The ‘10-year overnight success’ story of Shaw and Partners

Shaw and Partners CEOs licensees AFSL Wealth Data

Shaw and Partners co-CEO, Earl Evans, reflects on the advice firm’s decade-long success story and why fostering a quality work culture sits at the heart of the business.

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Godfrey Pembroke reappoints Lonsec Research amid Insignia exit

Godfrey Pembroke lonsec research house insignia

Godfrey Pembroke Group has reappointed Lonsec as its research and investment consultant partner, while the licensee transitions out of Insignia Financial’s institutional ownership.

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ASIC cancels AFSL of Brisbane advice firm

ASIC queensland AFSL

ASIC has cancelled the AFSL of a Brisbane advice firm in order to protect the interest of potential consumers as it feared the firm would breach financial services laws.

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Fortnum and PFS unify under parent company

fortnum private wealth Fortnum australian unity financial advisers

Following its acquisition of Australian Unity’s advice business, Fortnum Private Wealth and Professional Financial Services have formed a new parent company with Fortnum CEO Neil Younger at the helm.

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Macquarie Bank receives $10m penalty from Federal Court

macquarie bank macquarie ASIC federal court

The Federal Court has imposed a $10 million penalty on Macquarie Bank for failing to prevent and control unauthorised fee transactions by third parties including financial advisers.

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The concerns keeping financial services directors awake at night

AICD risk management boards directors

There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.

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What should advisers consider before embarking on M&A?

pricing netwealth M&A Peloton Partners financial advice

It can be extremely hard to realise the gains from financial advice M&A, according to Peloton Partners’ Rob Jones, and more could be gained from firms looking inward at their own practice.

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Bonds see largest allocation drop in 20 years

bonds fixed income global fixed income Bank of America

Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.

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Matching the right platform with your client base

platforms Recep Peker HUB24 netwealth praemium OneVue iress

With platforms reporting their quarterly results, there is a clear divide in the adviser markets they are targeting, according to platform specialist Recep Peker, and which would be right for your clients.

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Advice firm cops weekly double-digit loss

Wealth Data adviser numbers Centrepoint centrepoint alliance

A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.

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