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Fidelity International has launched a new restricted advice service, Fidelity Wealth Management, in the UK with five advisers and another six on the way.
Six Park has launched its first range of sustainable portfolios in partnership with a Melbourne-based financial advice firm.
The number of financial advisers licensed by AMP dropped dramatically in 2020, with the institution no longer the largest AFSL in the country by number of advisers.
The increasing cost of delivering financial advice coupled with lack of guidance and strategy documents are the major barriers to limited financial advice, according to licensees.