Pacific Current offloads stake in private credit manager

private-credit/Janus-Henderson/Pacific-Current-Group/GQG-Partners/

| By Jasmine Siljic |

Pacific Current Group has entered into an agreement to sell a portion of its stake in global private credit manager, Victory Park Capital Advisors, to US asset manager Janus Henderson.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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The ‘magic number’ in advice practices

scale/financial-advice/financial-advisers/practice-management/

| By Jasmine Siljic |

Financial planning

Two financial advisers have identified the “magic number” of advisers within a practice to achieve maximum efficiency and greater work/life balance.

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Jasmine Siljic

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ETFs surpass $3bn in monthly flows for the first time

BetaShares/ETFs/funds-under-management/

| By Jasmine Siljic |

Funds management

Monthly net flows into ETFs have surpassed $3 billion for the first time in July, as investors utilise the new financial year as an opportunity to enhance their portfolios.

AUTHOR

Jasmine Siljic

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WT Financial’s Cullen shares indicative FY24 results

WT-Financial-Group/Keith-Cullen/licensees/

| By Keith Ford |

Financial planning

Licensee WT Financial Group has shared its indicative results for the 2023–24 financial year, including the impact of the Millennium3 acquisition from Insignia Financial.

AUTHOR

Keith Ford

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How women can harness ‘personal power’ in leadership

women-in-finance/women-in-financial-services/

| By Malavika |

Financial planning

Former federal MP Julia Banks insists that all women can use their personal power to advocate for a more inclusive workplace and support other women.

AUTHOR

Malavika Santhebennur

Malavika Santhebennur was a news and features financial services journalist at Money Management, part of Financial Express. She has previously written in various industrial publications at Cirrus Media, including mining, food, franchising, and health.

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PM Capital expands intermediary distribution team

ssga/PM-Capital/appointments/distribution/

| By Laura Dew |

Funds management

Fund manager PM Capital has expanded its intermediary distribution team in regional Australia with an appointment from State Street Global Advisors.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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3 ways AFSLs can improve their PY process

AFSL/professional-year/ASIC/new-entrants/

| By Laura Dew |

Financial planning

As the number of new entrants to the industry passes 100 for FY25, ASIC reports that firms are finding it a positive experience and has highlighted three areas to improve the process.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Combined AMP/Entireti practices to create mega licensee

AFSL/amp/financial-advice/licensees/insignia-financial/Alexis-George/Scott-Hartley/WT-Financial-Group/

| By Laura Dew |

Features

Once the AMP advice sale to Entireti is completed, the size of the combined licensees will be almost double that of the second-largest licensee Count, and the deal is being positively received by commentators and shareholders.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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How will advice divestment affect AMP North?

amp-north/amp/platforms/financial-advice/

| By Laura Dew |

Financial planning

With the exit of over 1,000 advisers from AMP, questions have been asked as to how this will affect assets on the North platform.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Iress welcomes Insignia GM as super CEO

insignia-financial/Superannuation/iress/

| By Jasmine Siljic |

People & Products

Iress has appointed Insignia Financial’s former general manager of master trust and insurance products as its newest CEO of superannuation, who will take over from Paul Giles.

AUTHOR

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Pacific Current offloads stake in private credit manager

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

The ‘magic number’ in advice practices

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

ETFs surpass $3bn in monthly flows for the first time

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

WT Financial’s Cullen shares indicative FY24 results

AUTHOR

Keith Ford

Keith 's social profiles:

How women can harness ‘personal power’ in leadership

AUTHOR

Malavika Santhebennur

Malavika 's social profiles:

PM Capital expands intermediary distribution team

AUTHOR

Laura Dew

Laura 's social profiles:

3 ways AFSLs can improve their PY process

AUTHOR

Laura Dew

Laura 's social profiles:

Combined AMP/Entireti practices to create mega licensee

AUTHOR

Laura Dew

Laura 's social profiles:

How will advice divestment affect AMP North?

AUTHOR

Laura Dew

Laura 's social profiles:

Iress welcomes Insignia GM as super CEO

AUTHOR

Jasmine Siljic

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