Wealth managers and advisers are racing to manage the next generation of investors and additional high net worth individuals among several trends facing the industry.

The increased variety of investment products coming to market has fared well for fund management distribution employees with top performers seeing bonuses of over 80% of their salary.

The financial services company has been hit with a $70,000 penalty for violating anti-hawking regulations.

The investment funds platform has reported an 87% surge in its statutory net profit despite subdued net inflows.

The investment advisory firm would work on the strategy, structure and monitoring of the university’s endowment fund.

Platinum has launched the Platinum Global Transition fund, aiming to invest in global ESG-focused companies.

Allianz Retire+ has launched a retirement income product offering guaranteed income for life with 10 million people expected to retire over the next 20 years.

The property investment and funds management firm has reported weaker earnings and a 56% plunge in statutory profit in its latest financial results update.

Iress has reinvested in its core Australian trading and advice activities, including a digital advice capability, as it believes Australian clients have been “underserved” by the firm’s focus on offshore activities.