Managed accounts break through $200bn FUM milestone

IMAP/managed-accounts/toby-potter/managed-discretionary-accounts/separately-managed-accounts/

The managed account sector increased by $10.6 billion over the past six months, according to IMAP, as it surpassed the “major milestone” of $200 billion in funds under management.

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Former Lonsec director joins GDG board

lonsec/Generation-Life/

A former director of research house Lonsec has joined the board of GDG as a non-executive director.

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Financial stress in Australia hits decade-high: AMP

financial-stress/wellbeing/amp/financial-advice/

Financial stress levels among working Australians has reached its highest point in a decade but few are taking their struggles to a financial adviser, AMP finds.

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Iress announces CEO changes

iress/ceo/praemium/XPLAN/

Iress has shared an update on its CEO business structure, while Xplan co-founder Jason Hoang is to depart after more than 20 years with the business.

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Embracing the Shift Towards HNW Clients

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Compliance salary boom underway at fund managers

Kaizen-Recruitment/recruitment/salary/compliance/

Kaizen Recruitment has examined remuneration trends occurring in the risk and compliance space in its latest salary guide.

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The FSC’s alternative ways of demonstrating financial sophistication

FSC/wholesale-investing/parliamentary-joint-committee/Parliament/

The Financial Services Council has told a parliamentary committee that a subjective test is needed to demonstrate the sophistication of wholesale investors, whether via a finance degree or being a company director.

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Merger activity drives Regal’s quarterly FUM rise

M&A/Regal-Partners-Limited/Platinum-Asset-Management/FUM/

Regal Partners has reported a 41 per cent growth in funds under management over the September quarter to $17.2 billion, amid its latest bid to acquire Platinum.

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Iress commences board renewal with new hires

iress/boards/fintech/Software/

The financial services technology company has appointed two non-executive directors following its AGM earlier this year, where it flagged it would embark on a board renewal process.

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