How much could adviser numbers grow by in 5 years?; Insignia staff at risk of slashed redundancy provisions

A new report has forecast how adviser numbers would look in five years’ time and the rate of expected annual growth, but the “numbers just don’t add up” when combined with expected consumer demand.

Insignia Financial has proposed slashing staff redundancy pay arrangements by 58 weeks, potentially making it one of the lowest in the industry.

Money Management and our partners explore global equities, commercial real estate, private markets, Australian small-cap equities and retirement income.

Financial advisory group Providence Wealth South Australia has promoted its co-founder to the role of director to help steer the future direction of the business.

Following a strategic review, Platinum has announced it will merge its two listed investment companies with two of its quoted managed hedge funds.

Maple-Brown Abbott has finalised an agreement to be acquired by a rival fund manager to create a firm with $18.6 billion in assets under management, just two months after its former CEO exited to lead Magellan.

Perpetual has seen another difficult quarter for its asset management division, reporting its largest quarterly outflows for FY24.

Conversations about the intergenerational wealth transfer involve imparting financial wisdom and fostering a legacy of financial literacy and security with your clients, writes Jonathan Scholes.