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Esencia Wealth invests in new adviser pipeline to future-proof business

financial-advice/new-entrants/recruitment/education/financial-advice/

Esencia Wealth says investing in a pipeline of new advisers sits at the “top of our list”, including building clear career pathways to retain new entrants.

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Maple-Brown Abbott deal presents complementary growth path for Antipodes

Maple-Brown-Abbott/Antipodes-partners/antipodes/M&A/Pinnacle-Investment-Management/

The acquisition of Maple-Brown Abbott is expected to be earnings accretive for Antipodes Partners and presents it with complementary asset classes for future growth.

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Iress completes $167m sale of UK mortgages business

iress/praemium/platform/technology/

Iress has announced the completed sale of its UK mortgages arm, representing the fourth and largest divestment successfully executed under its transformation strategy.

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Pinnacle looks to UK for flows amid newest affiliate

Pinnacle/international-equities/London/UK/Ian-Macoun/

Pinnacle managing director Ian Macoun has shared an update on its newest UK affiliate as he flags how almost three-quarters of FY24 net flows come from international investors.

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Mercer receives greenwashing penalty from Federal Court

mercer/ASIC/greenwashing/

Mercer has received a heavy penalty from the Federal Court after making misleading statements about the sustainable nature and characteristics of its Mercer Super Trust investment options.

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AFSL cancellations dent weekly adviser growth

Wealth-Data/ASIC/adviser-numbers/Colin-Williams/

The cancellation of two AFSLs has caused adviser numbers to drop into the red this week after three weeks of growth, but one AFSL has seen a gain of 20.

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Will UGC cause the next CSLR advice levy increase?

AFCA/Dixon/Dixon-Advisory/AFSL/complaints/AFSL/

AFCA is considering whether complaints against advice licensee United Global Capital, which saw its AFSL cancelled this week, will be covered by the CSLR and how many complaints it has received already.

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When does an investigation start for AFSLs?

compliance/licensees/ASIC/investigation/

Compliance firm Cowell Clarke has shared information on how licensees should investigate a possible reportable situation at their firm and when to tell the regulator.

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‘Unnecessary’ for ASIC to interview Dixon advisers

AFCA/ASIC/andrew-bragg/Senate-Economics-Committee/Dixon/Dixon-Advisory/

ASIC has confirmed it was “unnecessary” for the regulator to intensively interview Dixon Advisory advisers about the problems at the firm.

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BlackRock broadens managed account offering

blackrock/managed-accounts/multi-asset/

BlackRock Australia has expanded its managed account suite with new active multi-asset model portfolios, providing investors with diversified exposure to a range of asset classes.

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