IOOF

Financial planning

Insignia Financial has delivered a strong half-year profit with underlying net profit after tax jumping to $117.9 million, up 79% on the previous corresponding period, fo...

Financial planning

Insignia praised for tying ESG to remuneration

The firm, formerly known as IOOF, has been praised by KPMG as a “rare” company that is tying environmental metrics to long-term incentive plans....

Financial planning

RI Advice to pay $6m penalty

The Federal Court has ordered RI Advice Group to pay a $6 million penalty for failing to take reasonable steps to ensure that its authorised representative provided appro...

Financial planning

Insignia loses self-employed advisers due to fee change

The reset of management fees charged to self-employed advisers has seen Insignia Financial (formerly IOOF) lose 118 advisers during the December quarter. ...

Financial planning

IOOF completes Evolve phase two migration

IOOF has consolidated its legacy platforms onto its superannuation and investments platform which now has $41 billion in funds under administration....

Financial planning

Over 2,000 advisers left industry year to date

The first week of December sees heavy losses again in adviser numbers with a net change of advisers of over 120 while the net losses for the year stood at 2,062, accordin...

Financial planning

AMP and IOOF adviser losses on par

The combined adviser losses at AMP and IOOF year-to-date is at 171 compared to 143 for all other licensees....

Financial planning

IOOF loses 65 advisers in Q1

A “continued focus on practice sustainability and professional standards” led to IOOF reporting a loss of 65 financial advisers during the first quarter of FY22....

Financial planning

IOOF to rebrand as Insignia Financial

IOOF will rebrand as Insignia Financial later this year as a “clean slate” after acquiring MLC Wealth....

Financial planning

IOOF restructure sees CIO out

Since the acquisition of MLC, the firm has focused on organisational design which has resulted in its chief information officer leaving IOOF....

Financial planning

Small self-licensed advisers the only area of growth

Almost all adviser groups experienced adviser losses in 2021 except small self-licensed advisers which has been the “one area of growth”, according to Wealth Data....

Financial planning

IOOF Group lose over 400 advisers since January

IOOF Group has posted one of the heaviest losses of advisers with a departure of more than 400 since the start of the year....

Top 100

Adviser numbers reach new lows

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...

Financial planning

Three largest adviser groups have lost 52% of advisers

IOOF, AMP, and NTAA Group have disproportionally lost the most advisers since the start of the year compared to the rest of the sector, according to Wealth Data....