Experienced advisers stand firm as younger peers fold; AMP reports 1H23 losses for advice division

Almost half of the advisers who have departed this year have been in the industry for less than 10 years while older advisers are pinning their hopes on the experience pathway.

AMP has reported half-year results for its advice division as it updates on the next action in the BOLR class action case.

Following the departure of Lukasz de Pourbaix in April, Lonsec has appointed a new chief investment officer and executive director.

Clime Investment Management and TIP Group have partnered to launch My Financial Fitness, a new online financial education program aimed to strengthen Australians’ self-managed finances.

Former abrdn head of wholesale, Con Koromilas, has been appointed to Infinity Asset Management.

Months after the departure of its Asia-Pacific chief executive, the advice fintech has appointed a new director of business development for the region.

In this episode of Relative Return, host Phil Tarrant chats to Simon Madder, Managing Director and CEO of Prime Financial Group, on the firm’s ambitious growth plans and how it balances working in multiple parts of the financial services landscape.