IOOF
Financial planning
A “cut down” version of advice will cost as much as holistic advice and the industry needs services for those who cannot afford advice that do not involve personal circum...
Financial planning
IOOF is planning to use the next three years to breakeven MLC Wealth and has turned its acquisition focus into an organic growth focus. ...
Funds management
The firm posted an underlying profit after tax increase of 19.2% despite drops in revenue for advice and investment management for FY21....
Financial planning
The last quarter of the 2021 financial year saw IOOF lose 33 self-employed advisers leading to an outflow of $2.2 billion but this was marginally offset by inflows of $0....
Financial planning
The first phase has seen 38,827 client accounts and approximately $5 billion in funds under administration migrated to the new system. ...
Financial planning
There will be more advice practices popping up to service clients that only want once-off advice and those practices need to invest in technology to lower the cost of adv...
Financial planning
This week 103 advisers left the industry during a period which saw a lot of adviser movement thanks to IOOF finalising its absorption of MLC Wealth advisers. ...
Financial planning
With its acquisition of MLC Wealth, IOOF now has around 1,500 authorised representatives surpassing AMP’s 1,443. ...
Funds management
There are four funds set to benefit from the completion of the acquisition of MLC Wealth by IOOF from National Australia Bank, which makes it Australia’s largest wealth m...
Financial planning
The acquisition has doubled the size of the IOOF business to $494 billion in funds under management and will see a single senior leadership and management structure in pl...
Awards
Being defensively positioned before and during the worst of the pandemic has helped the Quay Global Real Estate fund win the Global Property Securities category at this y...
Awards
Taking the time to look away from industry leaders and source boutique investment managers has helped the IOOF MultiMix Balanced Growth win at this year’s Money Managemen...
Funds management
The partnership will see Invesco manage over $23 billion in index investments with the ANZ pensions and investments business that was acquired by IOOF....
Funds management
With Centrepoint Alliance returning 230%, which funds are offering exposure to the wealth management space?...
Funds management
In a period of regulatory change and market volatility, one wealth manager is leading the charge in share price performance after a difficult few years....
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...