Insignia advisers dwindle as micro-AFSLs grow; Iress unveils improved remuneration structure

The number of Insignia advisers has fallen to nearly 1,000, with the advice firm losing 72 advisers to micro-AFSLs over the years.

Iress has outlined how it will move to a performance-based remuneration model following feedback that its previous structure was not aligned with shareholder returns.

Vanguard research has revealed that Australians who seek advice and have a clear retirement plan have the highest levels of confidence about their future.

The Stockbrokers and Investment Advisers Association has thrown its support behind the experience pathway, arguing its members would rather quit than study for unnecessary financial planning qualifications.

Australian equities have fallen dramatically for the second consecutive month at Magellan, falling by 25 per cent in April.

The financial software provider has announced its acquisition of WealthConnect, a digital advice practice management and CRM system.

In this week’s episode, Infinity Asset Management’s chief investment officer, Piers Bolger, shares his insights on BHP, Westpac, Afterpay, managed accounts and the marketing spin surrounding the ESG movement.