NEWS AND RESEARCH

15 July 2024 Comments
A NSW individual has been convicted in Sydney’s District Court for providing unlicensed financial advice to individuals.
Listed fund managers have shared their final funds under management tallies for FY24 and how much they have grown during the year.
Clime Investment Management has announced its group CEO Annick Donat is to depart from the firm after four years.
With the previous financial year behind us, Wealth Data has unveiled the top 10 financial advice licensees in terms of adviser gains and declines…
Australian digital advice fintech moneyGPS has partnered with Lifestyle Asset Management to widen the accessibility of financial advice in Australia.
Pengana Capital Group has reported funds under management of $3.3 billion at the end of June, helped by the launch of two private market funds.

TOP PERFORMING FUNDS

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INVESTMENT INSIGHTS

FINANCIAL PLANNING

A NSW individual has been convicted in Sydney’s District Court for providing unlicensed financial advice to individuals....

With the previous financial year behind us, Wealth Data has unveiled the top 10 financial advice licensees in terms of adviser gains and declines over the 12-month period...

Australian digital advice fintech moneyGPS has partnered with Lifestyle Asset Management to widen the accessibility of financial advice in Australia. ...

A former gym owner details his path into the financial advice profession, and the value of gaining CRM or CSO experience before progressing to the adviser milestone. ...

The investment platform’s FUA grew by $3.3 billion to $88 billion over the June quarter, as current transactions provide a “high level of confidence” for FY25. ...

PEOPLE & PRODUCTS

10 July 2024

Submissions and nominations have opened for the inaugural Momentum Media Australian AI Awards 2024, which champions the wealth management industry for contributing to the...

The financial advice firm has appointed an Aware Super executive to join its platforms business in a newly created role aimed at enhancing and accelerating its retirement...

2 July 2024
2 Comments

Technology company Iress has revealed the findings of its internal investigation following a cyber incident earlier this year which affected its OneVue business. ...

30 June 2024

Financial software provider Bravura has extended the term of its chief commercial officer as it seeks to finalise work on its transformation program....

Financial advice software provider DASH has partnered with HealthyMe Digital to launch a new solution for advisers and clients providing health and wellbeing content....

FUNDS MANAGEMENT

Boutique global small and mid-cap equities manager Canopy Investors has appointed a new portfolio manager, marking the third former Magellan professional to join the fir...

Listed fund managers have shared their final funds under management tallies for FY24 and how much they have grown during the year....

Clime Investment Management has announced its group CEO Annick Donat is to depart from the firm after four years....

State Street Global Advisors has launched an unlisted managed gold fund, in response to investor demand....

Pengana Capital Group has reported funds under management of $3.3 billion at the end of June, helped by the launch of two private market funds....

SUPERANNUATION

9 July 2024

Nominations and submissions have opened for this year’s Super Fund of the Year Awards for two individual categories....

3 July 2024
1 Comments

Australian Super, which has $315 billion in member assets and 3.3 million members, has shared its annual returns for the FY23-24....

30 June 2024
1 Comments

The $280 billion Australian Retirement Trust is the first superannuation fund off the block to report its performance for the 2023-24 financial year....

5 June 2024

The Federal Court has found Active Super made misleading representations regarding its ESG credentials, specifically around excluding Russian investments at the time of t...

6 March 2024
1 Comments

The Albanese government has confirmed superannuation will be paid on the Commonwealth paid parental leave scheme from next year, addressing a longstanding “gender blind s...

LIFE/RISK

Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Plannin...

The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD ...

The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers....

The firm has announced it will no longer be writing new life insurance policies in the retail advised and corporate group insurance channels, citing a declining market an...

ASIC has issued its first interim stop order on two life insurance products from ClearView Life for DDO failures....

ACCOUNTING

28 August 2022

Australian Ethical has reported its net profit after tax (NPAT) fell 15% to $9.6 million for the year ended 30 June, while its underlying profit after tax (UPAT) declined...

25 August 2022

Insignia Financial has announced a 59% increase in its underlying net profit after tax (UNPAT) to $234.5 million in FY22....

3 February 2022

Having completed their educational qualifications, those advisers who remain in the industry are reporting being “run off their feet” with new clients....

29 September 2019

With October being Mental Health Month, it’s a good opportunity for people in the profession to look out for each other’s mental health....

28 May 2019

The Administrative Appeals Tribunal has rejected an application by a former tax agent to stay a Tax Practitioners Board decision to terminate his registration with the ma...

POLICY & REGULATION

Compliance professionals working in financial services are facing burnout risk as higher workloads, coupled with the ever-changing regulation, place notable strain on sta...

Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation....

The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension....

Government has introduced a bill to Parliament to legislate the first stream of the QAR reforms....

ASIC now has a 1:1 ratio when it comes to court success in the enforcement of crypto activities and more action is expected as Treasury seeks to introduce a regulatory fr...

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MARKET INSIGHTS

Shareholder

Get rid of the rest of the old guard to clean up the culture, then you might have a chance....

3 days 11 hours ago
Ray Mitchell

The previous directors and managers of both Dixon Advisory and the ultimate holding company Evans and Partners should be...

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Old Fella

Why would any Licensee invest in educating and training new advisers, when as soon as the handcuffs come off, they will ...

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Insignia Financial has unveiled a new operating model and executive team, including a new head of advice, while three senior executives are set to depart the licensee....

4 days 13 hours ago

ASIC has obtained interim orders from the Federal Court to freeze the assets of a registered managed fund and prevent its former director from leaving Australia. ...

3 weeks 5 days ago

The $280 billion Australian Retirement Trust is the first superannuation fund off the block to report its performance for the 2023-24 financial year....

2 weeks ago