A former director of Sydney-based Courtenay House has been sentenced in the Supreme Court of NSW for his role in the operation of a Ponzi scheme.
Perpetual has been questioned by analysts on whether its KKR deal is best for shareholders and if it can be undone given the lack of growth it has delivered to the company’s share price.
Providing well developed professional year programs and offering flexible working arrangements are two key drivers leading to higher retention of new advice entrants, two experts say.
COG Financial Services has detailed the impact that the acquisition of a 20 per cent stake in Centrepoint Alliance has made on its performance and future business strategy.
Hoxton Capital Management has rebranded its business to have a greater focus on wealth management and technology.
Clime Investment Management has reported a statutory loss of $3.8 million for FY24 following a “challenging period” for the firm, however is on a “clear path to recovery” following the Madison sale.
The licensee has become the second-largest wealth management advice firm in Australia, with its funds under advice hitting $34.2 billion in FY24.
While all MySuper products successfully passed the latest performance test, trustee-directed products encountered difficulties.
The number of new entrants in the financial advice profession who have since departed this year has seen an improvement from the amount that left in 2023.
