Challenging markets hit Australian Ethical FUM

Australian-Ethical/John-McMurdo/financial-results/funds-under-management/

Ethical investment manager Australian Ethical has cited the ongoing challenging market environment for its modest decrease in assets over the latest quarter.

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Positive HUB24 tailwinds to fall away in FY26: Morningstar

HUB24/platforms/netwealth/

Despite reporting strong quarterly results, Morningstar forecasts initial tailwinds benefiting the platform in recent years are likely to fall away for HUB24 in the next financial year.

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Clime IM continues hiring spree with independent director

Clime-Investment-Management/Clime/appointments/

Clime Investment Management has welcomed an independent director to its board, which follows a series of recent appointments at the company.

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Former Victorian adviser sentenced after $4.4m theft

court/financial-advice/gambling/

A former Victorian financial adviser has been sentenced after stealing $4.4 million from clients, family and friends to feed his “raging gambling addiction”.

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Centrepoint Alliance acquires super fund advice book

centrepoint-alliance/john-shuttleworth/financial-advice/

Advice licensee Centrepoint Alliance has acquired the financial advice book of superannuation fund Brighter Super and will become the preferred partner to provide advice to its members.

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Aussie fund managers underestimating challenges in ETF launches

active-ETFs/ETFs/first-sentier/PwC/global-x/stockspot/

Commentators have said Australian fund managers are less knowledgeable compared with overseas peers when it comes to expanding their range with ETFs and underestimating the competition from passive strategies.

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FAAA welcomes Coalition’s ambitious 30k adviser target

Sarah-Abood/federal-election/coalition/politics/

The association has expressed its support for the Opposition’s commitment to making financial advice a “national priority”, alongside its bold target of reaching 30,000 advisers.

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Over one-third of investors seeking advice as trusted source

HSBC/financial-advisers/social-media/

Australian investors are increasingly turning to financial advisers as their top source of information, with more than a third using them for investment guidance.

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HUB24 adviser usage surpasses 5k in Q3

HUB24/platforms/financial-advice/

The number of advisers using the HUB24 platform has passed 5,000, with over 100 added in the latest quarter, thanks to a migration from ClearView.

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ClearBridge lists 3 infrastructure ETFs on ASX

ETFs/active-ETFs/infrastructure/clearbridge/clearbridge-investments/

ClearBridge Investments has expanded investor access to its global infrastructure investment strategies through the launch of three active ETFs on the ASX.

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