New Zealand financial planners may soon be free to practice in Australia if the recommendations of draft adviser regulations across the Tasman are adopted.
DKN loses $2.2 million from dealer meltdown…
DKN Financial Group has set aside $1 million to fight any claims resulting from Westpoint made against its now-defunct dealer group in a move it said would limit “potential loss” to the listed entity.
… but spends $960,000 for share of SA planning group
On the same day as it wrote off $2.2 million closing down its own dealer group DKN spent almost $1 million acquiring an unspecified share of the Adelaide-based Tulare Financial Planners business.
I&T expands under Conexus Financial banner
Investment & Technology magazine has merged its business with that of the direct marketing and events business Product Alert to form a new company – Conexus Financial.
Aon signs on Pillar’s State Super star
Aon Australia has appointed one of Pillar Administration’s most senior people, State Super relationship manager Angela Wade, to run its super administration team.
Bad Elm adviser gets three years in sin bin
Sydney financial adviser, Graham Ronald Flegg, of now-defunct licensee Elm Financial Services, has been banned for three years after losing a retiree couple $1 million in a risky related product.
Small caps need to justify high fees: van Eyk
Small cap managers charging high performance fees, or taking large sector bets or stock specific risks, led research house van Eyk to recommend just six Australian small cap funds in its latest review.
All advice, no business for ipac’s man in Brisbane
Business management is not the strong point of most financial planners, according to Brad Lawler, and so he was happy to outsource these ‘distractions’ to ipac and concentrate on giving advice.
Weaven’s last hurrah: industry funds enter new era
The merger of Industry Fund Services and Members Equity, creating an enterprise with $26 billion in assets, marks the “end of the beginning for the industry fund movement”, according to the deal’s chief architect, Garry Weaven.
RARE Infrastructure Value Fund
Treasury Group’s RARE Infrastructure launches a fund of listed global infrastructure securities.
I&T expands under Conexus Financial banner
Investment & Technology magazine has merged its business with that of the direct marketing and events business Product Alert to form a new company – Conexus Financial.
Bravura wins core UK business…
The UK wrap market is looking to take its lead from Australia if the choice of systems builders is a guide.
