We felt this article was important information given the impact a CBA acquisition can have on the existing market. Not entirely sure ACCC understood the full impact of CBA's takeover.
The competition watchdog has approved Commonwealth Bank of Australia's acquisition of Count Financial.
Australian Competition and Consumer Commission (ACCC) chairman Rod Sims said there was unlikely to be a substantial lessening of competition in any relevant market as a result of the proposed acquisition.
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West Australian financial planning group rmg financial services has increased its funds under advice (FUA) to around $660 million following the purchase of financial advisory group Piersbridge Consultants.
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Bendigo Wealth recently purchased Melbourne-based boutique planning practice AIM Financial Services, representing the first financial planning acquisition for Bendigo and Adelaide Bank's wealth management arm.
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Financial planners must take advantage of social media to combat negative consumer perceptions about the industry and make Australians realise the value of advice, according to social marketing expert and managing director of SRS Coaching and Consulting Rachael Staggs.
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THE retail funds management sector is up in arms about its liability under Future of Financial Advice reforms introduced to parliament yesterday.
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