ETF provider Global X has expanded its GARP ETF range with the launch of a vehicle focusing on Australian equities.

Consumers who receive financial advice are feeling more secure in the face of global instability and volatility than their unadvised peers, according to the FAAA.

GCQ Funds Management has appointed a distribution director to work with advisory groups, who joins from Ausbil Investment Management.

ASIC has enacted civil penalty proceedings against Fiducian Investment Management Services alleging it breached its duties as a responsible entity and engaged in misleading and deceptive conduct.

This week has marked only the second week of overall net losses since the start of the financial year, with M&A among the factors driving gains for licensees.

With North reporting its fastest six months of AUM growth in managed accounts, AMP says the vehicles have become a “foundational element of financial advice” for their efficiency benefits.

Shaw and Partners has reached $3 billion in funds under management on its separately managed account, and the firm is eager to expand the offering.

Money Management looks back on the biggest people moves in the fund management world over the last three months.

High-net-worth advice firm Multiforte Financial Services is to merge with Sydney advice firm Lorica Partners as it proactively seeks succession for its staff and clients.

Wilson Asset Management has lost the bid to take over running the Platinum Capital listed investment company, with shareholders opting for L1 Capital instead.