Week at a glance, 11 June

Advice firms 'dangerously' behind on technology: PwC

A global report by PwC shows that wealth management is one of the least tech-literate sectors in financial services, with urgent action needed as relationship managers are "dangerously overestimating" their firms' digital capabilities.

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Former BT-aligned practice joins GPS Wealth

Accounting and advice firm BCB Financial Planning has joined non-institutionally-owned dealer group GPS Wealth, as a way to foster a new path for growth for the former BT-aligned practice.

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MyPlanner launches new back-office solution

Non-aligned dealer group MyPlanner has rolled out a new back-office solution to its adviser network, following the success of a pilot program.

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AstuteWheel tool to cut planning time to under one hour

Fintech company AstuteWheel has released a stand-alone software tool that will enable advisers to facilitate their component of the estate planning process to under one hour.

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CFS announces upcoming platform changes

Colonial First State is set to make a host of changes to its offering, including launching a full suite of managed account solutions as well as facilitating robo-advice in its platform.

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MLC makes key insurance hire

A former BT state manager has returned to MLC to take up the role of general manager for retail advised insurance sales, as the business transitions into a standalone life insurer.

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Suncorp launches new super offering

Suncorp Superannuation has launched a new offering in an effort to simplify the super system for advisers and customers amid changes.

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Adviser launches crowdfunding campaign

Adviser director of Wealth Planning Partners Amanda Cassar has launched a crowdfunding campaign to raise $10,000 for The Hunger Project.

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Advisers chasing robo risk losing value: GPS Wealth

Advisers must know the difference between robo-advice and "robo-product-flogging", with many losing sight of their value in an effort to innovate their businesses, says GPS Wealth managing director Grahame Evans.

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Centrepoint simplifies structure through rebranding

Centrepoint Alliance has rebranded its various businesses together under the one umbrella as part of moves to simplify its business structure.

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Elders expands footprint with new firm

Elders Financial Planning has announced a new firm has joined its network, as the dealer group seeks to expand its footprint in rural areas.

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Millions to be hit by super changes, says ASFA

The Association of Superannuation Funds of Australia (ASFA) has warned that the federal budget's proposed superannuation changes will adversely affect 1.26 million people.

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