Churn between licensees continues to be the dominant factors in changes to the Financial Adviser Register but numbers are holding steady.
Future IM/Pact has welcomed four new wealth management partners to the fold, joining foundational partner, LGT Crestone.
Iress has made two senior appointments to its APAC wealth product and technology teams, poaching Team Super’s CTO Callum Masson for a new EGM role.
Wilson Asset Management has launched an LIC offering investors steady monthly income stream and capital growth with less risk exposure.
US investment firm Principal Asset Announcement has appointed a new global head of real estate research & strategy
ASIC has initiated Federal Court action against FIIG Securities alleging it failed to address cybersecurity inadequacies for more than four years.
ASIC chair, Joe Longo has denied the regulator is guilty of double standards when dealing with industry and retail superannuation funds.
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Wilsons Advisory has expanded into Western Australia, with the appointment of Rob Black to spearhead the efforts of its new office in Perth.
The competing Bain Capital and CC Partners bids for Insignia Financial have grown to $5 with due diligence now having been granted.
ASIC could help alleviate pressure on the CSLR by checking the status of AFSL’s PI policies at least annually, says the SMSF Association.
Industry funds emerged largely unscathed from the Royal Commission until its recommendations led to ASIC’s empowerment as a super conduct regulator.
The cost of a comfortable retirement lifestyle was offered a small reprieve in the December quarter, but still increased in the last year.
ASIC has initiated legal action in the Federal Court against AustralianSuper over the fund’s failures around death benefits claims handling.
New analysis has determined Australia’s wealth market is dictated by technology advancement and a cultural shift towards financial autonomy.
Investors are being warned that the ambitious earnings expectations surrounding many bleeding-edge AI adopters and innovators may go unrealised.
The Australian exchange traded fund (ETF) market recorded a rare dip in market cap, with strong monthly inflows unable to offset the drop.
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