‘No excuse’ for higher adviser exits; What do advisers look for in a platform provider?

Wealth Data founder Colin Williams believes legislative changes mean there is “no excuse” for further financial adviser declines as the number of new entrants struggle to make up the shortfall.

BT’s latest research has identified the top 10 most important attributes for financial advisers when selecting a platform provider.

“I’ve got liquidity problems.” This phrase has become a badge of honour among large-cap fund managers; a self-deprecating gloat that they’ve outgrown the market and become a victim of their own success.

ASIC has secured travel restraint orders against a financial adviser while he is the subject of an investigation into alleged financial misconduct.

Ethical fund manager, Ethical Partners, is understood to have closed up shop after six years in business.

Insignia has announced it has completed the separation of Rhombus Advisory but flagged it needs to increase its remediation provision by an estimated $135 million relating to legacy advice and product compliance issues.

Iress is expecting a 50 per cent EBITDA rise for the first half of the 2024 calendar year compared to the prior corresponding period, as it enters the final stages of its transformation program.

Advisers and platforms have a role to play in educating their clients with alternative investments, according to Praemium, as research finds alternative assets are set to reach US$21 trillion next year.