There is an estimated $3.7 trillion opportunity for the big four banks to return to wealth management and with the Quality of Advice Review focusing on digital advice, the temptation could be too big for banks to resist.
AFA national president Sam Perera has announced he will not be joining the board of the newly-formed Financial Advice Association Australia.
The consultation paper on doubling the concessional tax rate for superannuation balances exceeding $3 million would take feedback from stakeholders until mid-April.
Sydney-based wealth manager Sarto Advisory has launched its own online investing solution with OpenInvest to help younger investors.
GCM Grosvenor has opened an office in Sydney and appointed Andy Lukas as managing director of its Australia and New Zealand operations.
AMP has updated shareholders on its portfolio simplification program, stating negative short-term profit impacts from strategic decisions around banks and platforms will benefit the long-term business.
Andrew Russell, who spent three years as chief executive of Class, has been appointed interim chair of Bravura Solutions as Neil Broekhuizen departs after 14 years.
With at least five financial adviser bans, including an adviser who falsified his exam result, the Austr
The FPA’s Future2 Foundation will now include participants from the Association of Financial Advisers and the SMSF Association as board director Sarah Abood steps down.
There has been a net gain of 15 advisers joining the industry this week, including nine new entrants following their exam pass.
