AMP shares Q3 results amid advice divestment

AMP has reported its Q3 results and provided a progress update on the divestment of its advice division to Entireti.

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Micro-AFSLs climb as large licensees halve

Exclusive analysis from Wealth Data shows the number of AFSLs in the holistic advice model with one to two advisers has risen 54 per cent over the past five years, while licensees with 100 or more have halved.

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Compliance mistakes advisers can avoid from Dixon Advisory

A compliance expert has shared three tips that financial advisers can learn from the mistakes of Dixon Advisory, based on the firm's AFCA determinations.

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CFS introduces low-cost digital advice solution

Colonial First State has unveiled its tailored digital financial advice offering, designed by Otivo, for unadvised CFS FirstChoice superannuation members at just $88 per annum.

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Insignia managed account FUM hits $10bn

Managed account solutions at Insignia Financial have hit $10 billion in funds under management as it adds 11 model portfolios to Expand.

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EBC Financial Group sees ‘immense potential’ in Aussie HNWs

The global financial services firm has taken on a second AFSL as it looks to capitalise on the high-net-worth market in Australia.

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Clime IM appoints 4 amid cost-cutting ‘scrutiny’

Clime IM has made four appointments amid a strict cost-cutting strategy to reduce executive overheads, following the resignation of three non-executive directors last week.

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The FASEA lessons for future privacy reforms

The advice industry’s experience with the disbanded FASEA regime should be a harbinger for any possible review and funding of the Office of the Australian Information Commissioner under new privacy laws.

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Unadvised Australians held back by cost and trust

Advised Australians are twice as likely to be happy with their financial situations than unadvised consumers, according to Generation Life, but cost and trust are holding unadvised ones back.

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Are fund managers abandoning sustainability?

As ESG and sustainable funds continue to suffer outflows and the regulator cracks down on greenwashing, there has been a notable downturn in the number of launches and staff hires in this area.

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