HFS CONSULTING

Financial planning

With its acquisition of MLC Wealth, IOOF now has around 1,500 authorised representatives surpassing AMP’s 1,443. ...

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Financial planning

This week saw a big drop in adviser numbers to 19,953 as licensees with limited advice services continued to cut advisers roles and advisers opting not to proceed with th...

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Financial planning

This has been another week dominated by large licensees leading the rankings in terms of declining adviser roles, with MLC Group having reported a loss of 17 ahead of AMP...

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Financial planning

As licensees continue to clean up their books before 30 June, this week saw a departure of 58 advisers, according to HFS Consulting. ...

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Financial planning

Another 10 licensees chose to shut down, a move that represented a loss of a total of 17 adviser roles during a single week, according to HFS Consulting. ...

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Financial planning

Another eight licensees chose to close this week, which translated into a loss of 15 adviser roles, while the number of actual advisers continued to drop to 22,201. ...

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Financial planning

Licensees are responsible for notifying the corporate regulator that their advisers have completed the exam, however finding whether an adviser has passed isn’t easily ac...

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Financial planning

Gains in adviser numbers, counting year-to-date, are still lower than the losses at the licensee level, according to analysis from HFS Consulting....

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Financial planning

More than 200 adviser roles have been lost year to date compared to 761 lost roles in the first quarter of 2020, according to HFS Consulting’s analysis. ...

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Financial planning

AMP Financial Planning has seen its adviser numbers drop below 800 this week, according to HFS Consulting....

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Financial planning

The combined loss of advisers for IOOF/MLC has reached 252 advisers since IOOF announced the purchase of MLC in August last year and is now nearing AMP Group which has lo...

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Financial planning

With this week’s adviser movement dominated by ANZ Banking Group, which took 20 ‘advisers’ off the Australian Securities and Investments Commission’s Financial Adviser Re...

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Financial planning

GWM Adviser Services topped the list in terms of the biggest net losses for adviser roles this week after another 12 were slashed, according to data from HFS Consulting....

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Financial planning

This has been a tough week for IOOF given that the financial planning groups operating under its umbrella have topped the list for the highest declines in adviser numbers...

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Financial planning

There has been a net loss of close to 30 adviser roles, despite the lack of any major market announcements this week. ...

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MARKET INSIGHTS

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Bradley

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

13 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...

15 hours ago
Chris Cornish

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

16 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