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MM Newsletter
09 Dec 2024
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Latest News
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Financial planning
ASIC exam sees highest pass mark in 2 years

Candidates waiting until they feel confident and better exam prep resources have helped the pass mark for the financial advice exam reach the highest since ASIC took over its administration.

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Financial planning
How much could investors recover from Shield Master Fund?

Administrator Deloitte has shared how much Shield Master Fund investors could receive in estimated returns if the scheme is successfully wound up.

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Financial planning
Client appetite grows for one-off episodic advice

There is a need for advice businesses to offer flexible service models, with Investment Trends research suggesting over half of potential clients prefer one-off advice to meet their financial needs.

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Financial planning
SOA replacement presents ‘blank canvas’
for advisers

The development of a new advice document presents a “blank canvas” for advisers to create a suitable document replacing statements of advice, says Adviser Ratings.

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People & Products
T. Rowe Price promotes ANZ consultant head to APAC role

T. Rowe Price has promoted head of Australia and New Zealand consultant relations, Cassandra Crowe, to the equivalent APAC role.

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Financial planning
ASIC bans former South Australian
financial adviser

A former South Australian financial adviser, who also authored two personal finance books, has been banned by ASIC for a period of seven years.

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Funds management
iPartners takes majority stake in Melbourne
fund manager

Alternative asset manager iPartners Funds Management has announced a new acquisition to support its retail presence with a majority stake in Mi Funds Management.

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Financial planning
ASIC announces results of final 2024
adviser exam

ASIC has released the results for the November sitting of the financial adviser exam, with the pass mark sitting substantially higher than in August.

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Feature
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Features
Research houses grapple with the rise of thematic ETFs

As thematic ETFs gain popularity among advisers, research houses have told Money Management of their unique challenge to rate these niche products and assess their long-term viability.

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