Money Management understands there are around 90 objections to the AMP buyer of last resort class action, with a settlement hearing due to take place at the end of August.
There have not been any determinations by ASIC’s Financial Services and Credit Panel for the last three months compared to nine bannings by the corporate regulator over the same period.
Netwealth has seen a “strong start to the year” with FUA up 25 per cent and is hopeful of the AMP advice divestment bringing new clients to the platform.
Two US-based investment managers – State Street and Russell Investments – have bolstered their respective teams with senior appointments in global head positions.
Pacific Current Group has entered into an agreement to sell a portion of its stake in global private credit manager, Victory Park Capital Advisors, to US asset manager Janus Henderson.
Two financial advisers have identified the “magic number” of advisers within a practice to achieve maximum efficiency and greater work/life balance.
Monthly net flows into ETFs have surpassed $3 billion for the first time in July, as investors utilise the new financial year as an opportunity to enhance their portfolios.
Licensee WT Financial Group has shared its indicative results for the 2023–24 financial year, including the impact of the Millennium3 acquisition from Insignia Financial.
Former federal MP Julia Banks insists that all women can use their personal power to advocate for a more inclusive workplace and support other women.
Fund manager PM Capital has expanded its intermediary distribution team in regional Australia with an appointment from State Street Global Advisors.
