AFCA set to expel United Global Capital

AFCA/complaints/financial-advice/

AFCA has confirmed United Global Capital’s membership of the body will not be extended to accept further complaints, avoiding a repeat of the Dixon Advisory scenario.

AUTHOR

Fund managers enact bidding wars for specialist talent

fund-manager/private-markets/private-credit/salary/recruitment/

Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.

AUTHOR

BTC on your APL? Licensees air views on crypto

crypto/cryptocurrency/bitcoin/approved-product-list/APLs/

Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.

AUTHOR

Coalition’s Taylor commits to advice reforms within 100 days

federal-election/coalition/financial-advice/

Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.

AUTHOR

Reach Alts joins forces with Russell Investments

Russell-Investments/Alternatives/private-markets/infrastructure/

Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.

AUTHOR

Nuveen appoints global real estate head

Nuveen/real-estate/appointment/

Nuveen has appointed a global head of estate, a successor to Chris McGibbon who steps down after almost 25 years.

AUTHOR

Genium confirms senior hire from Morningstar

research-house/ratings/morningstar/

Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.

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M&A actions propel licensees’ share price in Q1

financial-advice/licensees/AFSL/

Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.

AUTHOR

‘Good result’ as $3.5m Caddick auditor class action approved

Melissa-Caddick/fraud/court/class-action/

A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.

AUTHOR

PE firm completes acquisition of Mason Stevens

Mason-Stevens/private-equity/M&A/platforms/

The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.

AUTHOR

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