Australian wholesale flows boost GQG FUM

GQG-Partners/australian-market/wholesale-investing/

GQG Partners has reported a 67 per cent year-on-year increase in Australian wholesale net flows to its funds as it announces its half-year results.

AUTHOR

Creating a culture of compliance in advice

ASIC/licensees/AFSL/compliance/enforcement/

In light of recent ASIC investigations, Assured Support has outlined how compliance programs can fail within advice practices and licensees if they are treated as “necessary evils” and corners are cut.

AUTHOR

Sequoia resolves legal action after acquisitions

Sequoia/court/acquisition/Garry-Crole/

A dispute between Sequoia Financial Group and individual Tim McGowen has reached a conclusion, following a problematic acquisition of three companies.

AUTHOR

Clime identifies $1m pa savings from Madison divestment

Madison/infocus/Clime-Investment-Management/

Clime Investment Management believes its FY25 operating costs will be “substantially lower” after identifying $1 million per annum in cost savings from the Madison divestment.

AUTHOR

FSCP makes latest adviser determination

FSCP/statements-of-advice/financial-advice/insurance/

The Financial Services and Credit Panel has made its first determination in over three months with the relevant provider pulled up on their statements of advice.

AUTHOR

The licensees that led Q2 adviser growth

Adviser-Ratings/adviser-numbers/centrepoint-alliance/financial-advisers/

Adviser Ratings’ quarterly data has uncovered the top 10 financial advice licensees for growth and losses in the second quarter of the 2024 calendar year.

AUTHOR

How has adviser sentiment changed over the past decade?

adviser-sentiment/wealth-insights/financial-advisers/

Back in 2014, the proportion of optimistic advisers sat at 55 per cent, but how has the past decade and the fallout from the Hayne royal commission changed things?

AUTHOR

Lazard makes distribution appointment from PGIM

Lazard/Lazard-Asset-Management/pgim/

The former head of Australia wealth at PGIM has taken up a new role as an investment specialist at Lazard Asset Management.

AUTHOR

Global X portfolio management head exits

global-x/Global-X-ETFs/portfolio-management/

Global X ETFs’ head of portfolio management is set to depart the firm in October, the second major departure alongside outgoing CEO Evan Metcalf’s exit.

AUTHOR

Small and microcaps: seizing opportunities

Premium-Content/

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 4 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 3 days ago