Onus falls on boutique AFSLs to recruit new entrants; Sequoia’s Crole looks forward after Takeovers Panel verdict

The Financial Advice Association Australia’s Anne Palmer believes new entrants can no longer rely on large advice licensees for recruitment, leaving the obligation to smaller practices.

Sequoia chief executive Garry Crole is looking ahead beyond business disruption as the licensee receives a verdict from the Takeovers Panel regarding whether there was unethical shareholder practice afoot.

ASIC says spot checks have “identified errors and inconsistencies” on the Financial Advisers Register and urged AFSLs to assess the accuracy of their records.

An experienced financial adviser, who has been with AMP for nearly two decades, has launched his own Western Australia-based advice firm under AMP Advice’s licensee network.

Count has divested its Bentleys WA business for a lower purchase price than initially forecast.

The $280 billion Australian Retirement Trust is the first superannuation fund off the block to report its performance for the 2023–24 financial year.

Financial advisers report experiencing trust issues from consumers still distrustful after the Hayne royal commission and in their own staff, but overall trust levels are on the rise.