WEALTH MANAGEMENT BUSINESS

Financial planning

AMP has moved to float off its New Zealand wealth management business next year to create a standalone wealth management and advice business....

Financial planning

AMP Limited has taken a major step in selling down its life businesses in transactions which will translate to $3.45 billion....

Financial planning

Research from recruitment firms saying bad publicity detracted new employees to the wealth management industry was not necessarily reflected in individual businesses....

Financial planning

Australian Unity is aiming to take advantage of opportunities in the advice sector following its purchase of Premium Wealth Management, after posting a $12 million first ...

Financial planning

Centrepoint Alliance has increased its statutory net profit after tax by more than 100 per cent and will pay a dividend to its shareholders for the first time in eight ye...

Financial planning

Technology and software provider Iress has reported an underlying group profit of $71.4 million for year to the end of December 2014, up 27.7 per cent on the on the pcp....

Financial planning

AMP has posted a solid result for 2014, with underlying profit up 23 per cent year on year, largely driven by growth in its wealth management business. ...

Financial planning

Commbank has continued to perform despite some struggles within its wealth management businesses....

Financial planning

Technology provider IRESS sees solid half yearly results backed by strong performance in wealth management business....

Financial planning

Professional services firm ILH Group grateful for performance of its wealth management acquistion....

Financial planning

Premium Wealth Management has confirmed its shareholders are considering an approach from Australian Unity....

Financial planning

IOOF’s exit of its stake in PATRON Financial Services cleared the way for the dealer group’s merger with Infocus Wealth Management....

Financial planning

Bristow announces merger between Infocus and PATRON...

People & Products

Former MLC chief executive Steve Tucker will head up a new funds management firm, slightly more than a year after his departure from the NAB-owned business. ...

Editorial

PIS parent Centrepoint Alliance has reported an increase in pre-tax profit but was hit by declining numbers and ongoing claims against advisers....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 6 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 2 days ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

3 days 22 hours ago