FAR

Financial planning

There were over 350 new entrants who came on board during 2022, according to Wealth Data, as the industry seeks to grow to counter the adviser exodus. ...

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Financial planning

Wealth Data has revealed the total number of advisers, and their sectors, who left during 2022. ...

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Financial planning

Licensees will need to ensure their advisers’ Financial Adviser Register record states if they can provide tax (financial) advice by 1 February, 2023. ...

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Financial planning

There are concerns regarding registrations on the Financial Advisers Register as smaller licensees close with backdated resignation dates. ...

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Financial planning

Almost 500 AFS licensees received communication from ASIC earlier this year because they had failed update their ceased advisers on the Financial Advisers Register....

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Financial planning

Almost 500 AFS licensees received communication from ASIC earlier this year because they had failed to update their ceased advisers on the Financial Advisers Register (FA...

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Financial planning

The acquisition has brought a new combined entity of WT Financial Group and Synchron to 560 advisers, as per Australian Securities Investment Commissions’ Financial Advis...

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Financial planning

Senior executives should face civil penalties of up to $1 million if they breach the Financial Accountability Regime, according to consumer advocacy group CHOICE....

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Financial planning

Small licensees are further expected to close in the coming weeks with the number of advisers expected to reach between 15,000 and 16,000 this year, according to Wealth D...

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Financial planning

The new Financial Accountability Regime between APRA and ASIC will have clearly defined roles to avoid duplicate reporting to multiple agencies....

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Financial planning

There is an expectation that the total number of advisers will drop to 17,200 in January, and thereafter to between 15,000 and 16,000....

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Financial planning

The financial advice industry is finishing the year with a loss of 2,189 advisers, however the worst is yet to come, according to Wealth Data....

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Financial planning

The registration of financial advisers under the Better Advice Act will occur in two stages with the second commencing once the register transitions to the Australian Tax...

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Financial planning

One-third of advisers are likely to have their rating downgraded as the firm incorporates more focus on education and professional standards....

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Top 100

Money Management’s 2021 TOP Financial Planning Groups survey has confirmed that the number of financial advisers operating under the umbrellas of the largest groups has d...

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Never miss the latest news and developments in wealth management industry

Bradley

Dear CEO and board, It's time to start some VERY HEAVY LOBBYING on behalf of advisers which could save your platform re...

14 hours ago
JOHN GILLIES

He is every thing ASIC said he was BUT How on earth did he expect to get away with it????? . these guy's who dip in...

16 hours ago
Chris Cornish

A tad optimistic from Morningstar. Adviser numbers are somewhat irrelevant; it all comes down to the platform and whethe...

17 hours ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

1 week 1 day ago

Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation....

2 weeks 2 days ago

Iress has announced it is strengthening its security settings after suffering an unauthorised access of its systems over the weekend....

2 weeks 3 days ago