News

AMP platform offering to ‘democratise’ model portfolio access

AMP has partnered with BlackRock and research house Lonsec to provide a model portfolio capability on its North platform that offers “portfolio customisation at scale” to...

Financial planning

ASIC’s banning actions against advisers in FY25

Money Management rounds up actions ASIC took against advice individuals in the first half for FY25 from exam falsifications to dishonest conduct....

Financial planning

Victorian practice joins Akumin amid recruitment push

Akumin has added a Victorian advice practice to its network, signalling a “focus on recruitment and growth” including by supporting single-adviser practices....

Financial planning

Change of chair at national advice licensee Bombora

National advice licensee Bombora Advice has announced its chair Kevin Martin will be stepping down after almost a decade, and the licensee has looked internally for his s...

Financial planning

Private equity giant TA Associates backs Aussie wealth firm

Private equity giant TA Associates has made a strategic investment of an undisclosed sum into a major Australian wealth and investment player....

Funds management

State Street rebrands US$4.6tn SSGA investment division

State Street has rebranded its State Street Global Advisors arm, which has US$4.6 trillion in assets under management, following a series of deals with financial services...

Financial planning

Shaw and Partners’ CEO on his NZ goals post-ISG deal

Shaw and Partners chief executive, Earl Evans, has said the firm is seeking to double the assets under management at its latest New Zealand acquisition ISG, having made t...

Financial planning

Count sees appeal lodged to class action

Advice licensee Count has seen an appeal filed to a class action against it which was dismissed earlier this year....

Financial planning

‘Peripheral’ platforms facing exit threat as adviser needs evolve

Going forwards, advisers’ use of platforms will be divided into those “core” offerings and “peripheral” ones, with those in the latter category facing an existential thre...

Funds management

NTAM makes senior leadership hire

Northern Trust Asset Management has appointed a new head of international and responsible investing....

Financial planning

Court undertaking accepted from auditor linked to advice firm failure

ASIC has accepted a court enforceable undertaking from a Perth-based company auditor who failed to adequately conduct multiple audits on an advice firm that receivers say...