Count forecasts limited advisers as pipeline for future business growth; AMP BOLR victims see another delay to settlement

Count chief executive, Hugh Humphrey, believes limited advisers providing advice at super funds and banks will benefit the firm’s business model by creating a new breed of advisers looking to set up on their own.

The AMP buyer of last resort proceedings have hit another delay after a case management hearing in the Federal Court to approve the $100 million settlement was postponed.

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The firm reported a “tremendous” 38 per cent revenue growth in its wealth management division for 1H24, as it strives towards its $100 million revenue target by FY30.

ASIC has issued a warning to advisers and their licensees after identifying deficiencies in their oversight of Choice super performance.

ASIC has accepted a court-enforceable undertaking from a former Melbourne financial adviser regarding advice on self-managed superannuation funds.

Iress has reported a statutory NPAT loss of $137 million in 2023 compared to a profit of $52.7 million in the previous year.

Global X has appointed a new chief executive from Goldman Sachs Asset Management as it seeks to be a “clear-cut leader” in the ETF space.

If the licensee structure is to be removed – or even if it’s here to stay – the imperative for businesses is to evolve or cease to exist, writes Shaun Green.