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FAAA raises CSLR concerns with Minister Jones

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The Financial Advice Association Australia has met with Minister for Financial Services, Stephen Jones, to discuss their concerns about the escalating costs of the Compensation Scheme of Last Resort.

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Australian wholesale flows boost GQG FUM

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GQG Partners has reported a 67 per cent year-on-year increase in Australian wholesale net flows to its funds as it announces its half-year results.

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Creating a culture of compliance in advice

ASIC/licensees/AFSL/compliance/enforcement/

In light of recent ASIC investigations, Assured Support has outlined how compliance programs can fail within advice practices and licensees if they are treated as “necessary evils” and corners are cut.

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Sequoia resolves legal action after acquisitions

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A dispute between Sequoia Financial Group and individual Tim McGowen has reached a conclusion, following a problematic acquisition of three companies.

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Clime identifies $1m pa savings from Madison divestment

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Clime Investment Management believes its FY25 operating costs will be “substantially lower” after identifying $1 million per annum in cost savings from the Madison divestment.

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FSCP makes latest adviser determination

FSCP/statements-of-advice/financial-advice/insurance/

The Financial Services and Credit Panel has made its first determination in over three months with the relevant provider pulled up on their statements of advice.

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The licensees that led Q2 adviser growth

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Adviser Ratings’ quarterly data has uncovered the top 10 financial advice licensees for growth and losses in the second quarter of the 2024 calendar year.

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How has adviser sentiment changed over the past decade?

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Back in 2014, the proportion of optimistic advisers sat at 55 per cent, but how has the past decade and the fallout from the Hayne royal commission changed things?

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Lazard makes distribution appointment from PGIM

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The former head of Australia wealth at PGIM has taken up a new role as an investment specialist at Lazard Asset Management.

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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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