 's social profiles:

AMP Advice partners with open banking fintech

AUTHOR

Laura Dew

Laura 's social profiles:

Superhero to launch adviser platform in FY24

AUTHOR

Laura Dew

Laura 's social profiles:

Jones promises ‘ambitious’ climate agenda in 2023–24 Budget

AUTHOR

Rhea Nath

Rhea 's social profiles:

Ord Minnett pays $888k penalty

AUTHOR

Laura Dew

Laura 's social profiles:

Why this licensee CEO won’t discount the role of finfluencers

AUTHOR

Rhea Nath

Rhea 's social profiles:

Students launch class action after unaccredited advice degree

AUTHOR

Laura Dew

Laura 's social profiles:

Sustainable fund inflows plunge by 91%: Morningstar

AUTHOR

Laura Dew

Laura 's social profiles:

RBA makes latest cash rate call

AUTHOR

Charbel Kadib

Charbel 's social profiles:

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