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Man in maze

Tough Senate questions for ASIC on Dixon Advisory

Mike Taylor 19 July 2024 15 Comments

ASIC has been placed on notice to answer detailed questions about the collapse of Dixon Advisory and the extraordinary decisions it took.

Finger balances numbers

One year later, 222 fewer advisers

Mike Taylor 19 July 2024 5 Comments

Adviser numbers continue to decline as the profession struggles to attract sufficient new entrants to offset the exit of experienced advisers.

Mergers and acquisitions

Favourable signs for Financial Services M&A

Mike Taylor 19 July 2024 No Comments

The Australian financial services sector is one of the most ready to pursue M&A activity but its a case of all cashed up and nowhere to grow.

Castlerock’s “beyond-CBD” office investment strategy delivers

Yasmine Raso 19 July 2024 No Comments

Castlerock has managed to navigate the ‘negative sentiment’ surrounding office investment to deliver on its “beyond-CBD” approach.

Airwallex

Airwallex lands AFSL, outlines retail investment ‘evolution’

Patrick Buncsi 19 July 2024 No Comments

Airwallex has become the first major payments company to be granted an AFSL, enabling the provision of retail investment products.

ASIC website browser image

Directors of now-cancelled AFSL XTrade banned for 3, 5 years

Yasmine Raso 18 July 2024 One Comment

The former directors Of the now-cancelled AFSL, XTrade.AU, have been banned from carrying on a financial services business by ASIC.

Man with feet on clock amid money

APRA asked to detail time/money spent on super payments to unions

Mike Taylor 18 July 2024 7 Comments

APRA has been asked to detail how much time it has expended and what it has spent on its two-year investigation into super fund payments to unions.

Compass with losses and gains

Praemium’s mixed result post OneVue acquisition

Mike Taylor 18 July 2024 No Comments

Praemium has outlined a solid quarter but also mixed fortunes as its beds down its April acquisition of OneVue from Iress.

Chant West

Strong share market tide lifts retail super boats

Mike Taylor 18 July 2024 No Comments

The latest super investment return analysis has reinforced the degree to which the tide of strong share market returns has helped retail funds.

Gold coins being stacked with a hand taking some away

Gold reigns as US creeps toward election: Ninety One

Yasmine Raso 18 July 2024 No Comments

New market analysis has shone a spotlight on gold as a key beneficiary of the structural trends as the US election inches closer.

SSGA ‘high growth’ Risk-Based ETF Model Portfolios

State Street entices younger investors with ‘high growth’ ETF

Patrick Buncsi 18 July 2024 No Comments

SSGA will offer a new ‘high growth’ investment option on its Risk-Based ETF Model Portfolios to attract a younger cohort of investors