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New recruits top advice industry priority: FAAA
The industry is urgently prioritising the recruitment of new advisers as those who remain bear the brunt of paying heftier levies that aggravate the costs of running a business and puts financial advice further out of reach for Australians.
ASIC takes action against Guildfords FM, director
ASIC has cancelled the licence of Guildfords Funds Management and banned its managing director Robert Payne for their involvement in the collapse of Magnolia Capital Group.
ETF price war heats up
Leading exchange-traded product (ETP) investment managers - Vanguard, Betashares, BlackRock, and VanEck - which command about 70% of the Australian market, reduced their asset-weighted fees by 8% in the 12 months to March, according to Rainmaker Information.
Local Aviva Investors managing director to exit
Aviva Investors will farewell its local managing director following a decision to manage distribution from Singapore.
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Phil Usher
CHIEF EXECUTIVE OFFICER
FIRST NATIONS FOUNDATION
FIRST NATIONS FOUNDATION
Taking a gamble to steady the ship as chief executive of First Nations Foundation, Phil Usher has turned it into a more secure, self sustaining entity, far better equipped to empower First Nations people to achieve financial prosperity. Andrew McKean writes.
Cohen admitted that "we did have poor systems, we did not have the right people, and we did not have the right culture."
Just a few weeks ago Ian Nirev was on this very site suggesting that any suggestion of 'cultural' issues within CBA FP was just plain wrong..... it was all a few bad apples.
I called this out then and now CBA's own general council may have just contradicted him. Is this the first time CBA has publicly admitted that its issues were systemic? Despite the whistle blowers, lawyers and ASIC stating that was the case.
Let's not get too excited. Read this from CBA's own website https://www.commbank.com.au/ab...
Now tell me if this reflects the ASIC reports and CBA's own testimony today?
Unbelievable
Annabel is incorrect. All Senior Financial Planner means at CFP is that they deal with clients worth above $500K and have a wider APL