Platform HUB24 has launched a client reporting solution to improve adviser reporting across custody and non-custody assets.
A “large dependency” on research houses, poor performance indicators, and a failure to close underperforming options are among platform trustee problems flagged by APRA.
In the wake of a high-profile interim stop order, product downgrades and ASIC’s increasingly watchful eye, Freshwater Wealth founder Roger Perrett has suggested the shine of private market’s perception is wearing off.
With platforms reporting frequent adviser requests for alternative assets, especially for high-net-worth clients, two platforms have shared the complexities of hosting these types of strategies.
AWAG has made a 20 per cent strategic investment in First Mutual Australia as it seeks to grow AWAG’s authorised representatives to 80–100 by the end of the financial year.
The chief distribution officer at Allianz Retire+ has departed after less than two years to take up a senior role at Generation Life.
Avantis Investors has launched its first active ETFs in the Australian market, backed by American Century Investments, and has told Money Management that future expansion will be based on adviser demand.
APRA has issued a letter to platform trustees to urgently improve their onboarding practices and monitoring to safeguard investments held on platforms, in light of First Guardian failures.
With investors demonstrating a lack of private market understanding, an adviser has shared how his firm uses a tiered investment approach that varies based on his clients’ financial literacy.
While specialist advice firms have become an increasingly popular business model in recent years, industry analysis reveals whether there are financial benefits to be gained from opting for that specialisation.
