Significant loss of 46 advisers marks end of FY2022–23

Wealth-Data/Colin-Williams/adviser-movement/

| By Rhea Nath |

Going into the end of the financial year, adviser movements remain disappointing with a large loss of 46 advisers for the week, according to Wealth Data.

Read more about:

Wealth Data

Colin Williams

adviser movement

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

FAAA calls on government to re-enact levy freeze

Sarah-Abood/ASIC-levy/financial-advice-levy/

| By Laura Dew |

Financial planning

FAAA chief executive, Sarah Abood, has hit out at the 2022–23 ASIC levy estimate for advisers and called for the temporary freeze to be re-enacted.

Read more about:

Sarah Abood

ASIC levy

financial advice levy

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:

How much will advisers pay in the 2022–23 levy?

ASIC/levy/treasury/

| By Rhea Nath |

Financial planning

ASIC has released the indicative levy for advisers in 2022–23 in its latest cost recovery implementation statement.

Read more about:

ASIC

levy

treasury

AUTHOR

Rhea Nath

View articles by Rhea

Rhea 's social profiles:

E-mail Author

FSCP puts SOA mistakes in the spotlight

FSCP/ASIC/statements-of-advice/Superannuation/

| By Laura Dew |

Financial planning

A relevant provider that used an inaccurate SOA to induce a client to switch superannuation funds is the subject of the Financial Services and Credit Panel’s latest complaint.

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:

OpenInvest CEO on being in the ‘right place at the right time’

OpenInvest/digital-advice/online-advice/fintech/Andrew-Varlamos/

| By Laura Dew |

Financial planning

EXCLUSIVE Speaking to Money Management, Melbourne-based OpenInvest chief executive, Andrew Varlamos, believes the firm was in the ‘right place at the right time’ when it came to the uptake of online advice.

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:

10 ways ASIC’s industry funding model could change

ASIC/industry-funding/treasury/financial-advice-levy/

| By Laura Dew |

Financial planning

The government has made 10 recommendations on ASIC’s industry funding model following a Treasury review and confirmed the temporary levy relief for personal financial advisers will not be extended.

Read more about:

ASIC

industry funding

treasury

financial advice levy

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:

What does a ‘fit-for-purpose’ SOA look like?

statements-of-advice/advice-documentation/quality-of-advice-review/

| By Laura Dew |

Financial planning

Six industry experts have shared their views on what a ‘fit-for-purpose’ statement of advice document could look like as the government commits to consultation on a new document.

Read more about:

statements of advice

advice documentation

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.

View articles by Laura

Laura 's social profiles:

Perth adviser permanently banned by ASIC

ASIC/banning/

| By Laura Dew |

Financial planning

A former Perth financial adviser has been permanently banned by ASIC after being sentenced in January for unauthorised client transactions.

Read more about:

ASIC

banning

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:

Convicted fraudster dupes NRL’s Jarryd Hayne out of $780k

jail/bitcoin/scams/cryptocurrency/

| By Laura Dew |

Funds management

A Sydney man permanently banned by ASIC and jailed for a Ponzi scheme allegedly duped former NRL player Jarryd Hayne out of $780,000 while the pair were in jail together.

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:

ASIC reject claims of undermining inquiry

ASIC/senate/Senate-Economics-Committee/

| By Laura Dew |

Policy & Regulation

ASIC has unequivocally rejected claims that it tried to undermine a Senate inquiry by requesting public interest immunity for certain questions.

Read more about:

ASIC

senate

Senate Economics Committee

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 2 days 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

Significant loss of 46 advisers marks end of FY2022–23

AUTHOR

Rhea Nath

Rhea 's social profiles:

FAAA calls on government to re-enact levy freeze

AUTHOR

Laura Dew

Laura 's social profiles:

How much will advisers pay in the 2022–23 levy?

AUTHOR

Rhea Nath

Rhea 's social profiles:

FSCP puts SOA mistakes in the spotlight

AUTHOR

Laura Dew

Laura 's social profiles:

OpenInvest CEO on being in the ‘right place at the right time’

AUTHOR

Laura Dew

Laura 's social profiles:

10 ways ASIC’s industry funding model could change

AUTHOR

Laura Dew

Laura 's social profiles:

What does a ‘fit-for-purpose’ SOA look like?

AUTHOR

Laura Dew

Laura 's social profiles:

Perth adviser permanently banned by ASIC

AUTHOR

Laura Dew

Laura 's social profiles:

Convicted fraudster dupes NRL’s Jarryd Hayne out of $780k

AUTHOR

Laura Dew

Laura 's social profiles:

ASIC reject claims of undermining inquiry

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