MM Newsletter
20 Mar 2023
Latest News
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Zero change in adviser numbers supports stabilisation trend

Wealth Data’s key adviser movements reported no net change of advisers in the week up to 16 March.

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AFCA backs CSLR amidst rising volume of complaints

The Australian Financial Complaints Authority has addressed the Independent Review’s recommendations and pushed for greater internal dispute resolution.

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Three BT funds receive interim stop orders from ASIC

ASIC has issued interim stop orders on three BT funds run by Advance Asset Management for DDO failings.

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Lonsec enters partnership with InterPrac Financial Planning

The investment research portal has been appointed the mandated research provider and would commence a bespoke onboarding program for advisers across the InterPrac dealer group.

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Practifi appoints new chief executive

Adrian Johnstone would succeed co-founder and former CEO Glenn Elliott, who will maintain his role on the Practifi board and an ownership stake.

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Former director charged with eight counts of fraud

Mark McCabe has been charged for dishonestly obtaining over $940,000 from eight people, seven of whom were clients of his companies.

Editorial
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A report worth waiting for

After seven weeks of waiting, the final report of the Quality of Advice Review was released in early February, prompting eager reading by the advice industry.

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