Clearview to divest from wealth management within FY24

ClearView-Wealth/wealth-management/financial-advice/centrepoint-alliance/

| By Rhea Nath |

Announcing underlying NPAT of $36.5 million in its FY23 results, the firm has reaffirmed its focus on life insurance and will be exiting financial advice and wealth management under a simplified business model.

Read more about:

ClearView Wealth

wealth management

financial advice

centrepoint alliance

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.

View articles by Rhea

Rhea 's social profiles:

E-mail Author

Centrepoint Alliance posts FY23 results, commits to further M&A

Centrepoint/licencees/financial-advisers/

| By Laura Dew |

Financial planning

Centrepoint Alliance has announced a net profit after tax of $6.3 million as it forecasts a strong recruitment pipeline of over 360 financial advisers looking to join the licensee.

Read more about:

Centrepoint

licencees

financial advisers

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.

View articles by Laura

Laura 's social profiles:

Prime Financial signals ‘acceleration mode’ with $100m revenue target

Prime-Financial/SMSF/mergers-and-acquisitions/

| By Rhea Nath |

Financial planning

The firm has announced revenue growth of almost 30 per cent to $33.7 million in its annual results and will be seeking to reach $100 million by 2030, doubling its previous target.

Read more about:

Prime Financial

SMSF

mergers and acquisitions

AUTHOR

Rhea Nath

View articles by Rhea

Rhea 's social profiles:

E-mail Author

Former Sydney adviser has assets frozen amid ASIC investigation

ASIC/Sydney/financial-advisers/

| By Laura Dew |

Financial planning

ASIC has commenced “urgent proceedings” in the Federal Court of a former Sydney financial adviser amid an investigation regarding fees charged to client super funds.

Read more about:

ASIC

Sydney

financial advisers

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.

View articles by Laura

Laura 's social profiles:

HUB24 targets $100bn platform FUA

HUB24/platforms/financial-results/

| By Laura Dew |

Financial planning

HUB24 is targeting platform funds under administration of up to $100 billion by FY25 as it looks to build the ‘platform of tomorrow’.

Read more about:

HUB24

platforms

financial results

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.

View articles by Laura

Laura 's social profiles:

Paraplanners fear sidelining by video SOA

paraplanning/statement-of-advice/quality-of-advice-review/QAR/

| By Jasmine Siljic |

Financial planning

Amidst concerns that video SOAs or a shorter advice document could replace paraplanners, this industry professional sees it as an opportunity for them to upskill.

Read more about:

paraplanning

statement of advice

quality of advice review

QAR

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.

View articles by Jasmine

Jasmine 's social profiles:

E-mail Author

How Magellan plans to regain advisers’ favour

Magellan/Andrew-Formica/David-George/financial-advisers/

| By Laura Dew |

Funds management

Magellan chief executive, David George, has sent a message to advisers that they are a key client base for the firm while discussing how M&A could help to reach its $100 billion FUM target.

Read more about:

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.

View articles by Laura

Laura 's social profiles:

Iress sells off managed funds business

iress/SS&C-Technologies/managed-funds/

| By Rhea Nath |

Financial planning

The firm has entered an agreement with SS&C to divest its managed funds administration business for $52 million with the deal expected to close in Q3 FY23 as it details its half-year results.

Read more about:

iress

SS&C Technologies

managed funds

AUTHOR

Rhea Nath

View articles by Rhea

Rhea 's social profiles:

E-mail Author

Financial advisers gain recognition as a profession from ABS

ABS/financial-advice/financial-advisers/

| By Jasmine Siljic |

Financial planning

The statistical agency has officially recognised the financial advice profession by using the occupational terms 'financial adviser/financial planner' as a result of the FAAA advocacy.

Read more about:

ABS

financial advice

financial advisers

AUTHOR

Jasmine Siljic

View articles by Jasmine

Jasmine 's social profiles:

E-mail Author

Profits halve at Magellan, new chair appointed

Magellan/Andrew-Formica/David-George/Hamish-Douglass/

| By Laura Dew |

Funds management

Net profit after tax at Magellan has declined by 52 per cent as it releases its FY22-23 results, its first in a five-year transformation strategy, and makes several people moves.

Read more about:

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.

View articles by Laura

Laura 's social profiles:

Subscribe to

Never miss the latest news and developments in wealth management industry

SUBSCRIBE TO OUR NEWSLETTER

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

The succession planning dilemma for younger staff

1 week 1 day ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

Working collaboratively with law firms to settle family disputes

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

Fixing the PY pipeline: Addressing the challenge for licensees

1 month 1 week ago

Clearview to divest from wealth management within FY24

AUTHOR

Rhea Nath

Rhea 's social profiles:

Centrepoint Alliance posts FY23 results, commits to further M&A

AUTHOR

Laura Dew

Laura 's social profiles:

Prime Financial signals ‘acceleration mode’ with $100m revenue target

AUTHOR

Rhea Nath

Rhea 's social profiles:

Former Sydney adviser has assets frozen amid ASIC investigation

AUTHOR

Laura Dew

Laura 's social profiles:

HUB24 targets $100bn platform FUA

AUTHOR

Laura Dew

Laura 's social profiles:

Paraplanners fear sidelining by video SOA

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

How Magellan plans to regain advisers’ favour

AUTHOR

Laura Dew

Laura 's social profiles:

Iress sells off managed funds business

AUTHOR

Rhea Nath

Rhea 's social profiles:

Financial advisers gain recognition as a profession from ABS

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Profits halve at Magellan, new chair appointed

AUTHOR

Laura Dew

Laura 's social profiles:

Never miss the latest news and developments in wealth management industry

Jonathan Belz – Redefining APAC Access to US Private Assets

Real-Time Settlement Efficiency in Modern Crypto Wealth Management

Trump, tariffs, and turmoil: Why investors are seeking alternatives

Bancara: The Future of Wealth, Built for Those Who Live Without Limits

MARKET INSIGHTS

Podcast

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

STAY CONNECTED

USEFUL LINKS

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

LINKS

CATEGORIES

STAY CONNECTED