A group led by Strategic Finance's managers and directors agreed terms to acquire the business from Allco HIT in a deal valued at about $90 million.

Mike Pero Mortgages has a new chief executive for the second time in a year.

Whether the Financial Advisers Bill will climb the ladder to universal acceptance or slide down the snake to general rebuke hinges on how the select committee answers a few fundamental questions.

Regulation of the adviser sector continues to be the big topic of news this week, with Commerce Minister Lianne Dalziel rejecting calls to slow down the passage of the bill.

Auckland

The Southern Cross adviser team has undergone a recent expansion as part of an ongoing commitment to advisers and three new recruits have joined.

The Securities Commission has given a guarded thumbs up to the way financial advisers are adapting to the February 29 disclosure rules.

Auckland

Auckland

The Minister of Commerce says it is still her intention to pass the Financial Advisers Bill before the election, and Good Returns understands the bill has been given a higher priority.

Wellington

Christchurch

Wellington

Fisher Funds founders Carmel and Hugh Fisher have pushed their stake in the business to 83% and are now considering options for bringing in new investors.

Dunedin