Take-up of managed accounts is expected to increase in the next 12 months as more products are added to the MyNorth and Macquarie Wrap platforms....
The Reserve Bank of Australia is six months ahead of the Federal Reserve, according to J.P. Morgan Asset Management, meaning interest rates could rise as early as 18 mont...
State Street is set to launch a private markets solution for institutional investors as it acquires solutions and data management provider Mercatus....
The volume of IPOs increased by more than five times in the first half of 2021, evidence that the market sentiment is rebounding, with a further 42 planned for the rest o...
Trustee firm has made three appointments to its senior management team as it looks to grow in Australia....
Without the removal of certain tax barriers, fund managers could opt to only service Australian clients from overseas, according to the Financial Services Council....
Acadian Asset Management has launched a multi-asset absolute return fund for investors seeking defensive alternatives exposure. ...
As ANZ announces a $1.5 billion on-market buyback, this was a “strong indicator” that bank dividends could continue to rise for the next 12 to 24 months, according to Pla...
Funds under administration on the HUB24 platform grew 141% to $41.4 billion in the last financial year as the firm saw 48% growth in adviser users. ...
Magellan chair Hamish Douglass has hit out at “arrogant” asset managers who are seeking to control net zero emissions in their portfolios although it could offer a low ca...
Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...
The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...