Money Prophet

A free national financial advice service is being launched by the government.

The Government has accused some financial advisers of being “out to make a quick buck”, as it announced the roll-out of its free money guidance service.

ING-owned RI Advice Group has taken a 20 per cent stake in Ray Miles’ new dealer group, Fortnum Financial Group.

Sunsuper has boosted its financial advice capabilities, creating a new division and appointing Steven Travis as general manager.

A first of its kind program in the nation has been launched in San Francisco to help residents take control of their financial destiny.

Equipsuper’s financial planning arm has reached $100 million in funds under advice.

I’d like to debunk a few myths that are perpetuated by mainstream media and others who know little about the financial planning profession …

Manama March 9, 2010: Employment in Bahrain’s financial services industry grew by 1.5% during 2009, with a total of 14,137 people employed at end-2009 compared with 13,922 at end-2008.

When financial reform legislation finally lands on the Senate floor, a provision that advocates call the single most important item for Main Street investors will probably have been banished from the ponderous bill.

The new division will offer advice on reducing and eliminating final salary pension costs and liabilities, pensions services, trusteeship and employee benefits, including healthcare and risk management.