Exam passes prompt adviser gains

There has been a net gain of 15 advisers joining the industry this week, including nine new entrants following their exam pass.

With Australians warming up to the idea of advice since the QOA Review, firms are already seeing ‘overwhelming’ client volumes and need to be prepared to meet that demand.

Despite market volatility, some 42 products were launched in the last 12 months, and the ETP industry could reach a record $200 billion in the next three years, according to Global X.

Financial adviser Jeneve Matai’s ban for providing a ‘layered advice’ strategy would remain after his appeal to the Administrative Appeals Tribunal was refused.

The FPA’s Future2 Foundation will now include participants from the Association of Financial Advisers and the SMSF Association as board director Sarah Abood steps down.

Stock exchange Cboe has completed its technology migration, increasing its capacity to launch products and increase its market competition in Australia.

When it comes to human interest stories, the Australian Prudential Regulation Authority is keen to let the organisations it regulates know its staff are more than just faceless automatons.

Outsider is hopeful of the news from advice firm Invest Blue that it is trialling a move to a nine-day fortnight for its staff.

When it comes to a business merger, achieving the voting approval can be just the first step.