Relative Return: The return to favour for fixed income

Podcast/Relative-Return/

AUTHOR

Magellan profits spike as firm invests in $22bn fund manager

Magellan/Andrew-Formica/acquisition/

Magellan has seen its statutory net profit after tax rise by almost a third in FY24, as it announces a minority stake acquisition in a $22 billion investment manager.

AUTHOR

Adviser inflows boost FY24 NPAT for Fiducian

Fiducian/financial-advice/Indy-Singh/

Fiducian Group has shared its FY24 results, reporting consistent net inflows of $281 million from its adviser network.

AUTHOR

AZ NGA ‘seizes the day’ with AMP deal

AZ-NGA/Paul-Barrett/amp/financial-advice/M&A/

AZ NGA’s Paul Barrett unpacks why the firm is the right home for 16 AMP-aligned advice practices and how its M&A history will facilitate the long-term growth ambitions of each business.

AUTHOR

‘Halcyon days ahead’ for advice profession

WT-Financial-Group/Keith-Cullen/AFSL/financial-advice/M&A/

WT Financial managing director Keith Cullen believes it is “halcyon days ahead” for financial advice as it completes a four-year period of M&A activity, with the licensee now looking inward at organic growth.

AUTHOR

JANA extends SMA offering to Melbourne advice practice

financial-advice/JANA/

JANA Investment Advisers has announced it will deliver tailored managed account services to a self-licensed advice firm in Melbourne to meet its diverse client needs.

AUTHOR

Bravura returns to profitability after cost-out restructure

Bravura/technology/andrew-russell/

The Bravura cost-out restructure has been achieved with lower costs and in a faster time than initially expected, CEO Andrew Russell said, allowing the business to return to profitability.

AUTHOR

BT and Preqin respond to adviser demand for private markets

financial-advisers/Preqin/blackrock/BT/private-markets/private-credit/

Wealth management platform BT and alternative markets data provider Preqin have teamed up to provide financial advisers with greater education and transparency on private markets.

AUTHOR

Melbourne advice firm enters liquidation

financial-advice/AFCA/liquidation/

A Melbourne financial advice firm has been put into liquidation by the Federal Court, and an appeal against its AFSL cancellation has been dismissed.

AUTHOR

‘We’ve moved quickly’: Count CEO reflects on growth trajectory

Countplus/Hugh-Humphrey/Diverger/AFSL/licensees/

With two years as Count’s CEO under his belt, Hugh Humphrey takes a look back on how the firm has grown from its “subscale” position to Australia’s second-largest advice licensee.

AUTHOR

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