Platinum Asset Management has appointed Northern Trust to provide asset servicing solutions for their $11 billion Australian funds.
The FAAA has secured CSLR-related documents under the FOI process, after an extended four-month wait, which show little analysis was done on how the scheme’s cost would affect financial advisers.
A leading consultancy believes asset managers will be reluctant to expand overseas in 2025 as high distribution costs blow out potential benefits, but this is providing tailwinds for Australian third-party distributors.
Nearly seven in 10 HNW-focused advisers view alternatives as the asset class that will be fundamental to meeting client demands in the future, according to Praemium.
Three of the largest ETF providers reported net inflow increases of more than 100 per cent during 2024, as Betashares admits it “underestimated” the scale of annual inflows the industry would see.
Bennelong Funds Management has announced its first responsible entity service client, having flagged it as a 2025 priority for the firm.
The Perth-based advice practice has welcomed a private wealth adviser and senior paraplanner to its ranks amid its strategic shift towards wealth transfer strategies.
The fund manager has appointed American Century’s former Australian head of wholesale to its distribution team in the head of researchers and consultants position.
As Magellan Financial Group continues its search for a permanent chief financial officer, it has looked internally for an interim replacement.
The number of members expelled from the Australian Financial Complaints Authority almost doubled between 2023 and 2024, according to internal data.
