Taking a proactive approach to compliance frameworks

compliance/risk-management/Assured-Support/Sean-Graham/ASIC/licensees/

Proactive compliance risk management has become both a “regulatory necessity” and a “cornerstone of ethical excellence” for financial advice licensees, this compliance professional argues.

AUTHOR

Individuals face $1m fine for alleged ‘pump and dump’ scheme

ASIC/pump-and-dump/criminal-charges/Joe-Longo/

Four individuals face a $1 million fine after being charged with alleged market manipulation regarding a “pump and dump” scheme.

AUTHOR

GDG receives shareholder approval for Lonsec acquisition

generation-development-group/Generation-Life/lonsec/acquisition/

Generation Development Group has shared the outcome of its EGM regarding its plans to fully acquire Lonsec through remaining shares.

AUTHOR

Netwealth announces major adviser efficiency updates

netwealth/platforms/financial-advisers/matt-heine/

The investment platform has released a suite of improvements for its users, designed to enhance adviser efficiency and optimise client engagement.

AUTHOR

‘No excuse’ for higher adviser exits: Wealth Data

Wealth-Data/Colin-Williams/adviser-exits/financial-advisers/new-entrants/

Wealth Data founder Colin Williams believes legislative changes mean there is ‘no excuse’ for further financial adviser declines as the number of new entrants struggle to make up the shortfall.

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What do advisers look for in a platform provider?

platforms/BT/BT-Panorama/

BT’s latest research has identified the top 10 most important attributes for financial advisers when selecting a platform provider.

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Ethical manager closes after 6 years

asset-management/active-management/ethical-investment/

Ethical fund manager, Ethical Partners, is understood to have closed up shop after six years in business.

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Iress projects ‘significant’ increase in 1H24 EBITDA

iress/OneVue/praemium/fintech/

Iress is expecting a 50 per cent EBITDA rise for the first half of the 2024 calendar year compared to the prior corresponding period, as it enters the final stages of its transformation program.

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Melbourne-based adviser restrained from travel amid ASIC investigation

ASIC/travel/Supreme-Court/

ASIC has secured travel restraint orders against a financial adviser while he is the subject of an investigation into alleged financial misconduct.

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Fund managers turn pessimistic on global growth

Bank-of-America/Funds-management/economic-growth/

Macroeconomic concerns and the upcoming US election have caused fund managers to turn pessimistic on global economic growth, according to Bank of America.

AUTHOR

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

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