How much did Australia's largest super fund return in FY23–24?

australian-super/superannuation-funds/

| By Rhea Nath |

Australian Super, which has $315 billion in member assets and 3.3 million members, has shared its annual returns for the FY23-24.

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.

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Sequoia restructure to see 10% headcount reduction

Sequoia/AFSL/Garry-Crole/licensees/

| By Laura Dew |

Financial planning

Sequoia Financial Group has announced it is restructuring its business following a shareholder dispute which will see it reduce headcount by 10 per cent.

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.

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Adviser’s permanent ban after exam falsification varied by AAT

financial-advice/exam/banning/ASIC/

| By Staff |

Financial planning

A financial adviser who was permanently banned for falsifying his financial adviser exam result has seen the banning amended following a successful appeal to the Administrative Appeals Tribunal.

AUTHOR

Learning to let go as advice leaders

financial-advisers/elixir-consulting/practice-management/leadership/

| By Jasmine Siljic |

Financial planning

With financial advice leaders often wearing too many hats in the business, two consulting professionals underscore the value of letting go and empowering staff to drive growth.

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.

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The licensees reporting triple-digit share price growth

WT-Financial-Group/Sequoia/amp/insignia-financial/Fiducian/share-price/australian-equities/centrepoint-alliance/

| By Laura Dew |

Financial planning

Looking over the past five financial years, which advice licensees have demonstrated consistent long-term share price growth for their investors?

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.

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Former Lonsec CEO joins Morningstar

morningstar/lonsec/research-house/superannuation-funds/

| By Laura Dew |

Funds management

Former Lonsec chief executive, Matt Olsen, has joined Morningstar as director of manager research ratings as it branches out to rate superannuation funds.

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.

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Pacific Current appoints acting CEO

GQG-Partners/Pacific-Current-Group/acting-CEO/ceo/

| By Laura Dew |

Funds management

Following the exit of Paul Greenwood to join GQG Partners, Pacific Current Group has appointed an acting chief executive.

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.

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HMC Capital completes private credit acquisition

private-credit/M&A/acquisition/fund-managers/

| By Laura Dew |

Funds management

HMC Capital has completed its acquisition of private credit fund manager Payton Capital as it seeks to take advantage of the burgeoning opportunity in the asset class.

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.

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ETFs continue as ‘flavour of choice’ for advisers

ETFs/Adviser-Ratings/asset-allocation/artificial-intelligence/bitcoin/

| By Jasmine Siljic |

Funds management

Demand for ETFs is only set to climb higher with over one-third of financial advisers planning to lift their ETF allocation in the next 12 months.

AUTHOR

Jasmine Siljic

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ASIC makes first AFSL action of FY24–25

AFSL/ASIC/Sydney/

| By Laura Dew |

Financial planning

ASIC has suspended the AFSL of a Sydney advice firm, the first action it has taken in the new financial year.

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.

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