Licensees reluctant to hold crypto on APLs

crypto/cryptocurrency/APLs/approved-product-list/financial-advisers/

Only 11 per cent of financial advice practices have said they are including crypto products on their approved products lists, according to CoreData.

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Jones clarifies role of new class of adviser

Stephen-Jones/financial-advice/quality-of-advice-review/

Minister for Financial Services, Stephen Jones, has said it is not a “backdoor attempt” by the government to allow the new class of adviser to provide full advice.

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BlackRock reveals inaugural public-private model portfolio

blackrock/private-markets/managed-accounts/public-markets/

BlackRock, in collaboration with iCapital and GeoWealth, has unveiled a model portfolio that delivers access to both private and public market assets in a single account, following adviser demand.

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Relative Return Unplugged: Unpacking the budget: Deficits, spending, and productivity risks

Podcast/Relative-Return/

In this week’s episode of Relative Return Unplugged, AMP’s chief economist, Shane Oliver, joins u

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Former IOOF CEO takes up chair role at COG Financial

IOOF/centrepoint-alliance/Sequoia/M&A/board/

A former chief executive of IOOF and managing director of Centrepoint Alliance has joined the board as chair of COG Financial, which previously made a bid to acquire advice licensee Diverger.

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Infocus makes 2 senior leadership hires

infocus/fitzpatricks-private-wealth/appointments/

Infocus has announced two appointments to its senior leadership team, just days after unveiling a new business model for the advice licensee.

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Rising adviser numbers ‘incumbent’ on large wealth managers

new-entrants/graduate-program/Morgan-Stanley/ord-minnett/

As adviser numbers struggle to keep pace with growing demand, Ord Minnett and Morgan Stanley believe large wealth firms like themselves have a major role to play in attracting new entrants.

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AMP assures no home monitoring in contracts, FSU celebrates win

AMP--Capital/amp/fsu/unions/

The Finance Sector Union has branded AMP’s confirmation that it will not use surveillance and monitoring on employees in their homes a “win” for the union.

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‘Little pieces of gold’ for advisers in federal budget

mlc/financial-advisers/Budget/federal-budget/

While the measures in this year’s federal budget may seem minimal, MLC has broken down the “little pieces of gold” and client opportunities for financial advisers to maximise.

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‘Disenfrachised’ HNWIs driving non-custodial usage

praemium/CoreData/custody/high-net-worth/

High-net-worth investors, who are “disenfranchised” with the traditional options available to them, are moving into the non-custodial solutions, with advisers citing client preference as the top factor influencing their usage.

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