This Month
AMP cuts financial advice deal, stemming losses
The company will partially sell that business via transactions totalling $92.4 million, while the stock lifted 13 per cent after interim profit beat consensus.
- Hannah Wootton
July
‘I’m a financial adviser but pay somebody else to manage my money’
Thriving Wealth founder John Cachia had three good reasons to outsource his financial affairs.
- Michelle Bowes
June
Doug Tynan’s GCQ doubles down on distribution with new hire
The $800 million equity shop has tapped a Franklin Templeton sales director to spearhead its distribution efforts in Victoria, Tasmania and Western Australia.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Opinion
The ghost of Dixon Advisory haunts planning industry
Financial planners are up in arms about being forced to pay out tens of millions of dollars in compensation to victims of the conflict-riddled wealth management firm.
- Jonathan Shapiro
May
Investors to be stung by $250m in new advice fees
A tax office ruling will see investors pay 7.5 per cent more for advice obtained from super funds and platforms, despite government moves to cut advice costs.
- Michelle Bowes
Super funds spend big ahead of advice reforms
As the legislation enabling them to give more financial advice languishes in Canberra, funds are moving ahead with plans to implement it anyway.
- Hannah Wootton
The future of financial advice is digital – and human
AI-powered apps are touted as a big part of the solution to providing affordable financial advice en masse, but winning people’s trust is a key challenge.
- Joanna Mather
How this Millennial plans to retire at 35
Saving hard and opting out of the consumer lifestyle has helped these people retire decades before their parents did.
- Bianca Hartge-Hazelman
Why I’ve got more in my super than when I retired 11 years ago
Choosing the right financial adviser can help set strategies, achieve goals and protect wealth. Here’s how to find the right one – and how much you should pay.
- Duncan Hughes
I’m a Zillennial. Is financial advice worth it for me?
At $4700, many young Australians would think twice about taking on a financial adviser. But are there instances when it’s worth it?
- Lucy Dean
Government still stumped by financial advice semantics
The government will try to head off a semantic storm over the term “qualified advisers” by replacing the words with “product adviser”.
- Joanna Mather
Crypto miner spruiked 16pc returns for five years without a licence
A Gold Coast cryptocurrency miner was authorised to provide financial services for less than seven months despite operating for six years.
- Max Mason
ASIC finds super funds still charging fees for no service
Super funds are obliged to ensure members are only charged for financial advice they actually receive but not all are doing so.
- Michelle Bowes
April
First Sentier shuts fixed income funds, hands back $14b
Once a giant of the Australian fixed income scene, the Mitsubishi UFJ-owned fund manager will close four units that manage $14 billion in a major restructure.
- Jonathan Shapiro and Cecile Lefort
Stephen Jones is (still) out of his depth
Stephen Jones aimed for “quick wins” on his legislative agenda. Instead, the government introduced a bill accidentally banning insurance commissions.
- Updated
- Myriam Robin
Labor scrambles after accidentally axing insurance commissions
A wording error in financial advice reforms tabled to Parliament last week would have inadvertently banned commissions for insurance brokers.
- Hannah Wootton and Lucy Dean
March
Escala Partners dials up client fees after LGT Crestone snares advisers
Dragging its top revenue-writers to court didn’t work for Escala Partners. Now it is ready to pull another lever in its quest to plug talent (and revenue) leakage to rival LGT Crestone.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February
- Opinion
- Chanticleer
Confessions of a royal commission survivor
Renato Mota took on one of the biggest post-royal commission rebuilds at Insignia. He leaves after five years with questions over where advice and super are heading.
- James Thomson
Macquarie’s war on big four escalates with business lending assault
Macquarie said it had appetite to deploy its retail banking technology into the business market to grow deposits and lending against CBA and NAB.
- Updated
- James Eyers
January
Financial advisers likely to give bitcoin ETF a ‘wide berth’
But some say there is a place for cryptocurrencies in portfolios – although in small proportions, like gold.
- Joanna Mather
