‘Do or die’ for ASIC says Governance Institute

Governance/ASIC/andrew-bragg/enforcement/

The Governance Institute has said ASIC’s governance arrangements are no longer “fit for purpose” in a time when financial markets are quickly innovating and cyber crime becomes a threat.

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‘Alert not alarm’: Lonsec warns on timing the market

market-volatility/lonsec/sell-off/international-equities/australian-equities/

Lonsec chief investment officer, Nathan Lim, has reminded advisers and clients that attempting to time the market to combat volatility this week could be costly to portfolios.

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Magellan Global Fund conversion sparks redemptions

Magellan/FUM/funds-management/Andrew-Formica/

Magellan Financial Group has reported its highest funds under management in almost a year, but specialist investors made redemptions following changes to its global fund.

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RBA hands down August rate decision

RBA/central-banks/interest-rates/

The central bank has announced its latest rate decision amid signs of improving inflation in Australia and rumbles of slowing global growth.

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Global X ETFs Australia CEO to depart

ETFs/Evan-metcalf/Global-X-ETFs/ceo/

Global X ETFs has announced the CEO of its Australian business, Evan Metcalf, will depart the firm after a decade.

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An evolving advice landscape by 2050

FSC/financial-advice/consumers/

Research has forecast how financial advice landscape demographics could look in 2050, including how many more Australian consumers will need complex advice.

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Choosing the right successor for your advice practice

succession-plans/financial-advice/business/practice-management/

Money Management explores the pros and cons of appointing a younger staff member as your successor, and why financial advisers shouldn’t underestimate their skills.

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Former Escala Partners co-founders join LGT Crestone

lgt-crestone/wealth-management/hires/appointments/

LGT Crestone has made two senior hires to its Melbourne office to boost growth in its high-net-worth and family office services, making 10 appointments from Escala Partners.

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FSC calls for regulation shake-up

financial-services-council/FSC/Superannuation/financial-advice/Blake-Briggs/

The Financial Services Council has recommended changes to regulatory design as millions more consumers are expected to need advice in the coming years.

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HNW wealth managers announce merger

wealth-management/high-net-worth/HNW/Sydney/M&A/

Two wealth managers focused on high and ultra-high-net-worth clients have announced a merger, with over 180 years of history between them.

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