Vanguard and State Street have debated active ETFs, and whether they are the next vehicle for growth, or forever in the shadow of index-tracking funds.
The conversion of the Magellan Global Fund units has contributed to $0.7 billion in outflows for the fund manager in August.
A former Melbourne financial planner, Bradley Grimm, has been sentenced for dishonest conduct regarding the transfer of self-managed super fund assets.
The Financial Services and Credit Panel has made its latest two determinations, one regarding possible breaches of conflicted remuneration and the second about non-compliance with CPD.
Financial advisers have added at least 5.7 per cent in value to their clients over the past year, according to Russell Investments, and the firm has shared recommendations on how further value can be added.
Compliance and risk consultancy Assured Support has pinpointed five common compliance mistakes made by financial advice firms, borne from small oversights that can quickly transpire.
National advisory firm Fitzpatricks Financial Group has appointed Andrew Fairweather as its new group chief executive, replacing Jodie Blackledge who steps back after four years in the role.
ASIC has applied for Keystone to be liquidated rather than wound up, as the Federal Court requests a report detailing the potential returns for any victims who have suffered losses.
Acadian Asset Management has launched two new credit strategies focusing on global high yield and US investment grade, in response to growing investor demand.
Insignia Financial has appointed a former ASIC commissioner and superannuation chief executive as chair of its Trustees business.
