Freshwater Wealth cements adviser pipeline with 2 hires

financial-advice/AFSL/financial-advisers/hires/

| By Jasmine Siljic |

The Sydney-based financial advice practice has appointed two new partners to meet rising client demand, particularly driven by the influx of intergenerational wealth transfer clients.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

View articles by Jasmine

Jasmine 's social profiles:

E-mail Author

JPMAM to close 2 sustainable funds

JPMAM/JP-Morgan-Asset-Management/sustainable-funds/Schroders/

| By Laura Dew |

Funds management

Following changes to a Schroders sustainable fund, JPMAM has announced it will close two of its sustainable strategies.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

CFS plans increased AI usage in wealth management

CFS/artificial-intelligence/technology/wealth-management/

| By Laura Dew |

Financial planning

Colonial First State has announced a five-year agreement with Microsoft to underpin the firm’s use of cloud and artificial intelligence technology in wealth management.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

C-suite executive departs Pengana after 22 years

Pengana/Pengana-Capital-Group/CFO/appointments/board/

| By Laura Dew |

Funds management

A C-suite executive, who was one of the first employees, will be departing from asset manager Pengana Capital Group after 22 years with the company.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

Unlicensed Qld trader loses appeal for fraud sentence

ASIC/fraud/appeal/

| By Laura Dew |

Financial planning

An appeal by convicted fraudster Dr Roger Munro has been dismissed by the Queensland Court of Appeal.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

Vanguard sees HNWIs gravitating towards ETFs

ETFs/vanguard/high-net-worth/HNWI/

| By Jasmine Siljic |

Funds management

While ETFs typically garner attention from everyday retail investors, Vanguard is observing a growing number of high-net-worth individuals also using these readily available products.

AUTHOR

Jasmine Siljic

View articles by Jasmine

Jasmine 's social profiles:

E-mail Author

Younger advisers more likely to depart industry

financial-advisers/education/new-entrants/financial-advice/

| By Laura Dew |

Financial planning

Of those financial advisers indicating they are looking to leave the industry, three-quarters are advisers aged under 40 which is presenting a problem for future growth.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

The scalability benefits of managed accounts

IMAP/scale/practice-management/managed-accounts/Perpetual/

| By Jasmine Siljic |

Financial planning

The adoption of managed accounts is essential for financial advice businesses to achieve scale, two experts argue, otherwise advisers risk “limiting their growth”.

AUTHOR

Jasmine Siljic

View articles by Jasmine

Jasmine 's social profiles:

E-mail Author

Under-35s trust social media over professional advice

social-media/finfluencers/financial-advice/ASFA/

| By Jasmine Siljic |

Financial planning

Australians aged 18–34 years old are demonstrating a higher degree of trust in social media-sourced advice over professional financial advisers, according to ASFA.

AUTHOR

Jasmine Siljic

View articles by Jasmine

Jasmine 's social profiles:

E-mail Author

Schroders reconsiders fund range

Schroders/global-equities/ESG/sustainable-investing/

| By Rhea Nath |

Funds management

Schroders is to close the wholesale class of a global equity fund, while a sustainable one will be repositioned as an ESG one in light of higher sustainability criteria in Australia.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

View articles by Rhea