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MM Newsletter
01 Oct 2024
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Latest News
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Financial planning
So long, farewell: When former owners just won’t say goodbye

When it comes to acquiring an advice practice, one of the most difficult challenges can be former owners who refuse to take a step back, preventing a clean handover for the new buyers.

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Financial planning
Reviewing ASIC’s Q3 advice enforcement activity

Money Management compiles ASIC’s enforcement action against financial advisers and licensees during the third quarter of 2024, including sentencing, bannings and FSCP action.

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Promoted Content
What provides diversification as a strategic asset class?

State Street Global Advisors’ APAC Gold Strategist, Robin Tsui, explains why investors should consider Gold.

Watch now
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Financial planning
AZ NGA inks strategic partnership with US investment giant

Financial advisory group AZ NGA has announced a strategic partnership with a $294 billion global investment manager to support its acquisition plans.

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Financial planning
SQM to launch managed account benchmarks

Research house SQM has announced it will collect data covering managed account portfolios in response to industry demand, with the intention to launch benchmarks in due course.

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Financial planning
Shaw and Partners bolsters Sydney
advisory team

Shaw and Partners Financial Services has appointed an NSW state manager to lead its Sydney-based private wealth advisory team, alongside several financial adviser appointments from Ord Minnett.

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Funds management
HUB24 deal expedites Reach’s expansion into wealth market

Reach Alternative Investments CEO, Sam Phillips, says its strategic alliance with HUB24 will “expedite its expansion” into the wealth market as it embarks on discussions on future product launches.

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Features
Combined AMP/Entireti practices to create
mega licensee

Once the AMP advice sale to Entireti is completed, the size of the combined licensees will be almost double that of the second-largest licensee Count, and the deal is being positively received by commentators and shareholders.

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