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Global X portfolio management head exits

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Global X ETFs’ head of portfolio management is set to depart the firm in October, the second major departure alongside outgoing CEO Evan Metcalf’s exit.

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Small and microcaps: seizing opportunities

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Relative Return: The return to favour for fixed income

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Magellan profits spike as firm invests in $22bn fund manager

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Magellan has seen its statutory net profit after tax rise by almost a third in FY24, as it announces a minority stake acquisition in a $22 billion investment manager.

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Adviser inflows boost FY24 NPAT for Fiducian

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Fiducian Group has shared its FY24 results, reporting consistent net inflows of $281 million from its adviser network.

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AZ NGA ‘seizes the day’ with AMP deal

AZ-NGA/Paul-Barrett/amp/financial-advice/M&A/

AZ NGA’s Paul Barrett unpacks why the firm is the right home for 16 AMP-aligned advice practices and how its M&A history will facilitate the long-term growth ambitions of each business.

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‘Halcyon days ahead’ for advice profession

WT-Financial-Group/Keith-Cullen/AFSL/financial-advice/M&A/

WT Financial managing director Keith Cullen believes it is “halcyon days ahead” for financial advice as it completes a four-year period of M&A activity, with the licensee now looking inward at organic growth.

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JANA extends SMA offering to Melbourne advice practice

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JANA Investment Advisers has announced it will deliver tailored managed account services to a self-licensed advice firm in Melbourne to meet its diverse client needs.

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Bravura returns to profitability after cost-out restructure

Bravura/technology/andrew-russell/

The Bravura cost-out restructure has been achieved with lower costs and in a faster time than initially expected, CEO Andrew Russell said, allowing the business to return to profitability.

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BT and Preqin respond to adviser demand for private markets

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Wealth management platform BT and alternative markets data provider Preqin have teamed up to provide financial advisers with greater education and transparency on private markets.

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