Adviser-owned, adviser-run: Godfrey Pembroke CEO on Insignia exit; ASIC dismissing misconduct reports in 40 seconds

Three months since Godfrey Pembroke officially exited Insignia Financial’s institutional AFSL, Money Management speaks with CEO Mark Fisher on his path to becoming an adviser-owned, adviser-run licensee.

The final ASIC inquiry report has found more than 26,000 reportable situation reports made by licensees during
2022–23 were assessed as requiring no action, while public misconduct reports were routinely dismissed in 40 seconds.

With the 2023–24 financial year behind us, Money Management takes a look back on the financial advice licensees that were hit with enforcement action by ASIC in the past 12 months.

With the financial advisers register no longer distinguishing those who have used the experienced pathway to provide advice, how will this affect consumers and employers?

The Australian Wealth Advisors Group has made its first equity partnership scheme investment into a Victorian financial planning firm as it forecasts multiple deals ahead.

ASIC has released the exam results for its June sitting of the financial adviser exam.

Financial advisers report experiencing trust issues from consumers still distrustful after the Hayne royal commission and in their own staff, but overall trust levels are on the rise.