MM Newsletter
  13 August, 2021
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Latest News
Money Management Original
Small is the new big for financial planner growth
New licensees that offer holistic advice has seen a net growth of 120 adviser roles since the start of the year and are the fastest growing planning groups, according to Wealth Data.
Money Management Original
Alexis George looks to restore faith in AMP brand
AMP’s chief executive will prioritise regaining public trust in the AMP brand, the demerger with AMP Capital, and aims to have net inflows in 2022.
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Money Management Original
Duplicate tech systems costly to advice firms
Advisory firms are spending an average of $10,000 per employee on technology but much of this has only one use or is overlapping with existing systems, according to Netwealth.
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Industry News
Industry bodies unite against CSLR draft
Eight industry associations say the compensation scheme of last resort will become a “go to” rather than a last resort and excludes product providers from accountability.
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Money Management Original
Could value of advice shift from SoAs?
Business models could shift to goals-based advice, rather than producing statements of advice, according to a fintech.
Money Management Original
Gender improvement needed with investment decision makers
To increase gender diversity in key decision makers in asset management, a deliberate and focused strategy is needed, according to a panel.
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Industry News
SAFAA welcomes ASIC reform approach
The Stockbrokers and Financial Advisers Association has welcomed the announcement from the corporate regulator regarding its “reasonable approach” in the early stage of the reforms.
Industry News
First Sentier targets 40% women in investment team
To achieve this target in time, two-thirds of future investment management team hires will need to be women.
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Industry News
Federal Court proceedings launched against unregistered MIS
Monica Kaur and MKS Property Investments/Developments are alleged to have operated an unregistered managed investment scheme and provided unlicensed financial advice to consumers.
Industry News
ASIC to take 'reasonable' approach in early stages of reforms
ASIC will take a reasonable approach in the early stages of the reforms arising from the Royal Commission provided industry participants are using their best efforts to comply.
Industry News
Fidelity appoints sustainable investing director
RIAA board member and former HESTA senior responsible investment adviser, Daniela Jaramillo, has been appointed to the newly-created role.
Industry News
Perpetual acquires HNW boutique planning firm
Jacaranda Financial Planning, a Sydney and Melbourne-based boutique wealth advisory firm with almost $1 billion in funds under advice, has been acquired by Perpetual.
Outsider
Money Management Original
Gold medal for advertising
If there was a gold medal for advertising in the Olympics, Outsider believes Aware Super would take out the gold medal spot.
Money Management Original
Different but same numbers
While Outsider has been closely watching the daily numbers of COVID-19 cases spreading across the east coast, he finds it very confusing and struggles to figure out what those numbers really mean.
Money Management Original
Taking a break for a swim
With several states back in lockdown, it was unsurprising that Parliamentary sessions were back to Zoom and Outsider is amused to see Parliament House is not immune from lost connections.
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