Prime Financial eyes acquisitions as it seeks revenue growth; When regulation hampers advice innovation

Prime Financial is seeking to double its revenue growth by 2025 thanks to a five-year business reorganisation that is now reaping rewards as it sets its sight on multiple acquisitions.

Innovation might be an opportunity cost borne by Australia’s regulatory environment, however, some consumers may place more value in the human element of advice, according to these advice executives.

Less than 1 per cent of total advisers are ‘pure risk’ advisers as commission changes and premium increases drive them out of the profession or into new advice careers, says Adviser Ratings.

As the Fund Manager of the Year Awards nears on 22 June, Money Management spoke to the Australian Large Cap Equity Fund finalists.

ASIC has made its first interim stop order on a superannuation product as well as on three managed funds, all run by Spaceship Capital.

JBWere has appointed Cathryn Carver as chair, replacing Michael Saadie.

Red tape has been suffocating financial advice for years. It’s time for regulators to turn their attention to the army of emotionless robots who will be joining the profession.