Fund manager AMP has told over 300 of its self-employed financial advisers that they may lose their licenses to give advice.
AMP has put more than 300 advisers on notice that it may discontinue their licence to provide financial advice as the under-pressure wealth manager tries to reduce risks, amid a corporate watchdog probe and possible legal action.
This Kochie’s Business Builders Case Study features Jaime Brands from Adviser Ratings. Together with Microsoft Master Trainer Daniyel McAvoy, Kochie tackles small business tech solutions.
Ten Australian fintech start-ups are in London this week on a trade delegation arranged by the Australian British Chamber of Commerce, a sign of deepening ties between the two nation's technology scenes.
The founder of Dover Financial Advice group has vowed to never work in the financial services industry again, as the corporate watchdog accepts a court enforceable undertaking from the shuttered company.
More than 500 "micro self-licensed" financial planning practices established in the past three years could be most at risk of disciplinary action from an emboldened corporate watchdog, along with fast-growing financial planning businesses ...
Within a few years from now, the number of licensed practitioners in the financial advice area is likely to be half of the current total. So, if you’re a planner, maybe it’s time to start planning a career change?
Some investors say two crucial elements to AMP’s success – its good name and model of licencing external advisers to distribute products – have been devastated.
Some investors say two crucial elements to AMP’s success - its good name and model of licensing external advisers to distribute products - have been devastated.